Marietta Wealth Management LLC Invests $653,000 in CSW Industrials, Inc. (NASDAQ:CSWI)

Marietta Wealth Management LLC bought a new position in CSW Industrials, Inc. (NASDAQ:CSWI) in the fourth quarter, Holdings Channel reports. The firm bought 1,850 shares of the basic materials company’s stock, valued at approximately $653,000.

Other large investors also recently bought and sold shares of the company. OLD National Bancorp IN lifted its stake in shares of CSW Industrials by 3.9% during the fourth quarter. OLD National Bancorp IN now owns 982 shares of the basic materials company’s stock worth $346,000 after buying an additional 37 shares during the period. Pacer Advisors Inc. increased its holdings in shares of CSW Industrials by 24.2% in the fourth quarter. Pacer Advisors Inc. now owns 1,197 shares of the basic materials company’s stock valued at $422,000 after purchasing an additional 233 shares during the period. KBC Group NV raised its stake in shares of CSW Industrials by 60.5% in the fourth quarter. KBC Group NV now owns 706 shares of the basic materials company’s stock worth $249,000 after purchasing an additional 266 shares during the last quarter. Blue Trust Inc. boosted its position in CSW Industrials by 25.3% in the fourth quarter. Blue Trust Inc. now owns 361 shares of the basic materials company’s stock valued at $132,000 after buying an additional 73 shares during the last quarter. Finally, Andina Capital Management LLC increased its holdings in CSW Industrials by 5.3% in the 4th quarter. Andina Capital Management LLC now owns 1,641 shares of the basic materials company’s stock worth $579,000 after buying an additional 82 shares during the period. Hedge funds and other institutional investors own 82.79% of the company’s stock.

Insider Transactions at CSW Industrials

In other news, Director Robert M. Swartz sold 200 shares of CSW Industrials stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $354.65, for a total transaction of $70,930.00. Following the transaction, the director now owns 13,719 shares in the company, valued at $4,865,443.35. The trade was a 1.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Luke Alverson sold 1,522 shares of the company’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $358.16, for a total value of $545,119.52. Following the completion of the transaction, the senior vice president now directly owns 15,634 shares in the company, valued at approximately $5,599,473.44. This trade represents a 8.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,903 shares of company stock valued at $3,777,538 over the last 90 days. 1.40% of the stock is currently owned by corporate insiders.

CSW Industrials Stock Performance

Shares of NASDAQ CSWI opened at $329.81 on Friday. The firm has a fifty day moving average of $378.25 and a 200 day moving average of $358.58. The firm has a market cap of $5.55 billion, a PE ratio of 44.81 and a beta of 0.85. CSW Industrials, Inc. has a one year low of $209.48 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 EPS for the quarter, topping the consensus estimate of $1.37 by $0.11. CSW Industrials had a return on equity of 17.07% and a net margin of 13.77%. On average, equities analysts predict that CSW Industrials, Inc. will post 8.22 EPS for the current fiscal year.

CSW Industrials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be paid a dividend of $0.24 per share. The ex-dividend date is Friday, January 31st. This represents a $0.96 annualized dividend and a yield of 0.29%. CSW Industrials’s dividend payout ratio (DPR) is presently 13.04%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CSWI shares. StockNews.com raised CSW Industrials from a “hold” rating to a “buy” rating in a research report on Friday, December 6th. The Goldman Sachs Group reduced their price target on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Wells Fargo & Company decreased their target price 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. Finally, Citigroup cut their price objective on shares of CSW Industrials from $466.00 to $404.00 and set a “neutral” rating for the company in a report on Monday, January 13th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $384.67.

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.