Envestnet Portfolio Solutions Inc. Trims Stock Holdings in CSW Industrials, Inc. (NASDAQ:CSWI)

Envestnet Portfolio Solutions Inc. cut its holdings in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 3.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,810 shares of the basic materials company’s stock after selling 57 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in CSW Industrials were worth $638,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in CSWI. National Bank of Canada FI acquired a new stake in CSW Industrials in the third quarter valued at $28,000. IFP Advisors Inc increased its position in shares of 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 last quarter. GAMMA Investing LLC lifted its position 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. SBI Securities Co. Ltd. acquired a new position in CSW Industrials in the fourth quarter worth about $51,000. Finally, Jones Financial Companies Lllp increased its holdings in CSW Industrials by 300.0% in the fourth quarter. Jones Financial Companies Lllp now owns 164 shares of the basic materials company’s stock valued at $58,000 after buying an additional 123 shares during the last quarter. 82.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $289.97, for a total value of $289,970.00. Following the completion of the transaction, the chief executive officer now directly owns 46,848 shares in the company, valued at $13,584,514.56. This trade represents a 2.09 % decrease in their ownership of the stock. The transaction 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 business’s 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 sale, the director now directly owns 13,719 shares in the company, valued at approximately $4,865,443.35. The trade was a 1.44 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,389 shares of company stock valued at $3,104,831. Company insiders own 1.40% of the company’s stock.

CSW Industrials Stock Up 3.2 %

Shares of NASDAQ:CSWI opened at $302.13 on Tuesday. The company’s 50-day moving average price is $323.69 and its 200 day moving average price is $358.71. The company has a market cap of $5.07 billion, a PE ratio of 36.10 and a beta of 0.80. CSW Industrials, Inc. has a fifty-two week low of $225.83 and a fifty-two week high of $436.50.

CSW Industrials (NASDAQ:CSWI) last released its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share 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%. As a group, equities analysts anticipate that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Dividend Announcement

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

Analyst Ratings Changes

CSWI has been the subject of several research reports. StockNews.com lowered CSW Industrials from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Truist Financial began coverage on shares of CSW Industrials in a report on Friday, February 14th. They set a “hold” rating and a $362.00 target price on the stock. The Goldman Sachs Group decreased their price target on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Wells Fargo & Company dropped their price objective on shares of CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Finally, Citigroup decreased their target price 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. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $379.00.

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.