Andina Capital Management LLC Raises Holdings in CSW Industrials, Inc. (NASDAQ:CSWI)

Andina Capital Management LLC boosted its stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 5.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,641 shares of the basic materials company’s stock after purchasing an additional 82 shares during the quarter. Andina Capital Management LLC’s holdings in CSW Industrials were worth $579,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of CSWI. Vanguard Personalized Indexing Management LLC purchased a new position in shares of CSW Industrials in the 2nd quarter valued at about $343,000. Hsbc Holdings PLC increased its holdings in shares of CSW Industrials by 2.0% in the 2nd quarter. Hsbc Holdings PLC now owns 1,743 shares of the basic materials company’s stock valued at $461,000 after acquiring an additional 34 shares during the last quarter. XTX Topco Ltd purchased a new position in CSW Industrials during the 2nd quarter worth approximately $229,000. Xponance Inc. grew its stake in CSW Industrials by 3.7% during the 2nd quarter. Xponance Inc. now owns 976 shares of the basic materials company’s stock worth $259,000 after buying an additional 35 shares during the last quarter. Finally, Squarepoint Ops LLC purchased a new position in CSW Industrials during the 2nd quarter worth approximately $2,147,000. Hedge funds and other institutional investors own 82.79% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on CSWI. 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 note on Tuesday, January 14th. Wells Fargo & Company reduced their price target on CSW Industrials from $425.00 to $410.00 and set an “equal weight” rating for the company in a report on Tuesday, December 17th. Citigroup reduced their price target on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating for the company in a report on Monday, January 13th. Finally, StockNews.com raised CSW Industrials from a “hold” rating to a “buy” rating in a report on Friday, December 6th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, CSW Industrials presently has an average rating of “Hold” and an average price target of $404.67.

CSW Industrials Stock Performance

Shares of CSWI stock opened at $367.00 on Friday. The stock has a fifty day moving average price of $385.62 and a 200 day moving average price of $356.94. The stock has a market cap of $6.17 billion, a PE ratio of 49.86 and a beta of 0.85. CSW Industrials, Inc. has a 1 year low of $203.83 and a 1 year high of $436.50.

CSW Industrials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be issued a dividend of $0.24 per share. The ex-dividend date is Friday, January 31st. This represents a $0.96 annualized dividend and a yield of 0.26%. CSW Industrials’s dividend payout ratio is presently 13.04%.

Insider Buying and Selling

In other CSW Industrials news, EVP Don Sullivan sold 1,965 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $387.15, for a total transaction of $760,749.75. Following the completion of the transaction, the executive vice president now owns 30,804 shares of the company’s stock, valued at approximately $11,925,768.60. This trade represents a 6.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $389.78, for a total value of $389,780.00. Following the transaction, the chief executive officer now directly owns 49,698 shares of the company’s stock, valued at $19,371,286.44. The trade was a 1.97 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,903 shares of company stock valued at $3,777,538. 1.40% of the stock is owned by insiders.

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.