Van ECK Associates Corp Acquires New Stake in CSW Industrials, Inc. (NASDAQ:CSWI)

Van ECK Associates Corp acquired a new stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 13,830 shares of the basic materials company’s stock, valued at approximately $4,879,000. Van ECK Associates Corp owned 0.08% of CSW Industrials as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Creative Planning raised its position in CSW Industrials by 38.2% during the third quarter. Creative Planning now owns 7,387 shares of the basic materials company’s stock valued at $2,707,000 after purchasing an additional 2,041 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in shares of CSW Industrials in the third quarter worth about $30,000. Blue Trust Inc. increased its holdings in CSW Industrials by 2,518.2% during the 3rd quarter. Blue Trust Inc. now owns 288 shares of the basic materials company’s stock valued at $106,000 after purchasing an additional 277 shares during the period. Everence Capital Management Inc. purchased a new position in CSW Industrials during the 3rd quarter valued at about $443,000. Finally, Sequoia Financial Advisors LLC purchased a new position in CSW Industrials during the 3rd quarter valued at about $1,129,000. Institutional investors own 82.79% of the company’s stock.

CSW Industrials Trading Up 0.4 %

CSWI stock opened at $319.48 on Wednesday. The stock has a market capitalization of $5.36 billion, a PE ratio of 38.17 and a beta of 0.84. CSW Industrials, Inc. has a 12-month low of $221.10 and a 12-month high of $436.50. The stock’s 50 day simple moving average is $357.30 and its 200 day simple moving average is $361.25.

CSW Industrials (NASDAQ:CSWI) last released its quarterly earnings data 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%. On average, research analysts predict that CSW Industrials, Inc. will post 8.59 earnings per share for the current year.

CSW Industrials Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. StockNews.com downgraded CSW Industrials from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. The Goldman Sachs Group reduced their price target on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Wells Fargo & Company reduced their price target on CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Citigroup cut their price objective on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. Finally, Truist Financial initiated coverage on CSW Industrials in a research report on Friday, February 14th. They set a “hold” rating and a $362.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $379.00.

Insider Buying and Selling at CSW Industrials

In other CSW Industrials news, SVP Luke Alverson sold 1,416 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 transaction of $548,204.40. Following the completion of the sale, the senior vice president now directly owns 17,156 shares in the company, valued at approximately $6,641,945.40. The trade was a 7.62 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Joseph B. Armes sold 1,000 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $389.78, for a total transaction of $389,780.00. Following the sale, the chief executive officer now owns 49,698 shares of the company’s stock, valued at approximately $19,371,286.44. This represents a 1.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,103 shares of company stock worth $3,437,104. 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.