Capital International Investors Has $82.67 Million Stock Holdings in CSW Industrials, Inc. (NASDAQ:CSWI)

Capital International Investors reduced its position in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 7.7% in the 4th quarter, HoldingsChannel reports. The firm owned 234,315 shares of the basic materials company’s stock after selling 19,456 shares during the period. Capital International Investors’ holdings in CSW Industrials were worth $82,666,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CSWI. Anchor Investment Management LLC raised its stake in shares of CSW Industrials by 2.5% in the third quarter. Anchor Investment Management LLC now owns 1,287 shares of the basic materials company’s stock valued at $472,000 after acquiring an additional 32 shares during the last quarter. Atria Investments Inc raised its position in CSW Industrials by 1.4% in the 4th quarter. Atria Investments Inc now owns 2,367 shares of the basic materials company’s stock valued at $835,000 after purchasing an additional 32 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in CSW Industrials by 0.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,934 shares of the basic materials company’s stock worth $1,388,000 after purchasing an additional 34 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in CSW Industrials by 1.0% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,590 shares of the basic materials company’s stock worth $1,267,000 after purchasing an additional 35 shares in the last quarter. Finally, Morse Asset Management Inc grew its holdings in shares of CSW Industrials by 2.3% during the third quarter. Morse Asset Management Inc now owns 1,621 shares of the basic materials company’s stock worth $594,000 after purchasing an additional 36 shares during the last quarter. 82.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at CSW Industrials

In related news, EVP James E. Perry sold 145 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $289.10, for a total transaction of $41,919.50. Following the completion of the sale, the executive vice president now directly owns 23,137 shares of the company’s stock, valued at approximately $6,688,906.70. This represents a 0.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert M. Swartz sold 200 shares of CSW Industrials stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $321.78, for a total transaction of $64,356.00. Following the completion of the transaction, the director now directly owns 13,519 shares in the company, valued at approximately $4,350,143.82. The trade was a 1.46 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,631 shares of company stock valued at $2,551,912. Corporate insiders own 1.40% of the company’s stock.

CSW Industrials Stock Performance

Shares of CSWI stock opened at $298.43 on Friday. The firm’s 50 day moving average price is $295.74 and its two-hundred day moving average price is $349.90. The stock has a market cap of $5.01 billion, a PE ratio of 35.65 and a beta of 0.88. CSW Industrials, Inc. has a 52-week low of $232.20 and a 52-week high of $436.50.

CSW Industrials (NASDAQ:CSWI) last announced its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.48 EPS for the quarter, topping 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%. As a group, sell-side analysts predict that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 25th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, April 25th. This represents a $1.08 dividend on an annualized basis and a yield of 0.36%. This is a boost from CSW Industrials’s previous quarterly dividend of $0.24. CSW Industrials’s payout ratio is currently 12.90%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CSWI. StockNews.com downgraded shares of CSW Industrials from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Citigroup decreased their price target on shares of CSW Industrials from $364.00 to $313.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Truist Financial assumed coverage on shares of CSW Industrials in a research report on Friday, February 14th. They issued a “hold” rating and a $362.00 price objective for the company. The Goldman Sachs Group decreased 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. Finally, Wells Fargo & Company dropped their target price on CSW Industrials from $350.00 to $295.00 and set an “equal weight” rating for the company in a research report on Monday, April 14th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, CSW Industrials presently has a consensus rating of “Hold” and an average price target of $342.50.

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.