CSW Industrials, Inc. (NASDAQ:CSWI) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its holdings in CSW Industrials, Inc. (NASDAQ:CSWI) by 4.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 175,131 shares of the basic materials company’s stock after buying an additional 6,762 shares during the period. Charles Schwab Investment Management Inc. owned 1.04% of CSW Industrials worth $61,786,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in CSWI. State Street Corp boosted its position in shares of CSW Industrials by 71.7% in the third quarter. State Street Corp now owns 612,696 shares of the basic materials company’s stock worth $224,486,000 after acquiring an additional 255,849 shares during the last quarter. Proficio Capital Partners LLC raised its stake in CSW Industrials by 35,553.3% during the fourth quarter. Proficio Capital Partners LLC now owns 202,154 shares of the basic materials company’s stock worth $71,320,000 after purchasing an additional 201,587 shares during the period. Riverbridge Partners LLC purchased a new position in CSW Industrials during the fourth quarter worth approximately $42,202,000. Principal Financial Group Inc. boosted its holdings in shares of CSW Industrials by 1,046.2% in the 3rd quarter. Principal Financial Group Inc. now owns 84,991 shares of the basic materials company’s stock valued at $31,140,000 after purchasing an additional 77,576 shares during the last quarter. Finally, Loomis Sayles & Co. L P purchased a new stake in shares of CSW Industrials during the 3rd quarter valued at $25,589,000. 82.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CSWI. 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. The Goldman Sachs Group cut their price objective on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Truist Financial assumed coverage on shares of CSW Industrials in a research report on Friday, February 14th. They set a “hold” rating and a $362.00 target price for the company. 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 research note on Monday, January 13th. Finally, StockNews.com lowered shares of CSW Industrials from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, CSW Industrials has an average rating of “Hold” and an average target price of $379.00.

Insider Activity

In related news, CFO James E. Perry sold 145 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $307.77, for a total value of $44,626.65. Following the sale, the chief financial officer now directly owns 23,282 shares of the company’s stock, valued at $7,165,501.14. This represents a 0.62 % 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, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $389.78, for a total transaction of $389,780.00. Following the transaction, the chief executive officer now directly owns 49,698 shares of the company’s stock, valued at approximately $19,371,286.44. This represents a 1.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,448 shares of company stock worth $3,543,172 over the last ninety days. Corporate insiders own 1.40% of the company’s stock.

CSW Industrials Stock Performance

CSW Industrials stock opened at $291.40 on Thursday. The firm has a market capitalization of $4.89 billion, a PE ratio of 34.81 and a beta of 0.80. CSW Industrials, Inc. has a one year low of $221.10 and a one year high of $436.50. The stock’s 50 day moving average price is $334.49 and its 200 day moving average price is $360.22.

CSW Industrials (NASDAQ:CSWI) last posted its 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 net margin of 15.53% and a return on equity of 15.72%. On average, analysts forecast that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a $0.24 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $0.96 dividend on an annualized basis and a yield of 0.33%. CSW Industrials’s payout ratio is currently 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.