Congress Wealth Management LLC DE Raises Holdings in CSW Industrials, Inc. (NASDAQ:CSWI)

Congress Wealth Management LLC DE increased its position in CSW Industrials, Inc. (NASDAQ:CSWI) by 2.6% in the 4th quarter, HoldingsChannel reports. The fund owned 34,513 shares of the basic materials company’s stock after purchasing an additional 880 shares during the period. Congress Wealth Management LLC DE’s holdings in CSW Industrials were worth $12,177,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Anchor Investment Management LLC increased its stake in shares of CSW Industrials by 2.5% in the third 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 in the last quarter. Atria Investments Inc boosted its holdings in CSW Industrials by 1.4% in the 4th quarter. Atria Investments Inc now owns 2,367 shares of the basic materials company’s stock worth $835,000 after buying an additional 32 shares during the period. Oregon Public Employees Retirement Fund grew its stake in CSW Industrials by 0.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,934 shares of the basic materials company’s stock valued at $1,388,000 after buying an additional 34 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in CSW Industrials by 1.0% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,590 shares of the basic materials company’s stock valued at $1,267,000 after acquiring an additional 35 shares during the period. Finally, Morse Asset Management Inc lifted its position in shares of CSW Industrials by 2.3% during the third 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 in the last quarter. 82.79% of the stock is currently owned by institutional investors.

CSW Industrials Trading Up 3.2 %

Shares of CSWI opened at $302.13 on Tuesday. CSW Industrials, Inc. has a 12-month low of $225.83 and a 12-month high of $436.50. The company has a market cap of $5.07 billion, a PE ratio of 36.10 and a beta of 0.80. The stock has a 50-day moving average price of $323.69 and a 200-day moving average price of $358.71.

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

CSW Industrials Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $0.96 dividend on an annualized basis and a yield of 0.32%. CSW Industrials’s payout ratio is 11.47%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Citigroup decreased their price objective on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th. Truist Financial began coverage on CSW Industrials in a research report on Friday, February 14th. They set a “hold” rating and a $362.00 price target on the stock. StockNews.com downgraded shares of CSW Industrials from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. The Goldman Sachs Group reduced their price objective on shares of 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, Wells Fargo & Company lowered their target price on shares of CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $379.00.

Insiders Place Their Bets

In related news, EVP Don Sullivan sold 1,800 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $377.58, for a total transaction of $679,644.00. Following the transaction, the executive vice president now directly owns 29,004 shares of the company’s stock, valued at approximately $10,951,330.32. This trade represents a 5.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert M. Swartz sold 200 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $354.65, for a total value of $70,930.00. Following the completion of the sale, the director now directly owns 13,719 shares of the company’s stock, valued at approximately $4,865,443.35. This represents a 1.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,389 shares of company stock valued at $3,104,831 over the last 90 days. Insiders own 1.40% of the company’s stock.

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.