Mountain Pacific Investment Advisers LLC Decreases Stock Position in CSW Industrials, Inc. (NASDAQ:CSWI)

Mountain Pacific Investment Advisers LLC decreased its stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 9.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 100,765 shares of the basic materials company’s stock after selling 10,342 shares during the quarter. CSW Industrials makes up 2.5% of Mountain Pacific Investment Advisers LLC’s investment portfolio, making the stock its 13th biggest holding. Mountain Pacific Investment Advisers LLC owned approximately 0.60% of CSW Industrials worth $35,550,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. HB Wealth Management LLC acquired a new position in shares of CSW Industrials during the fourth quarter worth $1,353,000. Argent Capital Management LLC lifted its position in CSW Industrials by 39.3% in the fourth quarter. Argent Capital Management LLC now owns 1,406 shares of the basic materials company’s stock valued at $496,000 after acquiring an additional 397 shares during the last quarter. Park Avenue Securities LLC grew its holdings in shares of CSW Industrials by 2.4% during the fourth quarter. Park Avenue Securities LLC now owns 2,466 shares of the basic materials company’s stock worth $870,000 after purchasing an additional 58 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of CSW Industrials by 20.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 67,043 shares of the basic materials company’s stock worth $23,653,000 after purchasing an additional 11,417 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of CSW Industrials by 94.3% in the 4th quarter. GAMMA Investing LLC now owns 136 shares of the basic materials company’s stock valued at $48,000 after purchasing an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 82.79% of the company’s stock.

Wall Street Analysts Forecast Growth

CSWI has been the topic of several research analyst reports. Citigroup cut 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 price target on shares of CSW Industrials from $425.00 to $410.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 17th. The Goldman Sachs Group lowered their price objective on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Finally, StockNews.com raised shares of CSW Industrials from a “hold” rating to a “buy” rating in a report on Friday, December 6th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $404.67.

CSW Industrials Price Performance

CSW Industrials stock opened at $390.21 on Tuesday. The business has a 50 day simple moving average of $387.83 and a 200-day simple moving average of $354.40. CSW Industrials, Inc. has a 12 month low of $203.83 and a 12 month high of $436.50. The stock has a market capitalization of $6.56 billion, a PE ratio of 53.02 and a beta of 0.85.

CSW Industrials Dividend Announcement

The company also recently announced 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%. The ex-dividend date is Friday, January 31st. CSW Industrials’s dividend payout ratio (DPR) is presently 13.04%.

Insider Activity

In related news, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $404.79, for a total value of $404,790.00. Following the completion of the sale, the chief executive officer now owns 50,698 shares in the company, valued at $20,522,043.42. This trade represents a 1.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert M. Swartz sold 200 shares of CSW Industrials stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $354.65, for a total value of $70,930.00. Following the completion of the sale, the director now directly owns 13,719 shares in the company, valued at $4,865,443.35. This represents a 1.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,903 shares of company stock valued at $3,777,538 over the last quarter. 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.