DF Dent & Co. Inc. Sells 20,875 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

DF Dent & Co. Inc. lessened its holdings in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 23.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 66,699 shares of the basic materials company’s stock after selling 20,875 shares during the quarter. DF Dent & Co. Inc.’s holdings in CSW Industrials were worth $23,532,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in CSW Industrials by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 1,852,716 shares of the basic materials company’s stock worth $653,638,000 after buying an additional 29,488 shares during the period. State Street Corp lifted its position in shares of CSW Industrials by 71.7% during the third quarter. State Street Corp now owns 612,696 shares of the basic materials company’s stock worth $224,486,000 after acquiring an additional 255,849 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of CSW Industrials by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 393,853 shares of the basic materials company’s stock worth $138,983,000 after acquiring an additional 4,899 shares during the period. Congress Asset Management Co. grew its position in shares of CSW Industrials by 1.2% in the fourth quarter. Congress Asset Management Co. now owns 206,195 shares of the basic materials company’s stock valued at $72,745,000 after purchasing an additional 2,544 shares in the last quarter. Finally, Proficio Capital Partners LLC raised its stake in shares of 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 valued at $71,320,000 after purchasing an additional 201,587 shares during the period. Hedge funds and other institutional investors own 82.79% of the company’s stock.

Insider Activity

In other CSW Industrials news, EVP Don Sullivan sold 1,800 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $377.58, for a total value of $679,644.00. Following the completion of the sale, the executive vice president now directly owns 29,004 shares of the company’s stock, valued at $10,951,330.32. The trade was a 5.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 transaction of $378,320.00. Following the sale, the chief executive officer now owns 48,848 shares of the company’s stock, valued at approximately $18,480,175.36. The trade was a 2.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,534 shares of company stock worth $3,133,640. 1.40% of the stock is currently owned by insiders.

CSW Industrials Price Performance

CSWI stock opened at $303.04 on Thursday. The firm has a 50 day simple moving average of $311.29 and a two-hundred day simple moving average of $357.48. The stock has a market cap of $5.09 billion, a PE ratio of 36.21 and a beta of 0.88. CSW Industrials, Inc. has a one year low of $227.31 and a one year high of $436.50.

CSW Industrials (NASDAQ:CSWI) last posted its quarterly earnings data 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 net margin of 15.53% and a return on equity of 15.72%. On average, research analysts expect that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date of this dividend was Friday, January 31st. CSW Industrials’s payout ratio is currently 11.47%.

Analyst Upgrades and Downgrades

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

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.