Illinois Municipal Retirement Fund Invests $3.28 Million in CSW Industrials, Inc. (NASDAQ:CSWI)

Illinois Municipal Retirement Fund bought a new stake in CSW Industrials, Inc. (NASDAQ:CSWI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 9,302 shares of the basic materials company’s stock, valued at approximately $3,282,000. Illinois Municipal Retirement Fund owned about 0.06% of CSW Industrials as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CSWI. National Bank of Canada FI purchased a new position in shares of CSW Industrials during the third quarter worth $28,000. IFP Advisors Inc lifted its stake in CSW Industrials by 510.5% during the 4th quarter. IFP Advisors Inc now owns 116 shares of the basic materials company’s stock worth $42,000 after acquiring an additional 97 shares in the last quarter. GAMMA Investing LLC boosted its holdings in CSW Industrials by 94.3% during the 4th quarter. GAMMA Investing LLC now owns 136 shares of the basic materials company’s stock valued at $48,000 after acquiring an additional 66 shares during the period. Peterson Financial Group Inc. acquired a new position in CSW Industrials in the 3rd quarter valued at about $72,000. Finally, Nisa Investment Advisors LLC increased its stake in CSW Industrials by 508.8% during the third quarter. Nisa Investment Advisors LLC now owns 207 shares of the basic materials company’s stock worth $76,000 after purchasing an additional 173 shares during the period. Hedge funds and other institutional investors own 82.79% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on CSWI. StockNews.com lowered shares of CSW Industrials from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Wells Fargo & Company decreased 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 report on Friday, January 31st. The Goldman Sachs Group cut their price objective on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Citigroup decreased their target price on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating for the company in a report on Monday, January 13th. Finally, Truist Financial assumed coverage on CSW Industrials in a report on Friday, February 14th. They set a “hold” rating and a $362.00 price target on the stock. Five equities 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.com, CSW Industrials currently has an average rating of “Hold” and an average target price of $379.00.

Insider Buying and Selling

In related news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $389.78, for a total value of $389,780.00. Following the transaction, the chief executive officer now directly owns 49,698 shares of the company’s stock, valued at $19,371,286.44. This trade represents a 1.97 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert M. Swartz sold 200 shares of CSW Industrials stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $321.78, for a total transaction of $64,356.00. Following the sale, the director now owns 13,519 shares in the company, valued at $4,350,143.82. This represents a 1.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,103 shares of company stock worth $3,437,104 over the last 90 days. 1.40% of the stock is owned by insiders.

CSW Industrials Trading Up 0.6 %

Shares of CSWI opened at $305.27 on Thursday. The firm has a market capitalization of $5.12 billion, a price-to-earnings ratio of 36.47 and a beta of 0.84. The firm’s fifty day simple moving average is $347.25 and its 200-day simple moving average is $361.42. CSW Industrials, Inc. has a twelve month low of $221.10 and a twelve month high of $436.50.

CSW Industrials (NASDAQ:CSWI) last posted its earnings results on Thursday, January 30th. The basic materials company reported $1.48 EPS for the quarter, beating 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%. On average, analysts predict that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Dividend Announcement

The firm also recently announced 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. This represents a $0.96 annualized dividend and a dividend yield of 0.31%. The ex-dividend date was Friday, January 31st. CSW Industrials’s dividend payout ratio (DPR) is presently 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.