KBC Group NV Acquires 134 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

KBC Group NV increased its holdings in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 19.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 840 shares of the basic materials company’s stock after purchasing an additional 134 shares during the period. KBC Group NV’s holdings in CSW Industrials were worth $245,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Atria Investments Inc raised its holdings in CSW Industrials by 1.4% during the 4th quarter. Atria Investments Inc now owns 2,367 shares of the basic materials company’s stock worth $835,000 after buying an additional 32 shares during the period. Fifth Third Bancorp raised its holdings in shares of CSW Industrials by 9.3% during the first quarter. Fifth Third Bancorp now owns 401 shares of the basic materials company’s stock worth $117,000 after acquiring an additional 34 shares during the period. Sequoia Financial Advisors LLC lifted its position in CSW Industrials by 1.1% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,122 shares of the basic materials company’s stock valued at $910,000 after acquiring an additional 34 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in CSW Industrials by 1.0% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,590 shares of the basic materials company’s stock worth $1,267,000 after purchasing an additional 35 shares during the period. Finally, TCTC Holdings LLC increased its holdings in CSW Industrials by 2.3% during the 4th quarter. TCTC Holdings LLC now owns 1,841 shares of the basic materials company’s stock worth $650,000 after purchasing an additional 41 shares in the last quarter. Institutional investors own 82.79% of the company’s stock.

Insiders Place Their Bets

In related news, EVP James E. Perry sold 145 shares of the company’s stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $304.00, for a total transaction of $44,080.00. Following the completion of the sale, the executive vice president directly owned 25,468 shares in the company, valued at $7,742,272. This represents a 0.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $298.03, for a total transaction of $298,030.00. Following the completion of the sale, the chief executive officer directly owned 66,522 shares in the company, valued at approximately $19,825,551.66. This trade represents a 1.48% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,528 shares of company stock worth $2,322,806. 1.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

CSWI has been the topic of a number of research reports. Citigroup boosted their price target on 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 investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $347.00.

CSW Industrials Stock Performance

The firm has a market cap of $5.13 billion, a P/E ratio of 36.47 and a beta of 0.92. The business’s 50 day simple moving average is $310.61 and its 200-day simple moving average is $317.52. CSW Industrials, Inc. has a one year low of $249.84 and a one year high of $436.50.

CSW Industrials (NASDAQ:CSWI) last issued its earnings results on Thursday, May 22nd. The basic materials company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $2.23 by $0.01. CSW Industrials had a net margin of 15.53% and a return on equity of 15.72%. The company had revenue of $230.55 million for the quarter, compared to analysts’ expectations of $232.82 million. During the same quarter last year, the company earned $2.04 EPS. Analysts expect that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Increases Dividend

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

CSW Industrials 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.