CSW Industrials, Inc. (NASDAQ:CSWI) Stake Lessened by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. trimmed its position in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 10.7% 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 972 shares of the basic materials company’s stock after selling 117 shares during the period. PNC Financial Services Group Inc.’s holdings in CSW Industrials were worth $343,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of CSWI. Mutual of America Capital Management LLC purchased a new stake in shares of CSW Industrials during the third quarter worth $916,000. Thrivent Financial for Lutherans raised its holdings in shares of CSW Industrials by 40.3% during the third quarter. Thrivent Financial for Lutherans now owns 28,423 shares of the basic materials company’s stock worth $10,414,000 after acquiring an additional 8,161 shares in the last quarter. Pathstone Holdings LLC raised its holdings in shares of CSW Industrials by 12.6% during the third quarter. Pathstone Holdings LLC now owns 6,070 shares of the basic materials company’s stock worth $2,224,000 after acquiring an additional 679 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of CSW Industrials during the third quarter worth $2,305,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of CSW Industrials by 81.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 26,322 shares of the basic materials company’s stock worth $9,644,000 after acquiring an additional 11,787 shares in the last quarter. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO James E. Perry sold 145 shares of CSW Industrials stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $307.77, for a total transaction of $44,626.65. Following the sale, the chief financial officer now directly owns 23,282 shares of the company’s stock, valued at $7,165,501.14. This trade represents a 0.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Don Sullivan sold 1,800 shares of CSW Industrials stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $377.58, for a total value of $679,644.00. Following the sale, the executive vice president now directly owns 29,004 shares in the company, valued at approximately $10,951,330.32. This trade represents a 5.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,389 shares of company stock valued at $3,104,831. 1.40% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on CSWI shares. Citigroup cut their target price on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a report on Monday, January 13th. StockNews.com lowered CSW Industrials from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Wells Fargo & Company cut their target price on CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Truist Financial started coverage on CSW Industrials in a report on Friday, February 14th. They set a “hold” rating and a $362.00 target price on the stock. Finally, The Goldman Sachs Group cut their target price on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $379.00.

CSW Industrials Stock Performance

Shares of NASDAQ:CSWI opened at $292.79 on Friday. The company has a market cap of $4.91 billion, a P/E ratio of 34.98 and a beta of 0.80. The stock’s 50-day moving average is $324.96 and its 200-day moving average is $358.05. CSW Industrials, Inc. has a 52-week low of $225.83 and a 52-week high of $436.50.

CSW Industrials (NASDAQ:CSWI) last issued its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share (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, equities analysts predict that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a $0.24 dividend. 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 is currently 11.47%.

CSW Industrials Company 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.