KLP Kapitalforvaltning AS Acquires Shares of 4,600 CSW Industrials, Inc. (NASDAQ:CSWI)

KLP Kapitalforvaltning AS bought a new stake in CSW Industrials, Inc. (NASDAQ:CSWI) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 4,600 shares of the basic materials company’s stock, valued at approximately $1,623,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its stake in CSW Industrials by 13.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 168,369 shares of the basic materials company’s stock valued at $61,689,000 after buying an additional 19,659 shares in the last quarter. Citigroup Inc. lifted its holdings in shares of CSW Industrials by 367.6% in the third quarter. Citigroup Inc. now owns 20,816 shares of the basic materials company’s stock worth $7,627,000 after acquiring an additional 16,364 shares during the last quarter. Algert Global LLC boosted its stake in shares of CSW Industrials by 43.5% in the 3rd quarter. Algert Global LLC now owns 2,244 shares of the basic materials company’s stock valued at $822,000 after purchasing an additional 680 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of CSW Industrials by 8.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 9,503 shares of the basic materials company’s stock valued at $3,482,000 after purchasing an additional 744 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in CSW Industrials by 26.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 9,881 shares of the basic materials company’s stock worth $3,620,000 after purchasing an additional 2,049 shares in the last quarter. Institutional investors own 82.79% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on CSWI shares. Citigroup cut their target price on shares of CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. Truist Financial initiated coverage on CSW Industrials in a report on Friday, February 14th. They set a “hold” rating and a $362.00 price objective on the stock. StockNews.com cut CSW Industrials from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. The Goldman Sachs Group reduced their price target on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Finally, Wells Fargo & Company dropped 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 report on Friday, January 31st. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, CSW Industrials has a consensus rating of “Hold” and an average price target of $379.00.

CSW Industrials Trading Down 2.0 %

NASDAQ CSWI opened at $290.19 on Friday. The firm has a market capitalization of $4.87 billion, a PE ratio of 34.67 and a beta of 0.80. The business’s 50-day moving average price is $317.00 and its two-hundred day moving average price is $357.85. CSW Industrials, Inc. has a 12 month low of $226.05 and a 12 month high of $436.50.

CSW Industrials (NASDAQ:CSWI) last announced its 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%. As a group, analysts forecast that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a $0.24 dividend. 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 11.47%.

Insider Buying and Selling at CSW Industrials

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

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.