CSW Industrials, Inc. (NASDAQ:CSWI) Shares Purchased by Legal & General Group Plc

Legal & General Group Plc grew its holdings in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 0.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 47,295 shares of the basic materials company’s stock after purchasing an additional 268 shares during the period. Legal & General Group Plc’s holdings in CSW Industrials were worth $16,686,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of CSWI. National Bank of Canada FI bought a new stake in shares of CSW Industrials during the 3rd quarter valued at about $28,000. IFP Advisors Inc boosted its stake in CSW Industrials by 510.5% in the fourth quarter. IFP Advisors Inc now owns 116 shares of the basic materials company’s stock valued at $42,000 after acquiring an additional 97 shares during the period. GAMMA Investing LLC grew its holdings in shares of 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 purchasing an additional 66 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of CSW Industrials during the 4th quarter worth approximately $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 purchasing an additional 123 shares during the last quarter. 82.79% of the stock is owned by institutional investors and hedge funds.

CSW Industrials Stock Performance

Shares of NASDAQ CSWI opened at $299.08 on Tuesday. CSW Industrials, Inc. has a 1 year low of $229.49 and a 1 year high of $436.50. The stock has a fifty day moving average price of $298.03 and a two-hundred day moving average price of $351.69. The firm has a market cap of $5.02 billion, a P/E ratio of 35.73 and a beta of 0.88.

CSW Industrials (NASDAQ:CSWI) last released its earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, research analysts predict that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Increases Dividend

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

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Wells Fargo & Company lowered their price objective on CSW Industrials from $350.00 to $295.00 and set an “equal weight” rating for the company in a research note on Monday. The Goldman Sachs Group dropped their price objective 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. StockNews.com lowered shares of CSW Industrials from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Truist Financial started coverage on shares of CSW Industrials in a research note on Friday, February 14th. They issued a “hold” rating and a $362.00 price target on the stock. Finally, Citigroup reduced their price objective on CSW Industrials from $364.00 to $313.00 and set a “neutral” rating for the company in a research report on Monday. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, CSW Industrials presently has an average rating of “Hold” and an average target price of $342.50.

Insider Activity at CSW Industrials

In other news, Director Robert M. Swartz sold 200 shares of the business’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $289.10, for a total transaction of $57,820.00. Following the sale, the director now directly owns 13,119 shares of the company’s stock, valued at $3,792,702.90. The trade was a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP James E. Perry sold 145 shares of the company’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $289.10, for a total value of $41,919.50. Following the sale, the executive vice president now directly owns 23,137 shares of the company’s stock, valued at approximately $6,688,906.70. This represents a 0.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,012 shares of company stock valued at $2,588,521 over the last ninety days. 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.