Handelsbanken Fonder AB Increases Stock Position in CSW Industrials, Inc. (NASDAQ:CSWI)

Handelsbanken Fonder AB boosted its stake in CSW Industrials, Inc. (NASDAQ:CSWI) by 11.0% in the 4th quarter, Holdings Channel reports. The firm owned 6,069 shares of the basic materials company’s stock after acquiring an additional 600 shares during the quarter. Handelsbanken Fonder AB’s holdings in CSW Industrials were worth $2,141,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Anchor Investment Management LLC increased its holdings 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 worth $472,000 after buying an additional 32 shares during the last quarter. Morse Asset Management Inc lifted its stake in shares of 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 valued at $594,000 after acquiring an additional 36 shares during the last quarter. OLD National Bancorp IN lifted its position in CSW Industrials by 3.9% in the fourth quarter. OLD National Bancorp IN now owns 982 shares of the basic materials company’s stock valued at $346,000 after purchasing an additional 37 shares during the last quarter. Covestor Ltd boosted its stake in shares of CSW Industrials by 17.4% during the third quarter. Covestor Ltd now owns 263 shares of the basic materials company’s stock valued at $96,000 after purchasing an additional 39 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in CSW Industrials by 16.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 328 shares of the basic materials company’s stock valued at $120,000 after buying an additional 46 shares during the period. 82.79% of the stock is currently owned by institutional investors.

Insider Transactions at CSW Industrials

In related news, Director Robert M. Swartz sold 200 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $321.78, for a total value of $64,356.00. Following the sale, the director now directly owns 13,519 shares of the company’s stock, valued at $4,350,143.82. This represents a 1.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Luke Alverson sold 1,522 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 15,634 shares in the company, valued at approximately $5,599,473.44. This represents a 8.87 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,103 shares of company stock worth $3,437,104. 1.40% of the stock is currently owned by company insiders.

CSW Industrials Trading Up 1.4 %

NASDAQ:CSWI opened at $303.43 on Wednesday. The stock has a 50-day moving average price of $348.78 and a 200 day moving average price of $361.43. CSW Industrials, Inc. has a 12-month low of $221.10 and a 12-month high of $436.50. The stock has a market capitalization of $5.09 billion, a P/E ratio of 36.25 and a beta of 0.84.

CSW Industrials (NASDAQ:CSWI) last released its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.48 EPS for the quarter, beating the consensus estimate 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 predict that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Announces Dividend

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

Wall Street Analyst Weigh In

CSWI has been the subject of several research analyst reports. Citigroup dropped their target price on shares of CSW Industrials from $466.00 to $404.00 and set a “neutral” rating for the company in a research report on Monday, January 13th. Truist Financial initiated coverage on shares of CSW Industrials in a report on Friday, February 14th. They set a “hold” rating and a $362.00 target price for the company. StockNews.com downgraded CSW Industrials from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Wells Fargo & Company lowered their price objective on 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. 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 research note on Tuesday, January 14th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus 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.