Swiss National Bank Has $11.55 Million Stake in CSW Industrials, Inc. (NASDAQ:CSWI)

Swiss National Bank grew its stake in CSW Industrials, Inc. (NASDAQ:CSWI) by 7.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,749 shares of the basic materials company’s stock after purchasing an additional 2,400 shares during the period. Swiss National Bank owned about 0.20% of CSW Industrials worth $11,554,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of CSWI. Mutual of America Capital Management LLC acquired a new stake in CSW Industrials in the 3rd quarter worth $916,000. Thrivent Financial for Lutherans boosted its position in shares of CSW Industrials by 40.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 28,423 shares of the basic materials company’s stock valued at $10,414,000 after acquiring an additional 8,161 shares in the last quarter. Pathstone Holdings LLC boosted its position in shares of CSW Industrials by 12.6% during the 3rd quarter. Pathstone Holdings LLC now owns 6,070 shares of the basic materials company’s stock valued at $2,224,000 after acquiring an additional 679 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of CSW Industrials during the 3rd quarter valued at about $2,305,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of CSW Industrials by 81.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 26,322 shares of the basic materials company’s stock valued at $9,644,000 after acquiring an additional 11,787 shares in the last quarter. 82.79% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Don Sullivan sold 2,222 shares of CSW Industrials stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $292.12, for a total transaction of $649,090.64. Following the completion of the sale, the executive vice president now owns 24,853 shares in the company, valued at $7,260,058.36. The trade was a 8.21 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $289.97, for a total transaction of $289,970.00. Following the sale, the chief executive officer now owns 46,848 shares of the company’s stock, valued at approximately $13,584,514.56. This represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,389 shares of company stock valued at $3,104,831. Insiders own 1.40% of the company’s stock.

CSW Industrials Stock Up 0.4 %

Shares of CSWI stock opened at $292.66 on Friday. CSW Industrials, Inc. has a 12-month low of $225.83 and a 12-month high of $436.50. The company has a market capitalization of $4.91 billion, a P/E ratio of 34.97 and a beta of 0.80. The firm has a 50-day moving average price of $326.35 and a 200 day moving average price of $358.36.

CSW Industrials (NASDAQ:CSWI) last announced its earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share 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, research analysts expect that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date was Friday, January 31st. CSW Industrials’s dividend payout ratio is presently 11.47%.

Wall Street Analyst Weigh In

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

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.