CSW Industrials, Inc. (NYSE:CSW) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lessened its position in CSW Industrials, Inc. (NYSE:CSW) by 14.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 834 shares of the basic materials company’s stock after selling 138 shares during the period. PNC Financial Services Group Inc.’s holdings in CSW Industrials were worth $243,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Conestoga Capital Advisors LLC increased its holdings in shares of CSW Industrials by 5.1% in the 1st quarter. Conestoga Capital Advisors LLC now owns 603,277 shares of the basic materials company’s stock valued at $175,867,000 after purchasing an additional 29,285 shares in the last quarter. Northern Trust Corp increased its holdings in shares of CSW Industrials by 5.6% in the 4th 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 in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of CSW Industrials by 0.3% in the 4th 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of CSW Industrials by 5.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 117,472 shares of the basic materials company’s stock valued at $41,444,000 after purchasing an additional 6,213 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of CSW Industrials by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 91,204 shares of the basic materials company’s stock valued at $26,588,000 after purchasing an additional 2,143 shares in the last quarter. Institutional investors and hedge funds own 82.79% of the company’s stock.

Insider Activity at CSW Industrials

In other CSW Industrials news, SVP Luke Alverson sold 919 shares of the firm’s stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $305.49, for a total transaction of $280,745.31. Following the sale, the senior vice president directly owned 13,434 shares of the company’s stock, valued at $4,103,952.66. This trade represents a 6.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP James E. Perry sold 145 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $275.05, for a total transaction of $39,882.25. Following the sale, the executive vice president directly owned 25,178 shares in the company, valued at $6,925,208.90. This represents a 0.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,609 shares of company stock worth $1,381,198 over the last three months. Company insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CSW shares. Wells Fargo & Company cut their price target on shares of CSW Industrials from $305.00 to $285.00 and set an “equal weight” rating for the company in a report on Friday, August 1st. Truist Financial set a $273.00 price target on shares of CSW Industrials and gave the company a “hold” rating in a report on Tuesday, August 5th. Finally, Citigroup increased 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. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat, CSW Industrials has an average rating of “Hold” and an average price target of $319.75.

CSW Industrials Stock Performance

NYSE:CSW opened at $259.45 on Friday. The company has a current ratio of 2.86, a quick ratio of 1.48 and a debt-to-equity ratio of 0.09. The firm has a 50-day moving average price of $289.69 and a two-hundred day moving average price of $299.64. CSW Industrials, Inc. has a twelve month low of $241.99 and a twelve month high of $436.50. The company has a market capitalization of $4.36 billion, a P/E ratio of 31.00 and a beta of 0.91.

CSW Industrials (NYSE:CSW) last posted its earnings results on Thursday, July 31st. The basic materials company reported $2.85 earnings per share for the quarter, beating the consensus estimate of $2.62 by $0.23. CSW Industrials had a net margin of 15.18% and a return on equity of 13.78%. The firm had revenue of $263.65 million during the quarter, compared to the consensus estimate of $278.27 million. As a group, research analysts expect that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Friday, July 25th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.4%. CSW Industrials’s dividend payout ratio is currently 12.90%.

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.