4,600 Shares in CSW Industrials, Inc. (NASDAQ:CSWI) Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS bought a new stake in CSW Industrials, Inc. (NASDAQ:CSWI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,600 shares of the basic materials company’s stock, valued at approximately $1,623,000.

A number of other large investors have also recently bought and sold shares of CSWI. State Street Corp lifted its position in shares of CSW Industrials by 71.7% in the third quarter. State Street Corp now owns 612,696 shares of the basic materials company’s stock worth $224,486,000 after purchasing an additional 255,849 shares in the last quarter. Proficio Capital Partners LLC lifted its position in CSW Industrials by 35,553.3% during the 4th quarter. Proficio Capital Partners LLC now owns 202,154 shares of the basic materials company’s stock worth $71,320,000 after buying an additional 201,587 shares in the last quarter. Riverbridge Partners LLC acquired a new position in shares of CSW Industrials during the 4th quarter worth about $42,202,000. Principal Financial Group Inc. grew its holdings in shares of CSW Industrials by 1,046.2% in the 3rd quarter. Principal Financial Group Inc. now owns 84,991 shares of the basic materials company’s stock valued at $31,140,000 after acquiring an additional 77,576 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in shares of CSW Industrials by 2,006.7% in the third quarter. Franklin Resources Inc. now owns 57,617 shares of the basic materials company’s stock valued at $22,702,000 after acquiring an additional 54,882 shares during the last quarter. Institutional investors and hedge funds own 82.79% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. Citigroup reduced their price target on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating for the company in a research report on Monday, January 13th. Truist Financial initiated coverage on shares of CSW Industrials in a research note on Friday, February 14th. They issued a “hold” rating and a $362.00 target price for the company. StockNews.com lowered shares of CSW Industrials from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Wells Fargo & Company decreased their price objective on shares of CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Finally, The Goldman Sachs Group dropped their target price on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $379.00.

Insider Buying and Selling at CSW Industrials

In related news, CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $378.32, for a total value of $378,320.00. Following the transaction, the chief executive officer now directly owns 48,848 shares in the company, valued at approximately $18,480,175.36. This represents a 2.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Don Sullivan sold 1,800 shares of CSW Industrials stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $377.58, for a total transaction of $679,644.00. Following the completion of the sale, the executive vice president now owns 29,004 shares of the company’s stock, valued at $10,951,330.32. This trade represents a 5.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,389 shares of company stock valued at $3,104,831 in the last ninety days. 1.40% of the stock is currently owned by corporate insiders.

CSW Industrials Price Performance

Shares of CSWI opened at $290.19 on Friday. The company’s 50-day moving average is $317.00 and its 200-day moving average is $357.85. The firm has a market capitalization of $4.87 billion, a PE ratio of 34.67 and a beta of 0.80. CSW Industrials, Inc. has a fifty-two week low of $226.05 and a fifty-two week high of $436.50.

CSW Industrials (NASDAQ:CSWI) last released its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.11. CSW Industrials had a net margin of 15.53% and a return on equity of 15.72%. Analysts predict that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $0.96 annualized dividend and a yield of 0.33%. CSW Industrials’s payout ratio is currently 11.47%.

About CSW Industrials

CSW Industrials, Inc operates as a diversified industrial company in the United States and internationally. It operates through three segments: Contractor Solutions, Engineered Building Solutions, and Specialized Reliability Solutions. The Contractor Solutions segment provides condensate pads, pans, pumps, switches, and traps; cements, diffusers, grilles, registers, solvents, thread sealants, and vents; line set covers; refrigerant caps; wire pulling head tools; electrical protection, chemical maintenance, and installation supplies for HVAC; ductless mini-split systems installation support tools and accessories; and drain waste and vent system products for use in HVAC/R, plumbing, general industrial, architecturally specified building products.