Wells Fargo & Company MN Trims Stake in CSW Industrials, Inc. (NASDAQ:CSWI)

Wells Fargo & Company MN cut its stake in CSW Industrials, Inc. (NASDAQ:CSWI) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 41,378 shares of the basic materials company’s stock after selling 394 shares during the quarter. Wells Fargo & Company MN owned approximately 0.25% of CSW Industrials worth $14,598,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Anchor Investment Management LLC lifted its stake in shares of CSW Industrials by 2.5% in the 3rd quarter. Anchor Investment Management LLC now owns 1,287 shares of the basic materials company’s stock valued at $472,000 after purchasing an additional 32 shares during the period. Atria Investments Inc grew its position in shares of CSW Industrials by 1.4% during the 4th quarter. Atria Investments Inc now owns 2,367 shares of the basic materials company’s stock valued at $835,000 after acquiring an additional 32 shares during the period. Oregon Public Employees Retirement Fund increased its stake in shares of CSW Industrials by 0.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,934 shares of the basic materials company’s stock valued at $1,388,000 after purchasing an additional 34 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of CSW Industrials by 1.0% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,590 shares of the basic materials company’s stock valued at $1,267,000 after purchasing an additional 35 shares in the last quarter. Finally, Morse Asset Management Inc raised its holdings in CSW Industrials by 2.3% in the 3rd quarter. Morse Asset Management Inc now owns 1,621 shares of the basic materials company’s stock worth $594,000 after purchasing an additional 36 shares during the period. Hedge funds and other institutional investors own 82.79% of the company’s stock.

CSW Industrials Price Performance

CSWI opened at $299.08 on Tuesday. The company’s 50 day simple moving average is $298.03 and its two-hundred day simple moving average is $351.69. The firm has a market capitalization of $5.02 billion, a price-to-earnings ratio of 35.73 and a beta of 0.88. CSW Industrials, Inc. has a 1-year low of $229.49 and a 1-year high of $436.50.

CSW Industrials (NASDAQ:CSWI) last released its quarterly earnings data 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%. On average, equities analysts anticipate that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 25th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, April 25th. 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 yield of 0.36%. CSW Industrials’s payout ratio is 12.90%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CSWI. Citigroup cut 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. StockNews.com cut shares of CSW Industrials from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. The Goldman Sachs Group decreased their price target on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Truist Financial assumed coverage on CSW Industrials in a report on Friday, February 14th. They set a “hold” rating and a $362.00 target price for the company. Finally, Wells Fargo & Company lowered their price target on CSW Industrials from $350.00 to $295.00 and set an “equal weight” rating on the stock in a research note on Monday. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $342.50.

Insider Buying and Selling at CSW Industrials

In other news, CFO James E. Perry sold 145 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $307.77, for a total value of $44,626.65. Following the transaction, the chief financial officer now owns 23,282 shares of the company’s stock, valued at $7,165,501.14. This represents a 0.62 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction on Wednesday, January 15th. The stock was 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 of the company’s stock, valued at approximately $18,480,175.36. This represents a 2.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,012 shares of company stock worth $2,588,521 in the last ninety days. 1.40% of the stock is owned by insiders.

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.