CSW Industrials, Inc. (NASDAQ:CSWI) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its holdings in CSW Industrials, Inc. (NASDAQ:CSWI) by 13.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,236 shares of the basic materials company’s stock after selling 1,134 shares during the quarter. Victory Capital Management Inc.’s holdings in CSW Industrials were worth $2,553,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. National Bank of Canada FI acquired a new position in CSW Industrials in the 3rd quarter worth about $28,000. IFP Advisors Inc raised its holdings in CSW Industrials by 510.5% in the 4th quarter. IFP Advisors Inc now owns 116 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 97 shares during the period. GAMMA Investing LLC raised its holdings in CSW Industrials by 94.3% in the 4th 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 period. SBI Securities Co. Ltd. acquired a new position in CSW Industrials in the 4th quarter worth about $51,000. Finally, Jones Financial Companies Lllp raised its holdings in CSW Industrials by 300.0% in the 4th quarter. Jones Financial Companies Lllp now owns 164 shares of the basic materials company’s stock worth $58,000 after purchasing an additional 123 shares during the period. Institutional investors and hedge funds own 82.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CSWI shares. StockNews.com cut CSW Industrials from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. 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 objective for the company. The Goldman Sachs Group cut their price objective on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Citigroup cut their price objective on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating for the company in a research note on Monday, January 13th. Finally, Wells Fargo & Company cut their price objective on 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. Five 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 company has a consensus rating of “Hold” and a consensus target price of $379.00.

Insider Activity

In related news, SVP Luke Alverson sold 1,522 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $358.16, for a total value of $545,119.52. Following the completion of the transaction, the senior vice president now directly owns 15,634 shares in the company, valued at approximately $5,599,473.44. This represents a 8.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert M. Swartz sold 200 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $354.65, for a total value of $70,930.00. Following the completion of the transaction, the director now owns 13,719 shares of the company’s stock, valued at $4,865,443.35. The trade was a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,067 shares of company stock worth $1,844,438 over the last ninety days. Corporate insiders own 1.40% of the company’s stock.

CSW Industrials Trading Up 2.6 %

NASDAQ:CSWI opened at $291.01 on Monday. The stock has a 50 day moving average of $331.80 and a two-hundred day moving average of $359.91. The firm has a market cap of $4.88 billion, a P/E ratio of 34.77 and a beta of 0.80. CSW Industrials, Inc. has a 12 month low of $221.10 and a 12 month high of $436.50.

CSW Industrials (NASDAQ:CSWI) last posted its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 forecast that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a $0.24 dividend. The ex-dividend date was Friday, January 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.33%. CSW Industrials’s dividend payout ratio (DPR) is presently 11.47%.

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.