Corient Private Wealth LLC Has $3.06 Million Stock Position in CSW Industrials, Inc. (NASDAQ:CSWI)

Corient Private Wealth LLC decreased its stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 4.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,659 shares of the basic materials company’s stock after selling 434 shares during the quarter. Corient Private Wealth LLC’s holdings in CSW Industrials were worth $3,055,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Anchor Investment Management LLC increased its position in shares of CSW Industrials by 2.5% during the 3rd quarter. Anchor Investment Management LLC now owns 1,287 shares of the basic materials company’s stock worth $472,000 after purchasing an additional 32 shares during the last quarter. Atria Investments Inc boosted its stake in shares of 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 acquiring an additional 32 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in shares of CSW Industrials by 0.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,934 shares of the basic materials company’s stock worth $1,388,000 after acquiring an additional 34 shares during the period. Morse Asset Management Inc boosted its stake in shares of CSW Industrials by 2.3% during the 3rd quarter. Morse Asset Management Inc now owns 1,621 shares of the basic materials company’s stock worth $594,000 after acquiring an additional 36 shares during the period. Finally, OLD National Bancorp IN boosted its stake in shares of CSW Industrials by 3.9% during the 4th quarter. OLD National Bancorp IN now owns 982 shares of the basic materials company’s stock worth $346,000 after acquiring an additional 37 shares during the period. Institutional investors and hedge funds own 82.79% of the company’s stock.

CSW Industrials Price Performance

CSWI opened at $292.79 on Friday. The business has a fifty day simple moving average of $324.96 and a 200 day simple moving average of $358.34. The company has a market capitalization of $4.91 billion, a PE ratio of 34.98 and a beta of 0.80. CSW Industrials, Inc. has a 1 year low of $225.83 and a 1 year high of $436.50.

CSW Industrials (NASDAQ:CSWI) last released its earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.11. CSW Industrials had a return on equity of 15.72% and a net margin of 15.53%. Equities analysts anticipate that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a dividend of $0.24 per share. The ex-dividend date was Friday, January 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.33%. CSW Industrials’s payout ratio is 11.47%.

Insider Activity

In other news, EVP Don Sullivan sold 2,222 shares of the company’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $292.12, for a total transaction of $649,090.64. Following the completion of the sale, the executive vice president now directly owns 24,853 shares in the company, valued at approximately $7,260,058.36. This represents a 8.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Joseph B. Armes sold 1,000 shares of the business’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $289.97, for a total value of $289,970.00. Following the transaction, the chief executive officer now directly owns 46,848 shares of the company’s stock, valued at $13,584,514.56. This trade represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 9,389 shares of company stock worth $3,104,831. 1.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CSWI has been the subject of several research analyst reports. Truist Financial initiated coverage on CSW Industrials in a research note on Friday, February 14th. They set a “hold” rating and a $362.00 target price for the company. Wells Fargo & Company reduced their target price on CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Citigroup reduced their target price on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating for the company in a research note on Monday, January 13th. The Goldman Sachs Group reduced their target price on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Finally, StockNews.com downgraded CSW Industrials from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, CSW Industrials presently has a consensus rating of “Hold” and an average price target of $379.00.

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.