Pitcairn Co. Sells 350 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

Pitcairn Co. cut its holdings in CSW Industrials, Inc. (NASDAQ:CSWI) by 14.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,078 shares of the basic materials company’s stock after selling 350 shares during the quarter. Pitcairn Co.’s holdings in CSW Industrials were worth $733,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. National Bank of Canada FI purchased a new position in shares of CSW Industrials in the 3rd quarter worth $28,000. IFP Advisors Inc grew its position in CSW Industrials by 510.5% in the fourth quarter. IFP Advisors Inc now owns 116 shares of the basic materials company’s stock worth $42,000 after acquiring an additional 97 shares in the last quarter. GAMMA Investing LLC grew its position in CSW Industrials by 94.3% in the fourth quarter. GAMMA Investing LLC now owns 136 shares of the basic materials company’s stock worth $48,000 after acquiring an additional 66 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in CSW Industrials during the fourth quarter worth approximately $51,000. Finally, Jones Financial Companies Lllp raised its position in CSW Industrials by 300.0% during the fourth quarter. Jones Financial Companies Lllp now owns 164 shares of the basic materials company’s stock valued at $58,000 after purchasing an additional 123 shares during the period. Institutional investors own 82.79% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CSWI shares. Citigroup cut their target price on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. Truist Financial started coverage on shares of CSW Industrials in a research note on Friday, February 14th. They issued a “hold” rating and a $362.00 target price on the stock. The Goldman Sachs Group dropped their price target on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Wells Fargo & Company reduced 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 report on Friday, January 31st. Finally, StockNews.com lowered CSW Industrials from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, CSW Industrials has a consensus rating of “Hold” and a consensus price target of $379.00.

CSW Industrials Price Performance

CSWI stock opened at $263.79 on Friday. CSW Industrials, Inc. has a 12 month low of $229.49 and a 12 month high of $436.50. The firm’s 50-day moving average is $307.01 and its 200 day moving average is $356.34. The company has a market capitalization of $4.43 billion, a PE ratio of 31.52 and a beta of 0.88.

CSW Industrials (NASDAQ:CSWI) last issued its earnings results on Thursday, January 30th. The basic materials company reported $1.48 EPS for the quarter, topping 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%. Sell-side analysts forecast that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.36%. The ex-dividend date of this dividend was Friday, January 31st. CSW Industrials’s dividend payout ratio is 11.47%.

Insider Transactions at CSW Industrials

In other CSW Industrials news, Director Robert M. Swartz sold 200 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $289.10, for a total transaction of $57,820.00. Following the transaction, the director now directly owns 13,119 shares in the company, valued at $3,792,702.90. This represents a 1.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Luke Alverson sold 1,522 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $358.16, for a total transaction of $545,119.52. Following the completion of the sale, the senior vice president now directly owns 15,634 shares of the company’s stock, valued at $5,599,473.44. The trade was a 8.87 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,534 shares of company stock valued at $3,133,640. 1.40% of the stock is currently owned by corporate insiders.

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.