Cadinha & Co. LLC Trims Stock Position in CSW Industrials, Inc. (NASDAQ:CSWI)

Cadinha & Co. LLC trimmed its holdings in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 13.2% in the fourth quarter, HoldingsChannel reports. The firm owned 4,283 shares of the basic materials company’s stock after selling 650 shares during the period. Cadinha & Co. LLC’s holdings in CSW Industrials were worth $1,511,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of CSWI. Envestnet Asset Management Inc. raised its holdings in shares of CSW Industrials by 90.0% in the second quarter. Envestnet Asset Management Inc. now owns 52,357 shares of the basic materials company’s stock worth $13,891,000 after acquiring an additional 24,802 shares during the last quarter. Edgestream Partners L.P. acquired a new position in CSW Industrials in the 2nd quarter valued at about $716,000. Vanguard Personalized Indexing Management LLC purchased a new position in CSW Industrials in the 2nd quarter valued at about $343,000. Hsbc Holdings PLC boosted its stake in shares of CSW Industrials by 2.0% during the 2nd quarter. Hsbc Holdings PLC now owns 1,743 shares of the basic materials company’s stock worth $461,000 after purchasing an additional 34 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of CSW Industrials during the second quarter worth about $229,000. 82.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CSWI has been the topic of a number of analyst reports. StockNews.com upgraded shares of CSW Industrials from a “hold” rating to a “buy” rating in a research report on Friday, December 6th. The Goldman Sachs Group lowered their price objective on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Wells Fargo & Company reduced their target price on CSW Industrials from $425.00 to $410.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 17th. Finally, Citigroup lowered their price target on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating for the company in a report on Monday, January 13th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, CSW Industrials has a consensus rating of “Hold” and an average target price of $404.67.

Insider Transactions at CSW Industrials

In other CSW Industrials news, EVP Don Sullivan sold 1,800 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $377.58, for a total transaction of $679,644.00. Following the transaction, the executive vice president now owns 29,004 shares in the company, valued at $10,951,330.32. The trade was a 5.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Luke Alverson sold 1,416 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $387.15, for a total value of $548,204.40. Following the completion of the sale, the senior vice president now owns 17,156 shares of the company’s stock, valued at approximately $6,641,945.40. This trade represents a 7.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,903 shares of company stock worth $3,777,538 in the last three months. 1.40% of the stock is currently owned by company insiders.

CSW Industrials Stock Up 1.3 %

Shares of NASDAQ CSWI opened at $390.21 on Friday. The stock has a market capitalization of $6.56 billion, a PE ratio of 53.02 and a beta of 0.85. The firm has a fifty day moving average of $388.48 and a 200-day moving average of $352.95. CSW Industrials, Inc. has a 52-week low of $203.83 and a 52-week high of $436.50.

CSW Industrials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be paid a dividend of $0.24 per share. The ex-dividend date is Friday, January 31st. This represents a $0.96 annualized dividend and a yield of 0.25%. CSW Industrials’s dividend payout ratio is presently 13.04%.

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.