CSW Industrials, Inc. (NASDAQ:CSWI) Shares Sold by Fairhaven Wealth Management LLC

Fairhaven Wealth Management LLC lessened its holdings in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 12.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,850 shares of the basic materials company’s stock after selling 260 shares during the quarter. Fairhaven Wealth Management LLC’s holdings in CSW Industrials were worth $653,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. IFP Advisors Inc boosted its stake in shares of CSW Industrials by 510.5% during the 4th quarter. IFP Advisors Inc now owns 116 shares of the basic materials company’s stock valued at $42,000 after buying an additional 97 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in CSW Industrials in the fourth quarter valued at $370,000. Navellier & Associates Inc. boosted its stake in CSW Industrials by 67.1% during the 4th quarter. Navellier & Associates Inc. now owns 1,736 shares of the basic materials company’s stock valued at $612,000 after acquiring an additional 697 shares during the last quarter. Hardy Reed LLC acquired a new position in CSW Industrials during the 4th quarter worth $267,000. Finally, Handelsbanken Fonder AB increased its position in shares of CSW Industrials by 11.0% in the 4th quarter. Handelsbanken Fonder AB now owns 6,069 shares of the basic materials company’s stock worth $2,141,000 after purchasing an additional 600 shares during the last quarter. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, SVP Luke Alverson sold 1,522 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $358.16, for a total transaction of $545,119.52. Following the completion of the transaction, the senior vice president now directly owns 15,634 shares in the company, valued at approximately $5,599,473.44. The trade was a 8.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Don Sullivan sold 1,965 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 30,804 shares in the company, valued at approximately $11,925,768.60. This represents a 6.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,103 shares of company stock valued at $3,437,104 in the last quarter. Company insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. 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 price target on the stock. StockNews.com lowered CSW Industrials from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Citigroup lowered their price target on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating for the company in a report on Monday, January 13th. 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. Finally, The Goldman Sachs Group decreased their price objective 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 research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $379.00.

CSW Industrials Stock Down 0.9 %

Shares of CSWI stock opened at $299.38 on Tuesday. The business has a 50 day moving average of $348.78 and a two-hundred day moving average of $361.43. The company has a market cap of $5.02 billion, a P/E ratio of 35.77 and a beta of 0.84. CSW Industrials, Inc. has a 52 week low of $221.10 and a 52 week high of $436.50.

CSW Industrials (NASDAQ:CSWI) last released 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 return on equity of 15.72% and a net margin of 15.53%. Analysts expect that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a $0.24 dividend. The ex-dividend date was Friday, January 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.32%. CSW Industrials’s dividend payout ratio (DPR) is presently 11.47%.

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.