EAM Global Investors LLC Sells 1,967 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

EAM Global Investors LLC lowered its stake in CSW Industrials, Inc. (NASDAQ:CSWI) by 15.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,644 shares of the basic materials company’s stock after selling 1,967 shares during the period. EAM Global Investors LLC owned approximately 0.06% of CSW Industrials worth $3,755,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. National Bank of Canada FI purchased a new position in shares of CSW Industrials in the 3rd quarter worth approximately $28,000. IFP Advisors Inc boosted its stake in CSW Industrials by 510.5% during the fourth quarter. IFP Advisors Inc now owns 116 shares of the basic materials company’s stock worth $42,000 after buying an additional 97 shares during the period. GAMMA Investing LLC increased its position in CSW Industrials by 94.3% during the fourth quarter. GAMMA Investing LLC now owns 136 shares of the basic materials company’s stock valued at $48,000 after acquiring an additional 66 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of CSW Industrials in the fourth quarter valued at $51,000. Finally, Jones Financial Companies Lllp lifted its holdings in shares of CSW Industrials by 300.0% in the 4th quarter. Jones Financial Companies Lllp now owns 164 shares of the basic materials company’s stock worth $58,000 after acquiring an additional 123 shares during the last quarter. 82.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CSWI has been the topic of several analyst reports. StockNews.com downgraded shares of CSW Industrials from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Citigroup reduced their price target on CSW Industrials from $364.00 to $313.00 and set a “neutral” rating on the stock in a report on Monday. The Goldman Sachs Group dropped their price objective on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Truist Financial started coverage on CSW Industrials in a research note on Friday, February 14th. They issued a “hold” rating and a $362.00 target price on the stock. Finally, Wells Fargo & Company lowered their target price on shares of CSW Industrials from $350.00 to $295.00 and set an “equal weight” rating for the company in a research note on Monday. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $342.50.

CSW Industrials Stock Down 0.5 %

Shares of NASDAQ:CSWI opened at $297.68 on Wednesday. The business’s 50 day moving average is $297.43 and its 200 day moving average is $351.32. The stock has a market cap of $5.00 billion, a P/E ratio of 35.57 and a beta of 0.88. CSW Industrials, Inc. has a 52-week low of $229.49 and a 52-week high of $436.50.

CSW Industrials (NASDAQ:CSWI) last announced its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.37 by $0.11. CSW Industrials had a return on equity of 15.72% and a net margin of 15.53%. On average, sell-side analysts anticipate that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 25th will be issued a $0.27 dividend. The ex-dividend date is Friday, April 25th. This represents a $1.08 annualized dividend and a dividend yield of 0.36%. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.24. CSW Industrials’s payout ratio is currently 12.90%.

Insider Transactions at CSW Industrials

In other news, CFO James E. Perry sold 145 shares of CSW Industrials stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $307.77, for a total value of $44,626.65. Following the transaction, the chief financial officer now directly owns 23,282 shares in the company, valued at approximately $7,165,501.14. This trade represents a 0.62 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Don Sullivan sold 2,222 shares of the company’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $292.12, for a total value of $649,090.64. Following the sale, the executive vice president now owns 24,853 shares of the company’s stock, valued at $7,260,058.36. This trade represents a 8.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,212 shares of company stock valued at $1,530,557. Company insiders own 1.40% of the company’s stock.

CSW Industrials Profile

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.