Los Angeles Capital Management LLC Reduces Stock Position in CSW Industrials, Inc. (NASDAQ:CSWI)

Los Angeles Capital Management LLC trimmed its position in CSW Industrials, Inc. (NASDAQ:CSWI) by 2.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,443 shares of the basic materials company’s stock after selling 90 shares during the quarter. Los Angeles Capital Management LLC’s holdings in CSW Industrials were worth $1,567,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Private Advisor Group LLC acquired a new position in CSW Industrials in the 3rd quarter worth approximately $202,000. Nisa Investment Advisors LLC boosted its holdings in shares of CSW Industrials by 508.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 207 shares of the basic materials company’s stock valued at $76,000 after acquiring an additional 173 shares during the last quarter. New York State Teachers Retirement System acquired a new stake in shares of CSW Industrials in the third quarter worth $1,429,000. Conestoga Capital Advisors LLC raised its holdings in shares of CSW Industrials by 1.7% during the third quarter. Conestoga Capital Advisors LLC now owns 577,037 shares of the basic materials company’s stock worth $211,420,000 after purchasing an additional 9,781 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in CSW Industrials by 16.3% during the third quarter. Farther Finance Advisors LLC now owns 328 shares of the basic materials company’s stock valued at $120,000 after purchasing an additional 46 shares during the period. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other CSW Industrials news, EVP Don Sullivan sold 1,965 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $387.15, for a total transaction of $760,749.75. Following the completion of the sale, the executive vice president now directly owns 30,804 shares in the company, valued at approximately $11,925,768.60. The trade was a 6.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 49,698 shares in the company, valued at approximately $19,371,286.44. This trade represents a 1.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have 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 currently owned by company insiders.

CSW Industrials Trading Up 2.7 %

NASDAQ CSWI opened at $306.09 on Friday. The stock has a market capitalization of $5.14 billion, a price-to-earnings ratio of 36.57 and a beta of 0.84. The stock has a 50-day moving average of $344.92 and a 200 day moving average of $360.59. CSW Industrials, Inc. has a twelve month low of $221.10 and a twelve month high of $436.50.

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

CSW Industrials Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.31%. The ex-dividend date was Friday, January 31st. CSW Industrials’s payout ratio is 11.47%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Wells Fargo & Company cut their price target on CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Truist Financial assumed coverage on CSW Industrials in a report on Friday, February 14th. They set a “hold” rating and a $362.00 target price on the stock. The Goldman Sachs Group decreased 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. Citigroup dropped their price objective 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. Finally, StockNews.com lowered shares of CSW Industrials from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Five 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 presently has a consensus rating of “Hold” and a consensus target price of $379.00.

CSW Industrials Company 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.