Norden Group LLC Has $219,000 Position in CSW Industrials, Inc. (NASDAQ:CSWI)

Norden Group LLC raised its stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 11.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 622 shares of the basic materials company’s stock after purchasing an additional 64 shares during the period. Norden Group LLC’s holdings in CSW Industrials were worth $219,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Anchor Investment Management LLC boosted its holdings in CSW Industrials by 2.5% during the third quarter. Anchor Investment Management LLC now owns 1,287 shares of the basic materials company’s stock valued at $472,000 after acquiring an additional 32 shares during the period. Oregon Public Employees Retirement Fund lifted its position in shares of CSW Industrials by 0.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,934 shares of the basic materials company’s stock worth $1,388,000 after purchasing an additional 34 shares during the last quarter. Morse Asset Management Inc boosted its stake in CSW Industrials by 2.3% during the 3rd quarter. Morse Asset Management Inc now owns 1,621 shares of the basic materials company’s stock valued at $594,000 after purchasing an additional 36 shares during the period. OLD National Bancorp IN grew its holdings in CSW Industrials by 3.9% in the 4th quarter. OLD National Bancorp IN now owns 982 shares of the basic materials company’s stock valued at $346,000 after buying an additional 37 shares during the last quarter. Finally, Covestor Ltd increased its position in CSW Industrials by 17.4% in the 3rd quarter. Covestor Ltd now owns 263 shares of the basic materials company’s stock worth $96,000 after buying an additional 39 shares during the period. Institutional investors own 82.79% of the company’s stock.

Wall Street Analyst Weigh In

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

CSW Industrials Stock Performance

Shares of CSWI stock opened at $301.81 on Wednesday. The firm has a fifty day moving average of $341.64 and a 200-day moving average of $361.27. The stock has a market cap of $5.07 billion, a price-to-earnings ratio of 36.06 and a beta of 0.84. CSW Industrials, Inc. has a 52-week low of $221.10 and a 52-week high of $436.50.

CSW Industrials (NASDAQ:CSWI) last posted its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share (EPS) for the quarter, topping 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%. On average, sell-side analysts predict that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Dividend Announcement

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

Insider Buying and Selling at CSW Industrials

In other news, EVP Don Sullivan sold 1,965 shares of the business’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 $760,749.75. Following the sale, the executive vice president now owns 30,804 shares in the company, valued at approximately $11,925,768.60. The trade was a 6.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Luke Alverson sold 1,416 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $387.15, for a total transaction of $548,204.40. Following the sale, the senior vice president now owns 17,156 shares of the company’s stock, valued at $6,641,945.40. This trade represents a 7.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,448 shares of company stock worth $3,543,172 over the last three months. Company 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.