GHP Investment Advisors Inc. Decreases Stock Holdings in CSW Industrials, Inc. (NASDAQ:CSWI)

GHP Investment Advisors Inc. lessened its holdings in CSW Industrials, Inc. (NASDAQ:CSWI) by 41.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,020 shares of the basic materials company’s stock after selling 721 shares during the quarter. GHP Investment Advisors Inc.’s holdings in CSW Industrials were worth $360,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CSWI. Anchor Investment Management LLC raised its position in 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 purchasing an additional 32 shares during the period. GAMMA Investing LLC grew its stake in shares of CSW Industrials by 105.9% in the third quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company’s stock valued at $26,000 after buying an additional 36 shares in the last quarter. Morse Asset Management Inc raised its holdings in shares of CSW Industrials by 2.3% during the 3rd quarter. Morse Asset Management Inc now owns 1,621 shares of the basic materials company’s stock valued at $594,000 after buying an additional 36 shares during the period. OLD National Bancorp IN lifted its position in CSW Industrials by 3.9% during 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 in the last quarter. Finally, Covestor Ltd boosted its holdings in CSW Industrials by 17.4% in the 3rd quarter. Covestor Ltd now owns 263 shares of the basic materials company’s stock worth $96,000 after acquiring an additional 39 shares during the period. Institutional investors and hedge funds own 82.79% of the company’s stock.

Insider Buying and Selling at CSW Industrials

In other news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $404.79, for a total value of $404,790.00. Following the completion of the transaction, the chief executive officer now directly owns 50,698 shares in the company, valued at $20,522,043.42. This trade represents a 1.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Don Sullivan sold 1,965 shares of the company’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 value of $760,749.75. Following the completion of the sale, the executive vice president now owns 30,804 shares of the company’s stock, valued at $11,925,768.60. This trade represents a 6.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,103 shares of company stock worth $3,841,894. 1.40% of the stock is owned by company insiders.

CSW Industrials Stock Down 0.9 %

NASDAQ:CSWI opened at $325.19 on Friday. The company has a market cap of $5.46 billion, a PE ratio of 38.85 and a beta of 0.84. The business’s 50 day moving average is $370.35 and its two-hundred day moving average is $359.49. CSW Industrials, Inc. has a 52 week low of $218.03 and a 52 week high of $436.50.

CSW Industrials (NASDAQ:CSWI) last posted its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.11. CSW Industrials had a net margin of 15.53% and a return on equity of 15.72%. As a group, sell-side analysts expect that CSW Industrials, Inc. will post 8.22 EPS for the current fiscal year.

CSW Industrials Announces Dividend

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

Analyst Ratings Changes

A number of analysts have recently issued reports on CSWI shares. Wells Fargo & Company dropped their price objective on shares of CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Citigroup cut their price objective on shares of CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a report on Monday, January 13th. StockNews.com downgraded CSW Industrials from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Finally, The Goldman Sachs Group cut their price target on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $384.67.

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.