Cynosure Group LLC Trims Stock Holdings in CSW Industrials, Inc. (NASDAQ:CSWI)

Cynosure Group LLC reduced its stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 18.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,667 shares of the basic materials company’s stock after selling 389 shares during the period. Cynosure Group LLC’s holdings in CSW Industrials were worth $588,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Anchor Investment Management LLC grew its position in shares of CSW Industrials by 2.5% during the third quarter. Anchor Investment Management LLC now owns 1,287 shares of the basic materials company’s stock worth $472,000 after purchasing an additional 32 shares in the last quarter. Atria Investments Inc lifted its holdings in shares of CSW Industrials by 1.4% in the fourth quarter. Atria Investments Inc now owns 2,367 shares of the basic materials company’s stock worth $835,000 after buying an additional 32 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in shares of CSW Industrials by 0.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,934 shares of the basic materials company’s stock worth $1,388,000 after buying an additional 34 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of CSW Industrials by 1.0% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,590 shares of the basic materials company’s stock worth $1,267,000 after acquiring an additional 35 shares during the last quarter. Finally, Morse Asset Management Inc grew its stake in CSW Industrials by 2.3% during the third quarter. Morse Asset Management Inc now owns 1,621 shares of the basic materials company’s stock valued at $594,000 after acquiring an additional 36 shares in the last quarter. 82.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CSWI. Citigroup cut 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. The Goldman Sachs Group cut 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. Wells Fargo & Company lowered their target price on CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Truist Financial initiated coverage on shares of CSW Industrials in a research note on Friday, February 14th. They set a “hold” rating and a $362.00 price target on the stock. Finally, StockNews.com cut shares of CSW Industrials from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $379.00.

Insider Transactions at CSW Industrials

In other CSW Industrials news, Director Robert M. Swartz sold 200 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $354.65, for a total transaction of $70,930.00. Following the transaction, the director now directly owns 13,719 shares in the company, valued at $4,865,443.35. This trade represents a 1.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP James E. Perry sold 145 shares of the company’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $289.10, for a total value of $41,919.50. Following the completion of the sale, the executive vice president now owns 23,137 shares of the company’s stock, valued at $6,688,906.70. This represents a 0.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,734 shares of company stock worth $3,204,570. 1.40% of the stock is currently owned by insiders.

CSW Industrials Stock Up 1.5 %

NASDAQ CSWI opened at $295.91 on Wednesday. CSW Industrials, Inc. has a 52 week low of $226.05 and a 52 week high of $436.50. The firm has a market capitalization of $4.97 billion, a price-to-earnings ratio of 35.35 and a beta of 0.80. The company has a fifty day moving average of $313.01 and a two-hundred day moving average of $357.86.

CSW Industrials (NASDAQ:CSWI) last posted its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.11. CSW Industrials had a net margin of 15.53% and a return on equity of 15.72%. Equities research analysts anticipate that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $0.96 dividend on an annualized basis and a yield of 0.32%. CSW Industrials’s payout ratio is 11.47%.

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.