Pacer Advisors Inc. Acquires 233 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

Pacer Advisors Inc. grew its stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 24.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,197 shares of the basic materials company’s stock after buying an additional 233 shares during the quarter. Pacer Advisors Inc.’s holdings in CSW Industrials were worth $422,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

In other CSW Industrials news, Director Robert M. Swartz sold 200 shares of CSW Industrials 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 transaction, the director now directly owns 13,519 shares of the company’s stock, valued at approximately $4,350,143.82. The trade was a 1.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Luke Alverson sold 1,522 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $358.16, for a total transaction of $545,119.52. Following the sale, the senior vice president now owns 15,634 shares in the company, valued at approximately $5,599,473.44. The trade was a 8.87 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,103 shares of company stock valued at $3,841,894. 1.40% of the stock is currently owned by corporate insiders.

CSW Industrials Price Performance

NASDAQ:CSWI opened at $319.85 on Wednesday. The firm’s 50-day moving average price is $373.98 and its 200-day moving average price is $359.95. The company has a market capitalization of $5.37 billion, a PE ratio of 38.21 and a beta of 0.84. CSW Industrials, Inc. has a 1-year low of $216.61 and a 1-year high of $436.50.

CSW Industrials (NASDAQ:CSWI) last announced its earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share for the quarter, beating 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%. Equities analysts anticipate that CSW Industrials, Inc. will post 8.22 EPS for the current fiscal year.

CSW Industrials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date is Friday, January 31st. CSW Industrials’s payout ratio is 11.47%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group reduced their target price 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 shares of CSW Industrials from a “buy” rating to a “hold” rating in a report on Monday. Citigroup cut their target price on shares of CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th. Finally, Wells Fargo & Company decreased their price target 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. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $384.67.

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.