Loomis Sayles & Co. L P Has $33.88 Million Holdings in CSW Industrials, Inc. (NASDAQ:CSWI)

Loomis Sayles & Co. L P grew its holdings in CSW Industrials, Inc. (NASDAQ:CSWI) by 37.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 96,031 shares of the basic materials company’s stock after buying an additional 26,189 shares during the period. Loomis Sayles & Co. L P’s holdings in CSW Industrials were worth $33,880,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in CSWI. Geode Capital Management LLC increased its stake 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 buying an additional 26,728 shares during the period. Raymond James Financial Inc. acquired a new position in shares of CSW Industrials in the fourth quarter worth $18,197,000. Charles Schwab Investment Management Inc. increased its stake 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 worth $61,689,000 after acquiring an additional 19,659 shares during the last quarter. The Manufacturers Life Insurance Company raised 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 acquiring an additional 744 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in CSW Industrials by 25.3% during the fourth quarter. Blue Trust Inc. now owns 361 shares of the basic materials company’s stock valued at $132,000 after purchasing an additional 73 shares during the last quarter. 82.79% of the stock is owned by hedge funds and other institutional investors.

CSW Industrials Stock Down 1.2 %

Shares of CSWI stock opened at $296.08 on Friday. The business’s 50 day moving average is $319.00 and its two-hundred day moving average is $358.01. CSW Industrials, Inc. has a 12 month low of $226.05 and a 12 month high of $436.50. The company has a market cap of $4.97 billion, a PE ratio of 35.37 and a beta of 0.80.

CSW Industrials (NASDAQ:CSWI) last announced its earnings results on Thursday, January 30th. The basic materials company reported $1.48 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%. As a group, equities analysts expect that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given 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 0.32%. CSW Industrials’s dividend payout ratio is presently 11.47%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Truist Financial initiated coverage on CSW Industrials in a research report on Friday, February 14th. They issued a “hold” rating and a $362.00 target price on the stock. The Goldman Sachs Group cut their price objective 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. StockNews.com downgraded shares of CSW Industrials from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Citigroup dropped their price target on shares of CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th. Finally, Wells Fargo & Company reduced their price objective on shares of 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. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $379.00.

Insider Activity at CSW Industrials

In related news, Director Robert M. Swartz sold 200 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $354.65, for a total transaction of $70,930.00. Following the completion of the transaction, the director now directly owns 13,719 shares in the company, valued at $4,865,443.35. This represents a 1.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $378.32, for a total transaction of $378,320.00. Following the completion of the sale, the chief executive officer now owns 48,848 shares in the company, valued at $18,480,175.36. This represents a 2.01 % 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 90 days. 1.40% of the stock is owned by company insiders.

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.