Mutual of America Capital Management LLC Has $899,000 Stake in CSW Industrials, Inc. (NASDAQ:CSWI)

Mutual of America Capital Management LLC raised its position in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 1.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,547 shares of the basic materials company’s stock after purchasing an additional 46 shares during the quarter. Mutual of America Capital Management LLC’s holdings in CSW Industrials were worth $899,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. National Bank of Canada FI purchased a new position in shares of CSW Industrials during the third quarter valued at $28,000. IFP Advisors Inc grew its stake in CSW Industrials by 510.5% during the 4th quarter. IFP Advisors Inc now owns 116 shares of the basic materials company’s stock valued at $42,000 after acquiring an additional 97 shares in the last quarter. GAMMA Investing LLC grew its stake in CSW Industrials by 94.3% during the 4th quarter. GAMMA Investing LLC now owns 136 shares of the basic materials company’s stock valued at $48,000 after acquiring an additional 66 shares in the last quarter. Peterson Financial Group Inc. acquired a new position in shares of CSW Industrials in the 3rd quarter valued at about $72,000. Finally, Parkside Financial Bank & Trust lifted its position in shares of CSW Industrials by 12,750.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 257 shares of the basic materials company’s stock worth $91,000 after purchasing an additional 255 shares in the last quarter. Hedge funds and other institutional investors own 82.79% of the company’s stock.

CSW Industrials Trading Up 0.4 %

CSW Industrials stock opened at $301.45 on Monday. CSW Industrials, Inc. has a 1-year low of $221.10 and a 1-year high of $436.50. The firm’s fifty day simple moving average is $338.13 and its 200-day simple moving average is $361.06. The company has a market capitalization of $5.06 billion, a P/E ratio of 36.02 and a beta of 0.80.

CSW Industrials (NASDAQ:CSWI) last posted its earnings results on Thursday, January 30th. The basic materials company reported $1.48 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, equities research 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 disclosed 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 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 payout ratio is 11.47%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CSWI shares. The Goldman Sachs Group lowered their price objective on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Wells Fargo & Company lowered their price target on shares of CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. StockNews.com lowered CSW Industrials from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Citigroup lowered their target price on 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, 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 for the company. Five equities research 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, the company presently has an average rating of “Hold” and an average target price of $379.00.

Insider Buying and Selling

In other news, CFO James E. Perry sold 145 shares of CSW Industrials stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $307.77, for a total value of $44,626.65. Following the transaction, 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 can be accessed through this hyperlink. Also, CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $389.78, for a total transaction of $389,780.00. Following the sale, the chief executive officer now directly 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 9,448 shares of company stock worth $3,543,172. 1.40% of the stock is currently owned by insiders.

About CSW Industrials

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.