Los Angeles Capital Management LLC Reduces Stake in CSW Industrials, Inc. (NASDAQ:CSWI)

Los Angeles Capital Management LLC cut its stake in CSW Industrials, Inc. (NASDAQ:CSWI) by 2.0% in the fourth quarter, Holdings Channel reports. The fund owned 4,443 shares of the basic materials company’s stock after selling 90 shares during the period. Los Angeles Capital Management LLC’s holdings in CSW Industrials were worth $1,567,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of CSWI. National Bank of Canada FI acquired a new stake in CSW Industrials during the third quarter worth about $28,000. IFP Advisors Inc boosted its holdings in CSW Industrials by 510.5% in the 4th quarter. IFP Advisors Inc now owns 116 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 97 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of CSW Industrials by 94.3% in the 4th quarter. GAMMA Investing LLC now owns 136 shares of the basic materials company’s stock valued at $48,000 after buying an additional 66 shares during the period. Peterson Financial Group Inc. acquired a new stake in shares of CSW Industrials during the 3rd quarter worth approximately $72,000. Finally, Nisa Investment Advisors LLC raised its position in shares of CSW Industrials by 508.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 207 shares of the basic materials company’s stock valued at $76,000 after buying an additional 173 shares during the period. Hedge funds and other institutional investors own 82.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CSWI shares. Citigroup lowered their price objective on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating for the company in a research report on Monday, January 13th. Wells Fargo & Company lowered their price target on CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Truist Financial assumed coverage on shares of CSW Industrials in a report on Friday, February 14th. They issued a “hold” rating and a $362.00 price objective on the stock. The Goldman Sachs Group lowered their target price 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. Finally, StockNews.com downgraded shares of CSW Industrials from a “buy” rating to a “hold” rating in a research note 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 stock. Based on data from MarketBeat.com, CSW Industrials has an average rating of “Hold” and an average price target of $379.00.

Insider Buying and Selling at CSW Industrials

In other news, SVP Luke Alverson sold 1,416 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $387.15, for a total value 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. This trade represents a 7.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert M. Swartz sold 200 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $321.78, for a total value of $64,356.00. Following the transaction, the director now directly owns 13,519 shares of the company’s stock, valued at $4,350,143.82. The trade was a 1.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,103 shares of company stock valued at $3,437,104 in the last 90 days. Company insiders own 1.40% of the company’s stock.

CSW Industrials Trading Up 2.7 %

CSWI opened at $306.09 on Friday. The stock’s 50-day moving average price is $344.92 and its 200 day moving average price is $360.59. CSW Industrials, Inc. has a 12-month low of $221.10 and a 12-month high of $436.50. The firm has a market cap of $5.14 billion, a price-to-earnings ratio of 36.57 and a beta of 0.84.

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

CSW Industrials Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a dividend of $0.24 per share. The ex-dividend date was Friday, January 31st. This represents a $0.96 dividend on an annualized basis and a yield of 0.31%. CSW Industrials’s dividend payout ratio (DPR) is presently 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.