CSW Industrials, Inc. (NASDAQ:CSWI) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 2.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,443 shares of the basic materials company’s stock after buying an additional 582 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.13% of CSW Industrials worth $7,565,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in CSWI. Mutual of America Capital Management LLC acquired a new stake in shares of CSW Industrials during the third quarter worth approximately $916,000. Pathstone Holdings LLC grew its position in shares of CSW Industrials by 12.6% during the third quarter. Pathstone Holdings LLC now owns 6,070 shares of the basic materials company’s stock worth $2,224,000 after buying an additional 679 shares in the last quarter. Intech Investment Management LLC acquired a new stake in shares of CSW Industrials during the third quarter worth approximately $1,732,000. Charles Schwab Investment Management Inc. grew its position in shares of CSW Industrials by 13.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 168,369 shares of the basic materials company’s stock worth $61,689,000 after buying an additional 19,659 shares in the last quarter. Finally, Citigroup Inc. lifted its stake in CSW Industrials by 367.6% during the third quarter. Citigroup Inc. now owns 20,816 shares of the basic materials company’s stock worth $7,627,000 after purchasing an additional 16,364 shares during the last quarter. Institutional investors and hedge funds own 82.79% of the company’s stock.

Wall Street Analyst Weigh In

CSWI has been the topic of several research analyst reports. Wells Fargo & Company reduced their price objective on 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. The Goldman Sachs Group reduced their price objective 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. Citigroup reduced their price objective on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th. StockNews.com cut CSW Industrials from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Finally, Truist Financial began coverage on CSW Industrials in a research note on Friday, February 14th. They set a “hold” rating and a $362.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $379.00.

Insider Activity at CSW Industrials

In related news, EVP Don Sullivan sold 2,222 shares of CSW Industrials stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $292.12, for a total transaction of $649,090.64. Following the transaction, the executive vice president now directly owns 24,853 shares of the company’s stock, valued at $7,260,058.36. The trade was a 8.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO James E. Perry sold 145 shares of CSW Industrials stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $307.77, for a total value of $44,626.65. Following the transaction, the chief financial officer now directly owns 23,282 shares in the company, valued at approximately $7,165,501.14. The trade was a 0.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,389 shares of company stock worth $3,104,831 over the last ninety days. 1.40% of the stock is currently owned by corporate insiders.

CSW Industrials Stock Performance

CSWI stock opened at $292.79 on Friday. The stock has a market capitalization of $4.91 billion, a price-to-earnings ratio of 34.98 and a beta of 0.80. CSW Industrials, Inc. has a 1 year low of $225.83 and a 1 year high of $436.50. The stock’s fifty day moving average is $324.96 and its two-hundred day moving average is $358.34.

CSW Industrials (NASDAQ:CSWI) last issued its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.48 earnings per share for the quarter, beating 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, analysts predict that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a dividend of $0.24 per share. 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 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.