CSW Industrials, Inc. (NASDAQ:CSWI) Shares Sold by Trust Point Inc.

Trust Point Inc. cut its holdings in CSW Industrials, Inc. (NASDAQ:CSWI) by 35.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,870 shares of the basic materials company’s stock after selling 1,593 shares during the quarter. Trust Point Inc.’s holdings in CSW Industrials were worth $1,013,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in CSWI. U.S. Capital Wealth Advisors LLC raised its stake in shares of CSW Industrials by 40.0% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 3,500 shares of the basic materials company’s stock worth $1,235,000 after purchasing an additional 1,000 shares during the last quarter. Marietta Wealth Management LLC purchased a new position in CSW Industrials during the 4th quarter worth $653,000. OLD National Bancorp IN lifted its stake in shares of CSW Industrials by 3.9% in the 4th quarter. OLD National Bancorp IN now owns 982 shares of the basic materials company’s stock worth $346,000 after acquiring an additional 37 shares during the period. Pacer Advisors Inc. lifted its stake in shares of CSW Industrials by 24.2% in the 4th quarter. Pacer Advisors Inc. now owns 1,197 shares of the basic materials company’s stock worth $422,000 after acquiring an additional 233 shares during the period. Finally, KBC Group NV boosted its holdings in shares of CSW Industrials by 60.5% in the fourth quarter. KBC Group NV now owns 706 shares of the basic materials company’s stock valued at $249,000 after acquiring an additional 266 shares in the last quarter. 82.79% of the stock is owned by hedge funds and other institutional investors.

CSW Industrials Trading Down 0.8 %

CSWI stock opened at $319.85 on Wednesday. The firm has a 50 day moving average of $373.98 and a 200-day moving average of $359.95. The company has a market cap of $5.37 billion, a price-to-earnings ratio of 38.21 and a beta of 0.84. CSW Industrials, Inc. has a 12-month low of $216.61 and a 12-month high of $436.50.

CSW Industrials (NASDAQ:CSWI) last issued its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.48 earnings per share (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%. Sell-side analysts forecast that CSW Industrials, Inc. will post 8.22 earnings per share for the current fiscal year.

CSW Industrials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be given a $0.24 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.96 annualized dividend and a dividend yield of 0.30%. CSW Industrials’s dividend payout ratio is presently 11.47%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CSWI. The Goldman Sachs Group reduced their price objective on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. StockNews.com cut CSW Industrials from a “buy” rating to a “hold” rating in a report on Monday. Citigroup dropped their price objective on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a report on Monday, January 13th. Finally, Wells Fargo & Company reduced their target price on CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $384.67.

Insider Activity at CSW Industrials

In related news, CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $404.79, for a total value of $404,790.00. Following the sale, the chief executive officer now owns 50,698 shares of the company’s stock, valued at approximately $20,522,043.42. This represents a 1.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert M. Swartz sold 200 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $354.65, for a total value of $70,930.00. Following the sale, the director now owns 13,719 shares in the company, valued at approximately $4,865,443.35. This trade represents a 1.44 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,103 shares of company stock valued at $3,841,894. Insiders own 1.40% of the company’s stock.

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.