Janus Henderson Group PLC Lowers Stake in CSW Industrials, Inc. (NASDAQ:CSWI)

Janus Henderson Group PLC reduced its position in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 36.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 97,237 shares of the basic materials company’s stock after selling 55,840 shares during the quarter. Janus Henderson Group PLC owned 0.58% of CSW Industrials worth $34,307,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CSWI. Barclays PLC lifted its stake in CSW Industrials by 431.2% in the 3rd quarter. Barclays PLC now owns 29,272 shares of the basic materials company’s stock valued at $10,725,000 after buying an additional 23,761 shares in the last quarter. Principal Financial Group Inc. lifted its stake in CSW Industrials by 1,046.2% in the 3rd quarter. Principal Financial Group Inc. now owns 84,991 shares of the basic materials company’s stock valued at $31,140,000 after buying an additional 77,576 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in CSW Industrials by 20.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 67,043 shares of the basic materials company’s stock valued at $23,653,000 after buying an additional 11,417 shares in the last quarter. Park Avenue Securities LLC lifted its stake in CSW Industrials by 2.4% in the 4th quarter. Park Avenue Securities LLC now owns 2,466 shares of the basic materials company’s stock valued at $870,000 after buying an additional 58 shares in the last quarter. Finally, Argent Capital Management LLC lifted its stake in CSW Industrials by 39.3% in the 4th quarter. Argent Capital Management LLC now owns 1,406 shares of the basic materials company’s stock valued at $496,000 after buying an additional 397 shares in the last quarter. 82.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on CSWI shares. Wells Fargo & Company decreased their price target on shares of CSW Industrials from $350.00 to $295.00 and set an “equal weight” rating on the stock in a research note on Monday, April 14th. StockNews.com lowered shares of CSW Industrials from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Truist Financial began coverage on shares of CSW Industrials in a report on Friday, February 14th. They issued a “hold” rating and a $362.00 price objective for the company. Finally, Citigroup cut their price objective on shares of CSW Industrials from $364.00 to $313.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $342.50.

CSW Industrials Trading Up 0.0%

CSWI stock opened at $336.43 on Thursday. The company has a market cap of $5.65 billion, a price-to-earnings ratio of 40.19 and a beta of 0.96. CSW Industrials, Inc. has a 12 month low of $239.67 and a 12 month high of $436.50. The firm has a 50-day moving average of $297.53 and a two-hundred day moving average of $341.86.

CSW Industrials Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, April 25th were issued a $0.27 dividend. This is an increase from CSW Industrials’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Friday, April 25th. This represents a $1.08 dividend on an annualized basis and a yield of 0.32%. CSW Industrials’s dividend payout ratio is presently 12.90%.

Insider Buying and Selling at CSW Industrials

In other news, EVP Don Sullivan sold 2,222 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $292.12, for a total transaction of $649,090.64. Following the completion of the sale, the executive vice president now owns 24,853 shares in the company, valued at $7,260,058.36. This trade represents a 8.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert M. Swartz sold 200 shares of the firm’s stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $312.87, for a total transaction of $62,574.00. Following the sale, the director now owns 12,919 shares of the company’s stock, valued at $4,041,967.53. This represents a 1.52% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,776 shares of company stock worth $2,595,496. Insiders own 1.40% of the company’s stock.

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.