Price T Rowe Associates Inc. MD Purchases 661 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

Price T Rowe Associates Inc. MD grew its position in CSW Industrials, Inc. (NASDAQ:CSWI) by 0.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 207,136 shares of the basic materials company’s stock after purchasing an additional 661 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 1.23% of CSW Industrials worth $73,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of CSWI. Proficio Capital Partners LLC boosted its position in shares of CSW Industrials by 35,553.3% in the fourth quarter. Proficio Capital Partners LLC now owns 202,154 shares of the basic materials company’s stock worth $71,320,000 after purchasing an additional 201,587 shares during the period. Norges Bank purchased a new position in CSW Industrials during the fourth quarter valued at $59,250,000. Riverbridge Partners LLC purchased a new position in CSW Industrials during the fourth quarter valued at $42,202,000. Principal Financial Group Inc. lifted its stake in CSW Industrials by 1,046.2% in the 3rd quarter. Principal Financial Group Inc. now owns 84,991 shares of the basic materials company’s stock worth $31,140,000 after purchasing an additional 77,576 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of CSW Industrials by 2,006.7% during the 3rd quarter. Franklin Resources Inc. now owns 57,617 shares of the basic materials company’s stock valued at $22,702,000 after purchasing an additional 54,882 shares during the last quarter. 82.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling at CSW Industrials

In other CSW Industrials news, EVP Don Sullivan sold 2,222 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $292.12, for a total transaction of $649,090.64. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert M. Swartz sold 200 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $289.10, for a total value of $57,820.00. Following the transaction, the director now owns 13,119 shares of the company’s stock, valued at $3,792,702.90. This trade represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,631 shares of company stock worth $2,551,912 over the last 90 days. Company insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CSWI shares. Truist Financial started coverage on CSW Industrials in a report on Friday, February 14th. They issued a “hold” rating and a $362.00 target price on the stock. Wells Fargo & Company reduced their target price on CSW Industrials from $350.00 to $295.00 and set an “equal weight” rating on the stock in a report on Monday, April 14th. StockNews.com cut CSW Industrials from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Citigroup reduced their target price on CSW Industrials from $364.00 to $313.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Finally, The Goldman Sachs Group reduced their target price on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $342.50.

CSW Industrials Price Performance

Shares of NASDAQ CSWI opened at $311.48 on Tuesday. The business’s 50 day moving average is $294.34 and its two-hundred day moving average is $346.81. CSW Industrials, Inc. has a 1-year low of $237.19 and a 1-year high of $436.50. The stock has a market capitalization of $5.23 billion, a P/E ratio of 37.21 and a beta of 0.88.

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, topping the consensus estimate of $1.37 by $0.11. CSW Industrials had a return on equity of 15.72% and a net margin of 15.53%. As a group, equities research analysts anticipate that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 25th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.35%. The ex-dividend date of this dividend is Friday, April 25th. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.24. CSW Industrials’s payout ratio is 12.90%.

About CSW Industrials

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.