Bank of America Corp DE Sells 18,208 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

Bank of America Corp DE trimmed its holdings in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 21.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 66,958 shares of the basic materials company’s stock after selling 18,208 shares during the period. Bank of America Corp DE owned about 0.40% of CSW Industrials worth $23,623,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of CSW Industrials by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 1,852,716 shares of the basic materials company’s stock valued at $653,638,000 after acquiring an additional 29,488 shares during the last quarter. Geode Capital Management LLC lifted its position in CSW Industrials by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 393,853 shares of the basic materials company’s stock valued at $138,983,000 after purchasing an additional 4,899 shares during the last quarter. Northern Trust Corp boosted its stake in shares of CSW Industrials by 5.6% during the fourth quarter. Northern Trust Corp now owns 217,655 shares of the basic materials company’s stock valued at $76,789,000 after purchasing an additional 11,465 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of CSW Industrials by 0.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 207,136 shares of the basic materials company’s stock valued at $73,079,000 after purchasing an additional 661 shares during the period. Finally, Congress Asset Management Co. grew its holdings in shares of CSW Industrials by 1.2% in the fourth quarter. Congress Asset Management Co. now owns 206,195 shares of the basic materials company’s stock worth $72,745,000 after purchasing an additional 2,544 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 CSW Industrials news, EVP Don Sullivan sold 2,222 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $292.12, for a total value of $649,090.64. Following the sale, the executive vice president now owns 24,853 shares in the company, valued at approximately $7,260,058.36. This represents a 8.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $289.97, for a total transaction of $289,970.00. Following the transaction, the chief executive officer now directly owns 46,848 shares of the company’s stock, valued at $13,584,514.56. This represents a 2.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,276 shares of company stock valued at $3,093,736 over the last ninety days. Company insiders own 1.40% of the company’s stock.

CSW Industrials Stock Performance

CSWI stock opened at $331.23 on Monday. CSW Industrials, Inc. has a fifty-two week low of $240.21 and a fifty-two week high of $436.50. The company has a market capitalization of $5.56 billion, a price-to-earnings ratio of 39.57 and a beta of 0.96. The business’s 50 day moving average price is $299.66 and its two-hundred day moving average price is $341.12.

CSW Industrials Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 25th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.33%. This is a boost from CSW Industrials’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Friday, April 25th. CSW Industrials’s dividend payout ratio is presently 12.90%.

Wall Street Analysts Forecast Growth

CSWI has been the subject of a number of recent analyst reports. StockNews.com lowered shares of CSW Industrials from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Truist Financial began coverage on shares of CSW Industrials in a research note on Friday, February 14th. They set a “hold” rating and a $362.00 price objective for the company. Wells Fargo & Company dropped their target price on shares of CSW Industrials from $350.00 to $295.00 and set an “equal weight” rating for the company in a report on Monday, April 14th. Finally, Citigroup reduced their price objective on shares of CSW Industrials from $364.00 to $313.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $342.50.

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.