CSW Industrials, Inc. (NASDAQ:CSWI) Shares Purchased by Argent Capital Management LLC

Argent Capital Management LLC boosted its stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 39.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,406 shares of the basic materials company’s stock after acquiring an additional 397 shares during the period. Argent Capital Management LLC’s holdings in CSW Industrials were worth $496,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its stake in shares of CSW Industrials by 90.0% during the second quarter. Envestnet Asset Management Inc. now owns 52,357 shares of the basic materials company’s stock worth $13,891,000 after purchasing an additional 24,802 shares in the last quarter. Edgestream Partners L.P. purchased a new stake in CSW Industrials during the 2nd quarter worth approximately $716,000. Vanguard Personalized Indexing Management LLC acquired a new position in shares of CSW Industrials during the second quarter valued at approximately $343,000. Hsbc Holdings PLC lifted its position in shares of CSW Industrials by 2.0% in the second quarter. Hsbc Holdings PLC now owns 1,743 shares of the basic materials company’s stock valued at $461,000 after acquiring an additional 34 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of CSW Industrials in the second quarter worth approximately $229,000. 82.79% of the stock is owned by hedge funds and other institutional investors.

CSW Industrials Trading Up 1.3 %

Shares of CSWI stock opened at $385.34 on Friday. CSW Industrials, Inc. has a twelve month low of $203.83 and a twelve month high of $436.50. The company’s 50-day moving average price is $389.08 and its 200-day moving average price is $351.48. The stock has a market cap of $6.48 billion, a price-to-earnings ratio of 52.36 and a beta of 0.85.

CSW Industrials Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.25%. CSW Industrials’s dividend payout ratio (DPR) is 13.04%.

Analyst Upgrades and Downgrades

Several research firms recently commented on CSWI. StockNews.com raised CSW Industrials from a “hold” rating to a “buy” rating in a research note on Friday, December 6th. Wells Fargo & Company decreased their price target on shares of CSW Industrials from $425.00 to $410.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 17th. The Goldman Sachs Group dropped their price objective on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, Citigroup decreased their target price on shares of CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a research note on Monday. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $404.67.

Insider Transactions at CSW Industrials

In other news, EVP Don Sullivan sold 1,965 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $387.15, for a total transaction of $760,749.75. Following the completion of the transaction, the executive vice president now directly owns 30,804 shares in the company, valued at approximately $11,925,768.60. This represents a 6.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert M. Swartz sold 200 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $354.65, for a total transaction of $70,930.00. Following the completion of the sale, the director now owns 13,719 shares in the company, valued at approximately $4,865,443.35. This trade represents a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,903 shares of company stock worth $3,777,538 in the last 90 days. 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.