Blue Trust Inc. Purchases 73 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

Blue Trust Inc. boosted its position in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 25.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 361 shares of the basic materials company’s stock after purchasing an additional 73 shares during the quarter. Blue Trust Inc.’s holdings in CSW Industrials were worth $132,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. State Street Corp grew its position in shares of CSW Industrials by 71.7% during the 3rd quarter. State Street Corp now owns 612,696 shares of the basic materials company’s stock worth $224,486,000 after buying an additional 255,849 shares during the period. Riverbridge Partners LLC acquired a new stake in CSW Industrials during the 4th quarter worth $42,202,000. Principal Financial Group Inc. grew its holdings in CSW Industrials by 1,046.2% during the 3rd quarter. Principal Financial Group Inc. now owns 84,991 shares of the basic materials company’s stock worth $31,140,000 after acquiring an additional 77,576 shares during the period. Loomis Sayles & Co. L P bought a new stake in shares of CSW Industrials during the 3rd quarter valued at $25,589,000. Finally, Franklin Resources Inc. lifted its stake in shares of CSW Industrials by 2,006.7% in the 3rd quarter. Franklin Resources Inc. now owns 57,617 shares of the basic materials company’s stock valued at $22,702,000 after purchasing an additional 54,882 shares during the period. 82.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at CSW Industrials

In related news, Director Robert M. Swartz sold 200 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were 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 directly owns 13,719 shares of the company’s stock, valued at approximately $4,865,443.35. This represents a 1.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Don Sullivan sold 1,965 shares of CSW Industrials stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $387.15, for a total value of $760,749.75. Following the completion of the sale, the executive vice president now directly owns 30,804 shares in the company, valued at $11,925,768.60. This represents a 6.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,103 shares of company stock valued at $3,841,894 over the last quarter. Corporate insiders own 1.40% of the company’s stock.

CSW Industrials Trading Up 1.6 %

CSWI stock opened at $325.05 on Thursday. CSW Industrials, Inc. has a 1-year low of $217.60 and a 1-year high of $436.50. The firm has a market cap of $5.45 billion, a PE ratio of 38.84 and a beta of 0.84. The business’s 50-day moving average price is $372.14 and its two-hundred day moving average price is $359.71.

CSW Industrials (NASDAQ:CSWI) last released its quarterly earnings data 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%. On average, analysts forecast that CSW Industrials, Inc. will post 8.22 earnings per share for the current year.

CSW Industrials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.30%. The ex-dividend date of this dividend is Friday, January 31st. CSW Industrials’s dividend payout ratio (DPR) is presently 11.47%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CSWI. Wells Fargo & Company decreased 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. The Goldman Sachs Group decreased their target price on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. StockNews.com downgraded shares of CSW Industrials from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Citigroup decreased their price objective on shares of CSW Industrials from $466.00 to $404.00 and set a “neutral” rating for the company in a report on Monday, January 13th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, CSW Industrials has an average rating of “Hold” and an average price target of $384.67.

CSW Industrials 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.