Hardy Reed LLC Takes $267,000 Position in CSW Industrials, Inc. (NASDAQ:CSWI)

Hardy Reed LLC purchased a new stake in CSW Industrials, Inc. (NASDAQ:CSWI) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 756 shares of the basic materials company’s stock, valued at approximately $267,000.

Other large investors have also modified their holdings of the company. National Bank of Canada FI bought a new stake in shares of CSW Industrials in the 3rd quarter valued at about $28,000. GAMMA Investing LLC raised its holdings in shares of CSW Industrials by 94.3% in the 4th quarter. GAMMA Investing LLC now owns 136 shares of the basic materials company’s stock valued at $48,000 after purchasing an additional 66 shares in the last quarter. Peterson Financial Group Inc. bought a new position in shares of CSW Industrials during the 3rd quarter worth approximately $72,000. Nisa Investment Advisors LLC raised its stake in shares of CSW Industrials by 508.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 207 shares of the basic materials company’s stock worth $76,000 after acquiring an additional 173 shares in the last quarter. Finally, Covestor Ltd raised its stake in shares of CSW Industrials by 17.4% during 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 in the last quarter. Institutional investors own 82.79% of the company’s stock.

Insider Activity

In other news, EVP Don Sullivan sold 1,965 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $387.15, for a total value of $760,749.75. Following the sale, the executive vice president now directly owns 30,804 shares of the company’s stock, valued at $11,925,768.60. This represents a 6.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $389.78, for a total transaction of $389,780.00. Following the completion of the sale, the chief executive officer now directly owns 49,698 shares in the company, valued at $19,371,286.44. This trade represents a 1.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,103 shares of company stock valued at $3,437,104 in the last ninety days. Insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CSWI. Truist Financial began coverage on shares of CSW Industrials in a research note on Friday, February 14th. They set a “hold” rating and a $362.00 price objective for the company. Citigroup reduced their price objective on shares of CSW Industrials from $466.00 to $404.00 and set a “neutral” rating for the company in a research note on Monday, January 13th. Wells Fargo & Company reduced 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. StockNews.com lowered shares of CSW Industrials from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Finally, The Goldman Sachs Group dropped their target price on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $379.00.

CSW Industrials Trading Down 1.6 %

NASDAQ:CSWI opened at $314.44 on Thursday. The company has a market cap of $5.28 billion, a PE ratio of 37.57 and a beta of 0.84. CSW Industrials, Inc. has a twelve month low of $221.10 and a twelve month high of $436.50. The company’s 50 day moving average is $353.95 and its two-hundred day moving average is $361.01.

CSW Industrials (NASDAQ:CSWI) last released its earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share 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%. As a group, analysts expect that CSW Industrials, Inc. will post 8.59 EPS for the current fiscal year.

CSW Industrials Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.31%. The ex-dividend date of this dividend was Friday, January 31st. CSW Industrials’s dividend payout ratio (DPR) is currently 11.47%.

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.