IFP Advisors Inc Acquires 97 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

IFP Advisors Inc lifted its holdings in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 510.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 116 shares of the basic materials company’s stock after purchasing an additional 97 shares during the period. IFP Advisors Inc’s holdings in CSW Industrials were worth $42,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. National Bank of Canada FI bought a new stake in shares of CSW Industrials during the third quarter worth $28,000. GAMMA Investing LLC grew its holdings in shares of CSW Industrials by 94.3% during the fourth quarter. GAMMA Investing LLC now owns 136 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 66 shares during the last quarter. Peterson Financial Group Inc. bought a new stake in shares of CSW Industrials during the third quarter worth $72,000. Nisa Investment Advisors LLC grew its holdings in shares of CSW Industrials by 508.8% during the third quarter. Nisa Investment Advisors LLC now owns 207 shares of the basic materials company’s stock worth $76,000 after purchasing an additional 173 shares during the last quarter. Finally, Covestor Ltd boosted its holdings in CSW Industrials by 17.4% in the third quarter. Covestor Ltd now owns 263 shares of the basic materials company’s stock valued at $96,000 after acquiring an additional 39 shares during the last quarter. Institutional investors own 82.79% of the company’s stock.

CSW Industrials Trading Down 1.4 %

NASDAQ:CSWI opened at $300.13 on Friday. CSW Industrials, Inc. has a 1-year low of $221.10 and a 1-year high of $436.50. The business’s 50-day moving average price is $339.24 and its two-hundred day moving average price is $360.45. The firm has a market capitalization of $5.04 billion, a price-to-earnings ratio of 35.86 and a beta of 0.84.

CSW Industrials (NASDAQ:CSWI) last released its earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share 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%. Sell-side analysts predict that CSW Industrials, Inc. will post 8.49 earnings per share 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 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date of this dividend was Friday, January 31st. CSW Industrials’s dividend payout ratio is currently 11.47%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CSWI. Wells Fargo & Company decreased 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. The Goldman Sachs Group decreased 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. Truist Financial began coverage on CSW Industrials in a report on Friday, February 14th. They issued a “hold” rating and a $362.00 price target on the stock. StockNews.com cut CSW Industrials from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Finally, Citigroup decreased their price target on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a report on Monday, January 13th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $379.00.

Insider Transactions at CSW Industrials

In other news, CFO James E. Perry sold 145 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $307.77, for a total transaction of $44,626.65. Following the sale, the chief financial officer now owns 23,282 shares of the company’s stock, valued at $7,165,501.14. This trade represents a 0.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert M. Swartz sold 200 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $354.65, for a total value of $70,930.00. Following the sale, the director now directly owns 13,719 shares in the company, valued at approximately $4,865,443.35. This represents a 1.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,448 shares of company stock valued at $3,543,172 over the last 90 days. 1.40% of the stock is owned by company insiders.

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.