Yousif Capital Management LLC Has $1.83 Million Stake in CSW Industrials, Inc. (NASDAQ:CSWI)

Yousif Capital Management LLC lessened its holdings in CSW Industrials, Inc. (NASDAQ:CSWI) by 2.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,265 shares of the basic materials company’s stock after selling 142 shares during the period. Yousif Capital Management LLC’s holdings in CSW Industrials were worth $1,826,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Raymond James Financial Inc. purchased a new stake in CSW Industrials in the 4th quarter worth about $18,197,000. Avantax Advisory Services Inc. boosted its holdings in shares of CSW Industrials by 5.9% during the fourth quarter. Avantax Advisory Services Inc. now owns 826 shares of the basic materials company’s stock worth $291,000 after purchasing an additional 46 shares during the period. Congress Asset Management Co. grew its position in CSW Industrials by 1.2% during the fourth quarter. Congress Asset Management Co. now owns 206,195 shares of the basic materials company’s stock valued at $72,745,000 after purchasing an additional 2,544 shares in the last quarter. IFP Advisors Inc increased its stake in CSW Industrials by 510.5% in 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 period. Finally, Charles Schwab Investment Management Inc. lifted its position in CSW Industrials by 4.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 175,131 shares of the basic materials company’s stock worth $61,786,000 after buying an additional 6,762 shares in the last quarter. Hedge funds and other institutional investors own 82.79% of the company’s stock.

CSW Industrials Trading Up 0.2%

CSW Industrials stock opened at $305.23 on Monday. CSW Industrials, Inc. has a 1-year low of $249.84 and a 1-year high of $436.50. The firm’s fifty day simple moving average is $307.50 and its 200-day simple moving average is $326.95. The company has a market capitalization of $5.13 billion, a P/E ratio of 36.47 and a beta of 0.92.

CSW Industrials (NASDAQ:CSWI) last posted its earnings results on Thursday, May 22nd. The basic materials company reported $2.24 EPS for the quarter, topping the consensus estimate of $2.23 by $0.01. CSW Industrials had a net margin of 15.53% and a return on equity of 15.72%. The firm had revenue of $230.55 million for the quarter, compared to the consensus estimate of $232.82 million. During the same period in the prior year, the business posted $2.04 earnings per share. On average, equities research analysts predict that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 25th were issued a $0.27 dividend. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.24. This represents a $1.08 annualized dividend and a yield of 0.35%. The ex-dividend date of this dividend was Friday, April 25th. CSW Industrials’s payout ratio is 12.84%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CSWI shares. Citigroup boosted their price target on shares of CSW Industrials from $313.00 to $321.00 and gave the company a “neutral” rating in a report on Friday, May 23rd. Wells Fargo & Company boosted their target price on CSW Industrials from $295.00 to $305.00 and gave the company an “equal weight” rating in a research note on Friday, May 23rd. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $347.00.

Insiders Place Their Bets

In other CSW Industrials news, Director Robert M. Swartz sold 200 shares of the business’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $289.10, for a total transaction of $57,820.00. Following the completion of the transaction, the director now owns 13,119 shares of the company’s stock, valued at $3,792,702.90. The trade was a 1.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP James E. Perry sold 145 shares of the firm’s stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $304.00, for a total value of $44,080.00. Following the completion of the sale, the executive vice president now directly owns 25,468 shares in the company, valued at approximately $7,742,272. This represents a 0.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,873 shares of company stock valued at $2,422,546 over the last 90 days. 1.40% of the stock is currently owned by company insiders.

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.