Sanctuary Advisors LLC Has $861,000 Holdings in CSW Industrials, Inc. (NASDAQ:CSWI)

Sanctuary Advisors LLC cut its position in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 30.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,623 shares of the basic materials company’s stock after selling 1,145 shares during the period. Sanctuary Advisors LLC’s holdings in CSW Industrials were worth $861,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. National Bank of Canada FI bought a new position in CSW Industrials during the third quarter valued at approximately $28,000. GAMMA Investing LLC increased its stake in shares of 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 purchasing an additional 66 shares during the last quarter. Peterson Financial Group Inc. bought a new position in shares of CSW Industrials during the 3rd quarter valued at $72,000. Nisa Investment Advisors LLC lifted its stake in shares of CSW Industrials by 508.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 207 shares of the basic materials company’s stock valued at $76,000 after purchasing an additional 173 shares during the last quarter. Finally, Covestor Ltd lifted its stake in shares of CSW Industrials by 17.4% in the 3rd quarter. Covestor Ltd now owns 263 shares of the basic materials company’s stock valued at $96,000 after purchasing an additional 39 shares during the last quarter. 82.79% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Luke Alverson sold 1,416 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $387.15, for a total transaction of $548,204.40. Following the sale, the senior vice president now directly owns 17,156 shares in the company, valued at approximately $6,641,945.40. The trade was a 7.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert M. Swartz sold 200 shares of the firm’s stock in a transaction 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 directly owns 13,719 shares of the company’s stock, valued at approximately $4,865,443.35. This trade represents a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,103 shares of company stock worth $3,437,104 in the last ninety days. Insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on CSWI shares. Citigroup cut their target price on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a report on Monday, January 13th. Truist Financial began coverage on CSW Industrials in a research note on Friday, February 14th. They issued a “hold” rating and a $362.00 price objective on the stock. StockNews.com cut CSW Industrials from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Wells Fargo & Company lowered their price target 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. Finally, The Goldman Sachs Group reduced their price objective on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, CSW Industrials has a consensus rating of “Hold” and an average target price of $379.00.

CSW Industrials Stock Down 2.4 %

Shares of NASDAQ:CSWI opened at $297.96 on Friday. The company has a market cap of $5.00 billion, a price-to-earnings ratio of 35.60 and a beta of 0.84. The business has a 50 day moving average price of $346.14 and a 200 day moving average price of $361.03. CSW Industrials, Inc. has a twelve month low of $221.10 and a twelve month high of $436.50.

CSW Industrials (NASDAQ:CSWI) last issued its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.48 EPS for the quarter, topping 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%. Analysts anticipate that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date was Friday, January 31st. CSW Industrials’s dividend payout ratio (DPR) is presently 11.47%.

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.