CSW Industrials, Inc. (NASDAQ:CSWI) Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. lowered its holdings in CSW Industrials, Inc. (NASDAQ:CSWI) by 3.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,810 shares of the basic materials company’s stock after selling 57 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in CSW Industrials were worth $638,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp grew its position in CSW Industrials by 71.7% in the third quarter. State Street Corp now owns 612,696 shares of the basic materials company’s stock worth $224,486,000 after buying an additional 255,849 shares during the last quarter. Proficio Capital Partners LLC grew its holdings in shares of CSW Industrials by 35,553.3% in the 4th quarter. Proficio Capital Partners LLC now owns 202,154 shares of the basic materials company’s stock worth $71,320,000 after acquiring an additional 201,587 shares during the last quarter. Riverbridge Partners LLC acquired a new stake in shares of CSW Industrials during the fourth quarter worth $42,202,000. Principal Financial Group Inc. lifted its holdings in shares of CSW Industrials by 1,046.2% during the third quarter. Principal Financial Group Inc. now owns 84,991 shares of the basic materials company’s stock valued at $31,140,000 after purchasing an additional 77,576 shares during the last quarter. Finally, Loomis Sayles & Co. L P purchased a new position in CSW Industrials in the 3rd quarter worth about $25,589,000. 82.79% of the stock is currently owned by institutional investors.

Insider Transactions at CSW Industrials

In other CSW Industrials news, Director Robert M. Swartz sold 200 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $354.65, for a total transaction of $70,930.00. Following the transaction, the director now directly owns 13,719 shares of the company’s stock, valued at $4,865,443.35. This represents a 1.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $378.32, for a total value of $378,320.00. Following the transaction, the chief executive officer now owns 48,848 shares in the company, valued at approximately $18,480,175.36. This trade represents a 2.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,389 shares of company stock worth $3,104,831 in the last 90 days. 1.40% of the stock is owned by insiders.

CSW Industrials Trading Up 3.2 %

NASDAQ CSWI opened at $302.13 on Tuesday. CSW Industrials, Inc. has a 1-year low of $225.83 and a 1-year high of $436.50. The firm’s fifty day simple moving average is $323.69 and its 200-day simple moving average is $358.71. The company has a market capitalization of $5.07 billion, a PE ratio of 36.10 and a beta of 0.80.

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

CSW Industrials Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.32%. The ex-dividend date was Friday, January 31st. CSW Industrials’s dividend payout ratio is 11.47%.

Wall Street Analysts Forecast Growth

CSWI has been the subject of a number of analyst reports. Wells Fargo & Company reduced 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 research note on Friday, January 31st. The Goldman Sachs Group decreased their price objective on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. StockNews.com downgraded shares of CSW Industrials from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Citigroup decreased their target price on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating for the company in a research report on Monday, January 13th. Finally, Truist Financial assumed coverage on CSW Industrials in a research note on Friday, February 14th. They issued a “hold” rating and a $362.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target 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.