Yousif Capital Management LLC Decreases Stock Holdings in CSW Industrials, Inc. (NASDAQ:CSWI)

Yousif Capital Management LLC decreased its position in CSW Industrials, Inc. (NASDAQ:CSWI) by 0.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 6,407 shares of the basic materials company’s stock after selling 61 shares during the period. Yousif Capital Management LLC’s holdings in CSW Industrials were worth $2,260,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp increased its position in CSW Industrials by 71.7% during the 3rd quarter. State Street Corp now owns 612,696 shares of the basic materials company’s stock worth $224,486,000 after purchasing an additional 255,849 shares in the last quarter. Riverbridge Partners LLC purchased a new position in shares of CSW Industrials in the 4th quarter valued at $42,202,000. Principal Financial Group Inc. lifted its stake in shares of CSW Industrials by 1,046.2% during the third 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. Loomis Sayles & Co. L P purchased a new position in CSW Industrials in the 3rd quarter worth approximately $25,589,000. Finally, Franklin Resources Inc. boosted its stake in shares of CSW Industrials by 2,006.7% in the third 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 period. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

CSW Industrials Price Performance

CSWI stock opened at $326.80 on Tuesday. The company has a 50-day moving average of $368.41 and a two-hundred day moving average of $360.63. The stock has a market capitalization of $5.48 billion, a price-to-earnings ratio of 39.04 and a beta of 0.84. CSW Industrials, Inc. has a 52-week low of $218.03 and a 52-week high of $436.50.

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

CSW Industrials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be given a dividend of $0.24 per share. The ex-dividend date is Friday, January 31st. This represents a $0.96 annualized dividend and a yield of 0.29%. CSW Industrials’s dividend payout ratio (DPR) is 11.47%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. StockNews.com downgraded shares of CSW Industrials from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Citigroup dropped their price target on 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 reduced their target price 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. Finally, The Goldman Sachs Group decreased their price target on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $384.67.

Insider Transactions at CSW Industrials

In related news, SVP Luke Alverson sold 1,416 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 $548,204.40. Following the completion of the transaction, the senior vice president now directly owns 17,156 shares of the company’s stock, valued at approximately $6,641,945.40. This represents a 7.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert M. Swartz sold 200 shares of CSW Industrials stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $321.78, for a total value of $64,356.00. Following the completion of the sale, the director now directly owns 13,519 shares in the company, valued at $4,350,143.82. This represents a 1.46 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,103 shares of company stock worth $3,841,894. Corporate insiders own 1.40% of the company’s stock.

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.