Great Lakes Advisors LLC Reduces Stock Holdings in CSW Industrials, Inc. (NASDAQ:CSWI)

Great Lakes Advisors LLC reduced its holdings in CSW Industrials, Inc. (NASDAQ:CSWI) by 4.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,652 shares of the basic materials company’s stock after selling 1,036 shares during the period. Great Lakes Advisors LLC owned about 0.15% of CSW Industrials worth $8,697,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. National Bank of Canada FI purchased a new stake in shares of CSW Industrials in the 3rd quarter valued at $28,000. IFP Advisors Inc boosted its holdings in shares of 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 acquiring an additional 97 shares during the last quarter. GAMMA Investing LLC boosted its holdings 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 acquiring an additional 66 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of CSW Industrials in the 4th quarter valued at $51,000. Finally, Jones Financial Companies Lllp boosted its holdings in CSW Industrials by 300.0% during the fourth quarter. Jones Financial Companies Lllp now owns 164 shares of the basic materials company’s stock worth $58,000 after buying an additional 123 shares in the last quarter. 82.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CSWI has been the topic of a number of recent analyst reports. Citigroup lowered their price target on shares of CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a report on Monday, January 13th. Truist Financial initiated coverage on shares of CSW Industrials in a report on Friday, February 14th. They set a “hold” rating and a $362.00 price target on the stock. StockNews.com downgraded shares of CSW Industrials from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. The Goldman Sachs Group lowered their price target on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Finally, Wells Fargo & Company lowered their price target on shares of CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $379.00.

CSW Industrials Stock Down 0.9 %

CSWI opened at $291.40 on Thursday. The company has a market cap of $4.89 billion, a price-to-earnings ratio of 34.81 and a beta of 0.80. CSW Industrials, Inc. has a 52-week low of $221.10 and a 52-week high of $436.50. The firm’s fifty day simple moving average is $334.49 and its two-hundred day simple moving average is $360.22.

CSW Industrials (NASDAQ:CSWI) last posted its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.48 earnings per share (EPS) for the quarter, beating 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 EPS for the current year.

CSW Industrials Dividend Announcement

The business also recently disclosed 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. This represents a $0.96 annualized dividend and a yield of 0.33%. The ex-dividend date was Friday, January 31st. CSW Industrials’s payout ratio is 11.47%.

Insider Activity

In other news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $389.78, for a total value of $389,780.00. Following the completion of the sale, the chief executive officer now directly owns 49,698 shares in the company, valued at $19,371,286.44. This represents a 1.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO James E. Perry sold 145 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $307.77, for a total transaction of $44,626.65. Following the completion of the sale, the chief financial officer now owns 23,282 shares of the company’s stock, valued at $7,165,501.14. This trade represents a 0.62 % 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 three months. Insiders own 1.40% of the company’s stock.

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.