MGB Wealth Management LLC Has $489,000 Stake in CSW Industrials, Inc. (NASDAQ:CSWI)

MGB Wealth Management LLC grew its position in CSW Industrials, Inc. (NASDAQ:CSWI) by 4.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,386 shares of the basic materials company’s stock after acquiring an additional 61 shares during the period. MGB Wealth Management LLC’s holdings in CSW Industrials were worth $489,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in CSWI. GAMMA Investing LLC lifted its holdings in CSW Industrials by 105.9% during the 3rd quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company’s stock worth $26,000 after buying an additional 36 shares in the last quarter. National Bank of Canada FI bought a new position in CSW Industrials during the third quarter worth about $28,000. V Square Quantitative Management LLC acquired a new position in shares of CSW Industrials during the 3rd quarter worth about $30,000. Peterson Financial Group Inc. acquired a new stake in shares of CSW Industrials in the 3rd quarter valued at approximately $72,000. Finally, Nisa Investment Advisors LLC raised its position in shares of CSW Industrials by 508.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 207 shares of the basic materials company’s stock valued at $76,000 after acquiring an additional 173 shares during the period. 82.79% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, SVP Luke Alverson sold 1,416 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $387.15, for a total transaction of $548,204.40. Following the completion of the transaction, the senior vice president now owns 17,156 shares in the company, valued at approximately $6,641,945.40. This represents a 7.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert M. Swartz sold 200 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $354.65, for a total transaction of $70,930.00. Following the completion of the transaction, the director now directly owns 13,719 shares of the company’s stock, valued at approximately $4,865,443.35. This trade represents a 1.44 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,103 shares of company stock worth $3,841,894. 1.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on CSWI. Wells Fargo & Company lowered their target price on shares of 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. The Goldman Sachs Group dropped their price objective 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. StockNews.com lowered CSW Industrials from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Finally, Citigroup lowered 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. Four investment 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 a consensus rating of “Hold” and an average target price of $384.67.

CSW Industrials Stock Down 3.0 %

CSW Industrials stock opened at $314.75 on Thursday. The company has a 50 day moving average of $364.72 and a 200-day moving average of $361.04. CSW Industrials, Inc. has a twelve month low of $218.03 and a twelve month high of $436.50. The stock has a market capitalization of $5.28 billion, a PE ratio of 37.60 and a beta of 0.84.

CSW Industrials (NASDAQ:CSWI) last posted 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%. Equities analysts anticipate that CSW Industrials, Inc. will post 8.59 EPS for the current fiscal year.

CSW Industrials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be given a dividend of $0.24 per share. The ex-dividend date is Friday, January 31st. This represents a $0.96 annualized dividend and a dividend yield of 0.31%. CSW Industrials’s dividend payout ratio is currently 11.47%.

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.