By otakuyassine3@gmail.com 
Anderson Hoagland & Co. lessened its stake in CSW Industrials, Inc. (NASDAQ:CSWI – Free Report) by 12.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,478 shares of the basic materials company’s stock after selling 201 shares during the quarter. Anderson Hoagland & Co.’s holdings in CSW Industrials were worth $577,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake in shares of CSW Industrials by 7.4% in the 3rd quarter. Geode Capital Management LLC now owns 388,954 shares of the basic materials company’s stock valued at $142,536,000 after acquiring an additional 26,728 shares during the last quarter. Mutual of America Capital Management LLC bought a new stake in CSW Industrials in the third quarter valued at approximately $916,000. Charles Schwab Investment Management Inc. increased its stake in CSW Industrials by 13.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 168,369 shares of the basic materials company’s stock valued at $61,689,000 after purchasing an additional 19,659 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in CSW Industrials by 40.3% in the third quarter. Thrivent Financial for Lutherans now owns 28,423 shares of the basic materials company’s stock worth $10,414,000 after purchasing an additional 8,161 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in shares of CSW Industrials by 8.5% during the third quarter. The Manufacturers Life Insurance Company now owns 9,503 shares of the basic materials company’s stock worth $3,482,000 after purchasing an additional 744 shares in the last quarter. Institutional investors and hedge funds own 82.79% of the company’s stock.
Insiders Place Their Bets
In other news, CEO Joseph B. Armes sold 1,000 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $378.32, for a total value of $378,320.00. Following the sale, the chief executive officer now owns 48,848 shares of the company’s stock, valued at $18,480,175.36. The trade was a 2.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Luke Alverson sold 1,416 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $387.15, for a total transaction of $548,204.40. Following the transaction, the senior vice president now owns 17,156 shares of the company’s stock, valued at $6,641,945.40. The trade was a 7.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,903 shares of company stock valued at $3,777,538 in the last quarter. 1.40% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on CSWI. Wells Fargo & Company lowered their price objective on shares of CSW Industrials from $425.00 to $410.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 17th. The Goldman Sachs Group dropped their price target on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Citigroup cut their price objective on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a report on Monday, January 13th. Finally, StockNews.com raised CSW Industrials from a “hold” rating to a “buy” rating in a research note on Friday, December 6th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $404.67.
Read Our Latest Research Report on CSWI
CSW Industrials Price Performance
CSWI opened at $367.00 on Friday. The company has a market capitalization of $6.17 billion, a price-to-earnings ratio of 49.86 and a beta of 0.85. The business’s 50-day moving average price is $385.62 and its two-hundred day moving average price is $356.94. CSW Industrials, Inc. has a 1 year low of $203.83 and a 1 year high of $436.50.
CSW Industrials Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.26%. The ex-dividend date of this dividend is Friday, January 31st. CSW Industrials’s payout ratio is 13.04%.
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.
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