EntryPoint Capital LLC Raises Stake in CSW Industrials, Inc. (NASDAQ:CSWI)

EntryPoint Capital LLC boosted its holdings in CSW Industrials, Inc. (NASDAQ:CSWI) by 14.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 881 shares of the basic materials company’s stock after purchasing an additional 108 shares during the quarter. EntryPoint Capital LLC’s holdings in CSW Industrials were worth $311,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Congress Wealth Management LLC DE grew its holdings in shares of CSW Industrials by 2.6% during the fourth quarter. Congress Wealth Management LLC DE now owns 34,513 shares of the basic materials company’s stock valued at $12,177,000 after buying an additional 880 shares during the last quarter. Vanguard Group Inc. boosted its stake in CSW Industrials by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 1,852,716 shares of the basic materials company’s stock valued at $653,638,000 after purchasing an additional 29,488 shares during the last quarter. LPL Financial LLC raised its stake in shares of CSW Industrials by 7.3% in the fourth quarter. LPL Financial LLC now owns 13,045 shares of the basic materials company’s stock worth $4,602,000 after purchasing an additional 888 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of CSW Industrials during the fourth quarter valued at $1,623,000. Finally, Sei Investments Co. boosted its position in shares of CSW Industrials by 21.7% during the fourth quarter. Sei Investments Co. now owns 54,600 shares of the basic materials company’s stock valued at $19,263,000 after buying an additional 9,752 shares during the last quarter. Institutional investors own 82.79% of the company’s stock.

CSW Industrials Trading Down 1.2 %

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

CSW Industrials (NASDAQ:CSWI) last posted its quarterly earnings data 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 return on equity of 15.72% and a net margin of 15.53%. As a group, equities 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 disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.32%. CSW Industrials’s payout ratio is currently 11.47%.

Wall Street Analysts Forecast Growth

CSWI has been the topic of several research analyst reports. Truist Financial assumed coverage on shares of CSW Industrials in a research note on Friday, February 14th. They set a “hold” rating and a $362.00 target price on the stock. Wells Fargo & Company dropped their target price 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. The Goldman Sachs Group decreased their target price on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. StockNews.com downgraded CSW Industrials from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Finally, Citigroup cut their price objective on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating for the company in a report on Monday, January 13th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, CSW Industrials presently has an average rating of “Hold” and an average target price of $379.00.

Insider Activity at CSW Industrials

In other news, Director Robert M. Swartz sold 200 shares of the firm’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 sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $378.32, for a total transaction of $378,320.00. Following the transaction, the chief executive officer now owns 48,848 shares in the company, valued at approximately $18,480,175.36. This trade represents a 2.01 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,389 shares of company stock worth $3,104,831. 1.40% of the stock is owned by company insiders.

About CSW Industrials

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.