WCM Investment Management LLC Has $23.58 Million Position in CSW Industrials, Inc. (NASDAQ:CSWI)

WCM Investment Management LLC cut its holdings in CSW Industrials, Inc. (NASDAQ:CSWI) by 16.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 66,605 shares of the basic materials company’s stock after selling 12,948 shares during the period. WCM Investment Management LLC’s holdings in CSW Industrials were worth $23,576,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Truist Financial Corp bought a new position in CSW Industrials in the 2nd quarter worth approximately $203,000. Sanctuary Advisors LLC bought a new position in CSW Industrials during the second quarter worth $631,000. GAMMA Investing LLC increased its position in CSW Industrials by 105.9% during the third quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 36 shares during the period. Creative Planning raised its stake in CSW Industrials by 38.2% during the 3rd quarter. Creative Planning now owns 7,387 shares of the basic materials company’s stock valued at $2,707,000 after purchasing an additional 2,041 shares during the last quarter. Finally, V Square Quantitative Management LLC bought a new stake in CSW Industrials in the 3rd quarter valued at $30,000. Institutional investors and hedge funds own 82.79% of the company’s stock.

CSW Industrials Stock Down 0.9 %

NASDAQ CSWI opened at $325.19 on Friday. CSW Industrials, Inc. has a twelve month low of $218.03 and a twelve month high of $436.50. The stock has a market cap of $5.46 billion, a P/E ratio of 38.85 and a beta of 0.84. The company’s 50-day simple moving average is $368.41 and its 200 day simple moving average is $359.71.

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, beating 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%. Research analysts anticipate that CSW Industrials, Inc. will post 8.59 earnings per share for the current year.

CSW Industrials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date is Friday, January 31st. CSW Industrials’s dividend payout ratio (DPR) is 11.47%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CSWI. StockNews.com downgraded shares of CSW Industrials from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Citigroup cut their price target on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating for the company in a report on Monday, January 13th. Wells Fargo & Company reduced their price objective on CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Finally, The Goldman Sachs Group lowered their price objective on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, CSW Industrials currently has a consensus rating of “Hold” and a consensus target price of $384.67.

Insiders Place Their Bets

In other news, CEO Joseph B. Armes sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $404.79, for a total value of $404,790.00. Following the transaction, the chief executive officer now directly owns 50,698 shares of the company’s stock, valued at $20,522,043.42. The trade was a 1.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Luke Alverson sold 1,416 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $387.15, for a total value of $548,204.40. Following the sale, the senior vice president now directly owns 17,156 shares of the company’s stock, valued at $6,641,945.40. This represents a 7.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,103 shares of company stock worth $3,841,894 over the last three months. 1.40% of the stock is currently owned by corporate 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.