US Bancorp DE Reduces Stake in CSW Industrials, Inc. (NASDAQ:CSWI)

US Bancorp DE trimmed its stake in CSW Industrials, Inc. (NASDAQ:CSWI) by 21.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,504 shares of the basic materials company’s stock after selling 664 shares during the period. US Bancorp DE’s holdings in CSW Industrials were worth $883,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. National Bank of Canada FI purchased a new stake in CSW Industrials in the 3rd quarter valued at $28,000. IFP Advisors Inc increased its stake in CSW Industrials by 510.5% in the 4th quarter. IFP Advisors Inc now owns 116 shares of the basic materials company’s stock valued at $42,000 after buying an additional 97 shares during the period. GAMMA Investing LLC raised its position in 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 buying an additional 66 shares during the last quarter. Peterson Financial Group Inc. acquired a new stake in shares of CSW Industrials in the 3rd quarter worth $72,000. Finally, Parkside Financial Bank & Trust increased its position in CSW Industrials by 12,750.0% during the 4th 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 during the period. 82.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at CSW Industrials

In other CSW Industrials news, SVP Luke Alverson sold 1,416 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $387.15, for a total transaction of $548,204.40. Following the transaction, the senior vice president now owns 17,156 shares of the company’s stock, valued at approximately $6,641,945.40. This trade represents a 7.62 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert M. Swartz sold 200 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $307.21, for a total value of $61,442.00. Following the transaction, the director now directly owns 13,319 shares of the company’s stock, valued at approximately $4,091,729.99. The trade was a 1.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,448 shares of company stock worth $3,543,172. 1.40% of the stock is currently owned by insiders.

CSW Industrials Stock Up 0.4 %

CSWI stock opened at $301.45 on Monday. The company has a market capitalization of $5.06 billion, a PE ratio of 36.02 and a beta of 0.80. The stock’s 50 day moving average is $338.13 and its two-hundred day moving average is $361.06. CSW Industrials, Inc. has a 52-week low of $221.10 and a 52-week high of $436.50.

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, 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%. As a group, sell-side analysts anticipate that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued 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 dividend yield of 0.32%. CSW Industrials’s dividend payout ratio (DPR) is 11.47%.

Analyst Ratings Changes

CSWI has been the topic of several recent analyst reports. The Goldman Sachs Group lowered their target price 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. Citigroup decreased 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 report on Monday, January 13th. Wells Fargo & Company reduced their target price 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. StockNews.com downgraded CSW Industrials from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, Truist Financial assumed coverage on shares of CSW Industrials in a research report on Friday, February 14th. They issued a “hold” rating and a $362.00 price objective for the company. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $379.00.

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.