Avantax Advisory Services Inc. Grows Stake in CSW Industrials, Inc. (NASDAQ:CSWI)

Avantax Advisory Services Inc. raised its holdings in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 5.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 826 shares of the basic materials company’s stock after acquiring an additional 46 shares during the period. Avantax Advisory Services Inc.’s holdings in CSW Industrials were worth $291,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Anchor Investment Management LLC raised its position in shares of CSW Industrials by 2.5% during the 3rd quarter. Anchor Investment Management LLC now owns 1,287 shares of the basic materials company’s stock worth $472,000 after purchasing an additional 32 shares during the last quarter. Atria Investments Inc raised its stake in shares of CSW Industrials by 1.4% in the fourth quarter. Atria Investments Inc now owns 2,367 shares of the basic materials company’s stock valued at $835,000 after acquiring an additional 32 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in CSW Industrials by 0.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,934 shares of the basic materials company’s stock valued at $1,388,000 after purchasing an additional 34 shares during the period. Morse Asset Management Inc boosted its holdings in CSW Industrials by 2.3% in the third quarter. Morse Asset Management Inc now owns 1,621 shares of the basic materials company’s stock valued at $594,000 after purchasing an additional 36 shares during the period. Finally, OLD National Bancorp IN grew its stake in CSW Industrials by 3.9% during the 4th quarter. OLD National Bancorp IN now owns 982 shares of the basic materials company’s stock worth $346,000 after purchasing an additional 37 shares in the last quarter. Institutional investors and hedge funds own 82.79% of the company’s stock.

CSW Industrials Stock Performance

CSWI stock opened at $306.80 on Wednesday. CSW Industrials, Inc. has a 1 year low of $225.83 and a 1 year high of $436.50. The firm has a market cap of $5.15 billion, a P/E ratio of 36.65 and a beta of 0.80. The stock’s 50 day moving average price is $322.40 and its 200 day moving average price is $358.86.

CSW Industrials (NASDAQ:CSWI) last posted its quarterly earnings data 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%. On average, research analysts predict that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $0.96 annualized dividend and a dividend yield of 0.31%. CSW Industrials’s dividend payout ratio is presently 11.47%.

Insider Transactions at CSW Industrials

In other news, EVP Don Sullivan sold 2,222 shares of the firm’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $292.12, for a total value of $649,090.64. Following the transaction, the executive vice president now owns 24,853 shares of the company’s stock, valued at approximately $7,260,058.36. This trade represents a 8.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $289.97, for a total transaction of $289,970.00. Following the sale, the chief executive officer now directly owns 46,848 shares of the company’s stock, valued at approximately $13,584,514.56. This trade represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,389 shares of company stock worth $3,104,831 in the last ninety days. Insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. StockNews.com cut shares of CSW Industrials from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Truist Financial started 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. Citigroup dropped their target price on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. The Goldman Sachs Group lowered their target price on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Finally, Wells Fargo & Company reduced their price target on shares of CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, CSW Industrials currently has an average rating of “Hold” and an average target price of $379.00.

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.