Vanguard Group Inc. Sells 41,679 Shares of CSW Industrials, Inc. (NYSE:CSW)

Vanguard Group Inc. lowered its stake in shares of CSW Industrials, Inc. (NYSE:CSW) by 2.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,811,037 shares of the basic materials company’s stock after selling 41,679 shares during the period. Vanguard Group Inc. owned approximately 10.79% of CSW Industrials worth $527,954,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Bailard Inc. boosted its holdings in CSW Industrials by 2.0% during the first quarter. Bailard Inc. now owns 1,705 shares of the basic materials company’s stock worth $497,000 after buying an additional 33 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of CSW Industrials by 9.3% during the 1st quarter. Fifth Third Bancorp now owns 401 shares of the basic materials company’s stock valued at $117,000 after purchasing an additional 34 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of CSW Industrials by 1.1% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,122 shares of the basic materials company’s stock valued at $910,000 after purchasing an additional 34 shares in the last quarter. TCTC Holdings LLC lifted its holdings in shares of CSW Industrials by 2.2% during the 1st quarter. TCTC Holdings LLC now owns 1,882 shares of the basic materials company’s stock valued at $549,000 after purchasing an additional 41 shares in the last quarter. Finally, Mariner LLC lifted its holdings in shares of CSW Industrials by 2.1% during the 4th quarter. Mariner LLC now owns 2,204 shares of the basic materials company’s stock valued at $778,000 after purchasing an additional 45 shares in the last quarter. Institutional investors own 82.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Citigroup lifted their price objective 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 cut their price objective on CSW Industrials from $305.00 to $285.00 and set an “equal weight” rating on the stock in a report on Friday, August 1st. Finally, Truist Financial set a $273.00 price objective on CSW Industrials and gave the company a “hold” rating in a report on Tuesday, August 5th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat, CSW Industrials has a consensus rating of “Hold” and an average price target of $319.75.

Insiders Place Their Bets

In other CSW Industrials news, SVP Luke Alverson sold 919 shares of the business’s stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $305.49, for a total transaction of $280,745.31. Following the transaction, the senior vice president owned 13,434 shares of the company’s stock, valued at $4,103,952.66. The trade was a 6.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Don Sullivan sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $301.05, for a total value of $301,050.00. Following the transaction, the executive vice president directly owned 23,708 shares in the company, valued at $7,137,293.40. This trade represents a 4.05% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,609 shares of company stock worth $1,381,198 in the last 90 days. Company insiders own 1.30% of the company’s stock.

CSW Industrials Stock Down 6.7%

Shares of CSW Industrials stock opened at $267.47 on Friday. The business’s 50 day simple moving average is $290.60 and its 200 day simple moving average is $300.63. CSW Industrials, Inc. has a 52-week low of $241.99 and a 52-week high of $436.50. The firm has a market cap of $4.49 billion, a PE ratio of 31.96 and a beta of 0.91. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.48 and a current ratio of 2.86.

CSW Industrials (NYSE:CSW) last announced its earnings results on Thursday, July 31st. The basic materials company reported $2.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.62 by $0.23. CSW Industrials had a return on equity of 13.78% and a net margin of 15.18%. The business had revenue of $263.65 million for the quarter, compared to analyst estimates of $278.27 million. On average, analysts predict that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Friday, July 25th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.4%. CSW Industrials’s dividend payout ratio is presently 12.90%.

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.