Montanaro Asset Management Ltd Has $12.35 Million Stock Position in CSW Industrials, Inc. (NASDAQ:CSWI)

Montanaro Asset Management Ltd cut its holdings in CSW Industrials, Inc. (NASDAQ:CSWI) by 22.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,000 shares of the basic materials company’s stock after selling 10,000 shares during the period. CSW Industrials comprises approximately 2.5% of Montanaro Asset Management Ltd’s investment portfolio, making the stock its 16th biggest holding. Montanaro Asset Management Ltd’s holdings in CSW Industrials were worth $12,348,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. National Bank of Canada FI bought a new position in CSW Industrials in the third quarter valued at $28,000. IFP Advisors Inc grew its holdings in shares of CSW Industrials by 510.5% in the 4th quarter. IFP Advisors Inc now owns 116 shares of the basic materials company’s stock valued at $42,000 after acquiring an additional 97 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of CSW Industrials by 94.3% in the 4th quarter. GAMMA Investing LLC now owns 136 shares of the basic materials company’s stock valued at $48,000 after acquiring an additional 66 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in CSW Industrials during the fourth quarter worth about $51,000. Finally, Jones Financial Companies Lllp boosted its position in CSW Industrials by 300.0% during the fourth quarter. Jones Financial Companies Lllp now owns 164 shares of the basic materials company’s stock valued at $58,000 after purchasing an additional 123 shares during the last quarter. 82.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $378.32, for a total transaction of $378,320.00. Following the transaction, the chief executive officer now owns 48,848 shares in the company, valued at $18,480,175.36. This trade represents a 2.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO James E. Perry sold 145 shares of CSW Industrials stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $307.77, for a total value of $44,626.65. Following the completion of the transaction, the chief financial officer now directly owns 23,282 shares of the company’s stock, valued at $7,165,501.14. This represents a 0.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,389 shares of company stock worth $3,104,831 in the last quarter. 1.40% of the stock is currently owned by corporate insiders.

CSW Industrials Stock Down 2.3 %

Shares of NASDAQ:CSWI opened at $299.76 on Thursday. The stock has a market cap of $5.03 billion, a PE ratio of 35.81 and a beta of 0.80. CSW Industrials, Inc. has a 12-month low of $226.05 and a 12-month high of $436.50. The business has a 50 day moving average of $320.79 and a 200-day moving average of $358.45.

CSW Industrials (NASDAQ:CSWI) last issued its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.48 EPS 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 research analysts expect that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Announces Dividend

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

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.