U.S. Capital Wealth Advisors LLC Grows Position in CSW Industrials, Inc. (NASDAQ:CSWI)

U.S. Capital Wealth Advisors LLC lifted its holdings in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 40.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,500 shares of the basic materials company’s stock after acquiring an additional 1,000 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in CSW Industrials were worth $1,235,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. State Street Corp boosted its position in CSW Industrials by 71.7% in the third 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 during the last quarter. Riverbridge Partners LLC purchased a new position in CSW Industrials in the fourth quarter worth about $42,202,000. Principal Financial Group Inc. boosted its position in CSW Industrials by 1,046.2% in 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 during the last quarter. Loomis Sayles & Co. L P purchased a new position in CSW Industrials in the third quarter worth about $25,589,000. Finally, Franklin Resources Inc. boosted its position in 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 worth $22,702,000 after purchasing an additional 54,882 shares during the last quarter. 82.79% of the stock is owned by hedge funds and other institutional investors.

CSW Industrials Stock Down 0.8 %

CSWI stock opened at $319.85 on Wednesday. The business’s 50-day moving average price is $373.98 and its 200-day moving average price is $359.95. The stock has a market cap of $5.37 billion, a P/E ratio of 38.21 and a beta of 0.84. CSW Industrials, Inc. has a twelve month low of $216.61 and a twelve month high of $436.50.

CSW Industrials (NASDAQ:CSWI) last issued its earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share (EPS) for the quarter, beating 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%. On average, equities research analysts expect that CSW Industrials, Inc. will post 8.22 earnings per share for the current fiscal year.

CSW Industrials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.30%. The ex-dividend date of this dividend is Friday, January 31st. CSW Industrials’s dividend payout ratio (DPR) is presently 11.47%.

Insider Activity at CSW Industrials

In other CSW Industrials news, EVP Don Sullivan sold 1,965 shares of CSW Industrials stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $387.15, for a total value of $760,749.75. Following the sale, the executive vice president now owns 30,804 shares of the company’s stock, valued at $11,925,768.60. The trade was a 6.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction that occurred on Friday, November 15th. The stock was 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 directly owns 50,698 shares in the company, valued at approximately $20,522,043.42. The trade was a 1.93 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,103 shares of company stock valued at $3,841,894. 1.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Wells Fargo & Company dropped their target price on CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. The Goldman Sachs Group lowered their price objective on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. StockNews.com cut CSW Industrials from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Citigroup lowered their price objective 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. Four 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 has a consensus rating of “Hold” and a consensus target price of $384.67.

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.