Horizon Kinetics Asset Management LLC Decreases Holdings in CSW Industrials, Inc. (NASDAQ:CSWI)

Horizon Kinetics Asset Management LLC trimmed its stake in CSW Industrials, Inc. (NASDAQ:CSWI) by 10.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,400 shares of the basic materials company’s stock after selling 600 shares during the period. Horizon Kinetics Asset Management LLC’s holdings in CSW Industrials were worth $1,905,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CSWI. Janney Montgomery Scott LLC increased its stake in shares of CSW Industrials by 5.2% in the 3rd quarter. Janney Montgomery Scott LLC now owns 2,588 shares of the basic materials company’s stock worth $948,000 after purchasing an additional 128 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of CSW Industrials in the 3rd quarter worth $349,000. Natixis Advisors LLC increased its stake in shares of CSW Industrials by 2.0% in the 3rd quarter. Natixis Advisors LLC now owns 47,744 shares of the basic materials company’s stock worth $17,493,000 after purchasing an additional 916 shares in the last quarter. Mutual of America Capital Management LLC purchased a new stake in shares of CSW Industrials in the 3rd quarter worth $916,000. Finally, Peterson Financial Group Inc. purchased a new stake in shares of CSW Industrials in the 3rd quarter worth $72,000. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

CSW Industrials Stock Up 2.6 %

CSWI opened at $291.01 on Monday. The firm has a 50-day simple moving average of $331.80 and a two-hundred day simple moving average of $359.91. CSW Industrials, Inc. has a 52 week low of $221.10 and a 52 week high of $436.50. The company has a market capitalization of $4.88 billion, a PE ratio of 34.77 and a beta of 0.80.

CSW Industrials (NASDAQ:CSWI) last released its quarterly earnings data 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 net margin of 15.53% and a return on equity of 15.72%. As a group, sell-side analysts expect that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.33%. The ex-dividend date was Friday, January 31st. CSW Industrials’s dividend payout ratio (DPR) is presently 11.47%.

Insider Activity at CSW Industrials

In related news, Director Robert M. Swartz sold 200 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $354.65, for a total value of $70,930.00. Following the completion of the transaction, the director now owns 13,719 shares of the company’s stock, valued at approximately $4,865,443.35. This trade represents a 1.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO James E. Perry sold 145 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $307.77, for a total transaction of $44,626.65. Following the completion of the transaction, the chief financial officer now directly owns 23,282 shares of the company’s stock, valued at approximately $7,165,501.14. The trade was a 0.62 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,067 shares of company stock valued at $1,844,438. Insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.