Illinois Municipal Retirement Fund Makes New Investment in CSW Industrials, Inc. (NASDAQ:CSWI)

Illinois Municipal Retirement Fund acquired a new stake in CSW Industrials, Inc. (NASDAQ:CSWI) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 9,302 shares of the basic materials company’s stock, valued at approximately $3,282,000.

Other hedge funds have also modified their holdings of the company. Geode Capital Management LLC raised its position in CSW Industrials by 7.4% in the 3rd quarter. Geode Capital Management LLC now owns 388,954 shares of the basic materials company’s stock valued at $142,536,000 after purchasing an additional 26,728 shares during the last quarter. Mutual of America Capital Management LLC acquired a new position in CSW Industrials in the third quarter valued at $916,000. Charles Schwab Investment Management Inc. raised its holdings in shares of CSW Industrials by 13.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 168,369 shares of the basic materials company’s stock valued at $61,689,000 after buying an additional 19,659 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of CSW Industrials by 40.3% during the third quarter. Thrivent Financial for Lutherans now owns 28,423 shares of the basic materials company’s stock worth $10,414,000 after buying an additional 8,161 shares during the period. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of CSW Industrials by 8.5% during the third quarter. The Manufacturers Life Insurance Company now owns 9,503 shares of the basic materials company’s stock worth $3,482,000 after buying an additional 744 shares during the last quarter. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

CSW Industrials Price Performance

CSWI opened at $305.27 on Thursday. CSW Industrials, Inc. has a 12 month low of $221.10 and a 12 month high of $436.50. The stock has a market capitalization of $5.12 billion, a P/E ratio of 36.47 and a beta of 0.84. The business has a 50 day simple moving average of $347.25 and a 200-day simple moving average of $361.42.

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

CSW Industrials Announces Dividend

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

Insider Buying and Selling

In other news, 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 value of $389,780.00. Following the completion of the transaction, the chief executive officer now owns 49,698 shares in the company, valued at $19,371,286.44. This trade represents a 1.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Don Sullivan sold 1,965 shares of CSW Industrials stock in a transaction on Monday, December 16th. The stock was sold at an average price of $387.15, for a total value of $760,749.75. Following the transaction, the executive vice president now directly owns 30,804 shares of the company’s stock, valued at $11,925,768.60. This trade represents a 6.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,103 shares of company stock valued at $3,437,104. Corporate insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

CSWI has been the subject of several analyst reports. Wells Fargo & Company reduced 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. StockNews.com lowered CSW Industrials from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. The Goldman Sachs Group decreased their price target on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating for the company 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 issued a “hold” rating and a $362.00 price objective on the stock. Finally, Citigroup cut 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 report on Monday, January 13th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $379.00.

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.