Congress Wealth Management LLC DE Acquires 880 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

Congress Wealth Management LLC DE raised its holdings in CSW Industrials, Inc. (NASDAQ:CSWI) by 2.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 34,513 shares of the basic materials company’s stock after buying an additional 880 shares during the quarter. Congress Wealth Management LLC DE owned 0.21% of CSW Industrials worth $12,177,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of CSW Industrials by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 1,852,716 shares of the basic materials company’s stock valued at $653,638,000 after acquiring an additional 29,488 shares during the period. LPL Financial LLC raised its holdings in shares of CSW Industrials by 7.3% during the fourth quarter. LPL Financial LLC now owns 13,045 shares of the basic materials company’s stock valued at $4,602,000 after purchasing an additional 888 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of CSW Industrials during the 4th quarter worth about $1,623,000. Sei Investments Co. increased its position in CSW Industrials by 21.7% in the 4th quarter. Sei Investments Co. now owns 54,600 shares of the basic materials company’s stock valued at $19,263,000 after buying an additional 9,752 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in CSW Industrials by 4.7% during the 4th quarter. American Century Companies Inc. now owns 5,177 shares of the basic materials company’s stock worth $1,826,000 after buying an additional 233 shares during the period. 82.79% of the stock is currently owned by institutional investors.

CSW Industrials Trading Up 3.2 %

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

CSW Industrials (NASDAQ:CSWI) last released its quarterly earnings results 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 net margin of 15.53% and a return on equity of 15.72%. On average, sell-side analysts forecast that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Dividend Announcement

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

Insider Activity

In related news, EVP Don Sullivan sold 1,800 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $377.58, for a total transaction of $679,644.00. Following the completion of the sale, the executive vice president now owns 29,004 shares in the company, valued at approximately $10,951,330.32. This trade represents a 5.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $378.32, for a total transaction of $378,320.00. Following the completion of the sale, the chief executive officer now directly owns 48,848 shares in the company, valued at approximately $18,480,175.36. This represents a 2.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,389 shares of company stock valued at $3,104,831 over the last three months. Corporate insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. The Goldman Sachs Group reduced their price objective on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Truist Financial assumed coverage on shares of CSW Industrials in a research report on Friday, February 14th. They issued a “hold” rating and a $362.00 price target for the company. Citigroup lowered their price objective on shares of CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a report on Monday, January 13th. Wells Fargo & Company dropped their price objective on shares of CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Finally, StockNews.com downgraded shares of CSW Industrials from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $379.00.

CSW Industrials Company 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.