CSW Industrials, Inc. (NASDAQ:CSWI) Shares Bought by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P lifted its position in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 37.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 96,031 shares of the basic materials company’s stock after acquiring an additional 26,189 shares during the period. Loomis Sayles & Co. L P owned 0.57% of CSW Industrials worth $33,880,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. National Bank of Canada FI bought a new position in CSW Industrials in the 3rd quarter worth about $28,000. IFP Advisors Inc boosted its position in shares of CSW Industrials by 510.5% during the fourth quarter. IFP Advisors Inc now owns 116 shares of the basic materials company’s stock worth $42,000 after buying an additional 97 shares during the period. GAMMA Investing LLC grew its holdings in CSW Industrials by 94.3% in the 4th quarter. GAMMA Investing LLC now owns 136 shares of the basic materials company’s stock worth $48,000 after buying an additional 66 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in CSW Industrials in the 4th quarter valued at approximately $51,000. Finally, Jones Financial Companies Lllp raised its stake in CSW Industrials by 300.0% during the 4th quarter. Jones Financial Companies Lllp now owns 164 shares of the basic materials company’s stock valued at $58,000 after acquiring an additional 123 shares in the last quarter. Institutional investors and hedge funds own 82.79% of the company’s stock.

CSW Industrials Trading Down 1.2 %

NASDAQ:CSWI opened at $296.08 on Friday. The company has a 50-day moving average of $319.00 and a 200-day moving average of $358.01. The firm has a market cap of $4.97 billion, a price-to-earnings ratio of 35.37 and a beta of 0.80. CSW Industrials, Inc. has a twelve month low of $226.05 and a twelve month high of $436.50.

CSW Industrials (NASDAQ:CSWI) last issued its earnings results 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%. On average, research analysts forecast that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Announces Dividend

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

Insider Transactions at CSW Industrials

In other CSW Industrials news, SVP Luke Alverson sold 1,522 shares of the firm’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $358.16, for a total value of $545,119.52. Following the completion of the transaction, the senior vice president now directly owns 15,634 shares in the company, valued at $5,599,473.44. This trade represents a 8.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert M. Swartz sold 200 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 13,719 shares in the company, valued at $4,865,443.35. This represents a 1.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,389 shares of company stock valued at $3,104,831 over the last three months. Company insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CSWI shares. Truist Financial started coverage on CSW Industrials in a research note on Friday, February 14th. They issued a “hold” rating and a $362.00 price target for the company. Citigroup lowered their target price 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. Wells Fargo & Company reduced their price target 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. StockNews.com lowered shares of CSW Industrials from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Finally, The Goldman Sachs Group dropped their target price on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $379.00.

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.