Cynosure Group LLC Reduces Stock Position in CSW Industrials, Inc. (NASDAQ:CSWI)

Cynosure Group LLC lessened its holdings in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 18.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its holdings in CSW Industrials by 8.5% in the third quarter. The Manufacturers Life Insurance Company now owns 9,503 shares of the basic materials company’s stock valued at $3,482,000 after acquiring an additional 744 shares in the last quarter. BNP Paribas Financial Markets boosted its position in CSW Industrials by 26.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 9,881 shares of the basic materials company’s stock valued at $3,620,000 after acquiring an additional 2,049 shares in the last quarter. MetLife Investment Management LLC grew its holdings in shares of CSW Industrials by 4.9% during the 3rd quarter. MetLife Investment Management LLC now owns 9,366 shares of the basic materials company’s stock worth $3,432,000 after acquiring an additional 439 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of CSW Industrials by 13.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,742 shares of the basic materials company’s stock valued at $1,005,000 after purchasing an additional 331 shares during the period. Finally, Captrust Financial Advisors boosted its position in shares of CSW Industrials by 11.5% during the third quarter. Captrust Financial Advisors now owns 1,097 shares of the basic materials company’s stock valued at $402,000 after purchasing an additional 113 shares in the last quarter. Institutional investors own 82.79% of the company’s stock.

CSW Industrials Trading Up 1.5 %

CSWI stock opened at $295.91 on Wednesday. The stock’s 50 day simple moving average is $313.01 and its 200 day simple moving average is $357.86. CSW Industrials, Inc. has a 12-month low of $226.05 and a 12-month high of $436.50. The stock has a market capitalization of $4.97 billion, a PE ratio of 35.35 and a beta of 0.80.

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

CSW Industrials Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders 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 annualized dividend and a dividend yield of 0.32%. CSW Industrials’s payout ratio is 11.47%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. 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 cut their price objective 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. StockNews.com lowered shares of CSW Industrials from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. The Goldman Sachs Group cut their price target on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Finally, Truist Financial started coverage on CSW Industrials in a research note on Friday, February 14th. They set a “hold” rating and a $362.00 price objective for the company. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, CSW Industrials has an average rating of “Hold” and an average target price of $379.00.

Insider Activity at CSW Industrials

In other news, 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 value of $378,320.00. Following the transaction, the chief executive officer now directly owns 48,848 shares in the company, valued at $18,480,175.36. This trade represents a 2.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Luke Alverson sold 1,522 shares of CSW Industrials stock in a transaction on Monday, January 13th. The stock was sold at an average price of $358.16, for a total value of $545,119.52. Following the completion of the sale, the senior vice president now directly owns 15,634 shares of the company’s stock, valued at $5,599,473.44. The trade was a 8.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,734 shares of company stock worth $3,204,570 over the last quarter. Company insiders own 1.40% of the company’s stock.

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.