Moerus Capital Management LLC Sells 785 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

Moerus Capital Management LLC cut its stake in CSW Industrials, Inc. (NASDAQ:CSWI) by 9.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,780 shares of the basic materials company’s stock after selling 785 shares during the period. CSW Industrials comprises approximately 1.0% of Moerus Capital Management LLC’s holdings, making the stock its 12th largest holding. Moerus Capital Management LLC’s holdings in CSW Industrials were worth $2,745,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of CSWI. National Bank of Canada FI acquired a new position in CSW Industrials during the third quarter worth $28,000. IFP Advisors Inc grew its holdings in shares of CSW Industrials by 510.5% in the 4th quarter. IFP Advisors Inc now owns 116 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 97 shares during the last quarter. GAMMA Investing LLC increased its position in shares of CSW Industrials by 94.3% during the 4th quarter. GAMMA Investing LLC now owns 136 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 66 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in CSW Industrials during the 4th quarter valued at about $51,000. Finally, Jones Financial Companies Lllp boosted its position in CSW Industrials by 300.0% in the fourth quarter. Jones Financial Companies Lllp now owns 164 shares of the basic materials company’s stock valued at $58,000 after buying an additional 123 shares in the last quarter. Institutional investors own 82.79% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other news, EVP Don Sullivan sold 2,222 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $292.12, for a total value of $649,090.64. Following the transaction, the executive vice president now directly owns 24,853 shares in the company, valued at $7,260,058.36. This trade represents a 8.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert M. Swartz sold 200 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $321.78, for a total value of $64,356.00. Following the completion of the sale, the director now owns 13,519 shares of the company’s stock, valued at $4,350,143.82. This represents a 1.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,534 shares of company stock valued at $3,133,640 over the last ninety days. Insiders own 1.40% of the company’s stock.

CSW Industrials Stock Performance

Shares of CSWI opened at $263.79 on Friday. The firm has a market capitalization of $4.43 billion, a price-to-earnings ratio of 31.52 and a beta of 0.88. CSW Industrials, Inc. has a 52 week low of $229.49 and a 52 week high of $436.50. The business’s fifty day moving average price is $307.01 and its two-hundred day moving average price is $356.43.

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, beating the consensus estimate of $1.37 by $0.11. CSW Industrials had a return on equity of 15.72% and a net margin of 15.53%. As a group, research analysts forecast that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.36%. The ex-dividend date was Friday, January 31st. CSW Industrials’s dividend payout ratio is 11.47%.

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.