Fairhaven Wealth Management LLC Reduces Position in CSW Industrials, Inc. (NASDAQ:CSWI)

Fairhaven Wealth Management LLC reduced its stake in CSW Industrials, Inc. (NASDAQ:CSWI) by 12.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,850 shares of the basic materials company’s stock after selling 260 shares during the quarter. Fairhaven Wealth Management LLC’s holdings in CSW Industrials were worth $653,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in CSWI. Blue Trust Inc. lifted its stake in shares of CSW Industrials by 2,518.2% during the third quarter. Blue Trust Inc. now owns 288 shares of the basic materials company’s stock valued at $106,000 after buying an additional 277 shares during the period. Private Advisor Group LLC acquired a new position in CSW Industrials in the 3rd quarter valued at $202,000. Louisiana State Employees Retirement System purchased a new position in shares of CSW Industrials during the 3rd quarter worth $2,931,000. State of Alaska Department of Revenue acquired a new stake in shares of CSW Industrials during the third quarter worth $3,477,000. Finally, Nisa Investment Advisors LLC grew its position in shares of CSW Industrials by 508.8% in the third quarter. Nisa Investment Advisors LLC now owns 207 shares of the basic materials company’s stock valued at $76,000 after purchasing an additional 173 shares during the period. Institutional investors and hedge funds own 82.79% of the company’s stock.

Analyst Upgrades and Downgrades

CSWI has been the topic of several recent analyst reports. StockNews.com lowered CSW Industrials from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Citigroup decreased their target price on shares of CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. Truist Financial started coverage on shares of CSW Industrials in a research report on Friday, February 14th. They set a “hold” rating and a $362.00 price target for the company. The Goldman Sachs Group cut their price target on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Finally, Wells Fargo & Company lowered their price objective on shares of CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, CSW Industrials currently has an average rating of “Hold” and an average target price of $379.00.

Insider Buying and Selling at CSW Industrials

In related news, SVP Luke Alverson sold 1,416 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $387.15, for a total transaction of $548,204.40. Following the sale, the senior vice president now directly owns 17,156 shares in the company, valued at approximately $6,641,945.40. This trade represents a 7.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robert M. Swartz sold 200 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $321.78, for a total value of $64,356.00. Following the completion of the transaction, the director now owns 13,519 shares of the company’s stock, valued at approximately $4,350,143.82. This represents a 1.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,103 shares of company stock valued at $3,437,104 over the last three months. 1.40% of the stock is owned by company insiders.

CSW Industrials Stock Performance

Shares of NASDAQ:CSWI opened at $299.38 on Tuesday. CSW Industrials, Inc. has a 1 year low of $221.10 and a 1 year high of $436.50. The stock has a 50-day simple moving average of $348.78 and a 200-day simple moving average of $361.43. The stock has a market capitalization of $5.02 billion, a P/E ratio of 35.77 and a beta of 0.84.

CSW Industrials (NASDAQ:CSWI) last released 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 net margin of 15.53% and a return on equity of 15.72%. Analysts predict that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $0.96 annualized dividend and a yield of 0.32%. CSW Industrials’s dividend payout ratio is currently 11.47%.

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.