CSW Industrials, Inc. (NASDAQ:CSWI) Shares Sold by Congress Asset Management Co.

Congress Asset Management Co. decreased its holdings in CSW Industrials, Inc. (NASDAQ:CSWI) by 0.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 205,871 shares of the basic materials company’s stock after selling 324 shares during the quarter. Congress Asset Management Co. owned 1.23% of CSW Industrials worth $60,016,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CSWI. IFP Advisors Inc raised its holdings in shares of CSW Industrials by 510.5% during the fourth quarter. IFP Advisors Inc now owns 116 shares of the basic materials company’s stock valued at $42,000 after acquiring an additional 97 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of CSW Industrials by 526.3% during the first quarter. Versant Capital Management Inc now owns 119 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 100 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of CSW Industrials during the fourth quarter valued at approximately $51,000. Jones Financial Companies Lllp raised its holdings in shares of CSW Industrials by 300.0% during the fourth quarter. Jones Financial Companies Lllp now owns 164 shares of the basic materials company’s stock valued at $58,000 after acquiring an additional 123 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its holdings in shares of CSW Industrials by 49.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 231 shares of the basic materials company’s stock valued at $83,000 after acquiring an additional 76 shares during the last quarter. Institutional investors and hedge funds own 82.79% of the company’s stock.

CSW Industrials Stock Performance

Shares of CSW Industrials stock opened at $305.10 on Friday. The firm has a market capitalization of $5.13 billion, a price-to-earnings ratio of 36.45 and a beta of 0.92. CSW Industrials, Inc. has a fifty-two week low of $249.84 and a fifty-two week high of $436.50. The stock has a 50 day moving average of $304.09 and a 200 day moving average of $332.22.

CSW Industrials (NASDAQ:CSWI) last released its quarterly earnings results on Thursday, May 22nd. The basic materials company reported $2.24 EPS for the quarter, topping the consensus estimate of $2.23 by $0.01. The business had revenue of $230.55 million during the quarter, compared to analyst estimates of $232.82 million. CSW Industrials had a return on equity of 15.72% and a net margin of 15.53%. During the same period last year, the business posted $2.04 earnings per share. Analysts forecast that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, April 25th were paid a $0.27 dividend. The ex-dividend date was Friday, April 25th. This is a boost from CSW Industrials’s previous quarterly dividend of $0.24. This represents a $1.08 dividend on an annualized basis and a yield of 0.35%. CSW Industrials’s dividend payout ratio (DPR) is currently 12.84%.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Citigroup increased their target price on CSW Industrials from $313.00 to $321.00 and gave the company a “neutral” rating in a report on Friday, May 23rd. Wells Fargo & Company upped their price target on CSW Industrials from $295.00 to $305.00 and gave the company an “equal weight” rating in a research report on Friday, May 23rd. Finally, Truist Financial assumed coverage on CSW Industrials in a research report on Friday, February 14th. They issued a “hold” rating and a $362.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $347.00.

Insiders Place Their Bets

In other news, EVP James E. Perry sold 145 shares of the company’s stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $304.00, for a total transaction of $44,080.00. Following the completion of the sale, the executive vice president now owns 25,468 shares in the company, valued at $7,742,272. This represents a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robert M. Swartz sold 200 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $289.10, for a total value of $57,820.00. Following the completion of the transaction, the director now owns 13,119 shares of the company’s stock, valued at $3,792,702.90. The trade was a 1.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,195 shares of company stock valued at $3,682,939 over the last quarter. Company insiders own 1.40% of the company’s stock.

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.