Pitcairn Co. Sells 350 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

Pitcairn Co. lessened its position in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 14.4% in the 4th quarter, HoldingsChannel reports. The fund owned 2,078 shares of the basic materials company’s stock after selling 350 shares during the period. Pitcairn Co.’s holdings in CSW Industrials were worth $733,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. The Manufacturers Life Insurance Company boosted its stake in CSW Industrials by 8.5% in the 3rd 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. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of CSW Industrials by 13.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,742 shares of the basic materials company’s stock worth $1,005,000 after buying an additional 331 shares during the period. Captrust Financial Advisors grew its holdings in shares of CSW Industrials by 11.5% during the third quarter. Captrust Financial Advisors now owns 1,097 shares of the basic materials company’s stock valued at $402,000 after buying an additional 113 shares during the last quarter. Verition Fund Management LLC acquired a new position in shares of CSW Industrials in the 3rd quarter valued at $237,000. Finally, HighTower Advisors LLC raised its stake in CSW Industrials by 1.4% in the 3rd quarter. HighTower Advisors LLC now owns 3,524 shares of the basic materials company’s stock worth $1,279,000 after acquiring an additional 47 shares during the last quarter. Institutional investors own 82.79% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on CSWI. Citigroup dropped their price target 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. StockNews.com downgraded shares of CSW Industrials from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Truist Financial began coverage on shares of CSW Industrials in a research note on Friday, February 14th. They set a “hold” rating and a $362.00 price objective for the company. Wells Fargo & Company cut their price objective 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. Finally, The Goldman Sachs Group decreased 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 report on Tuesday, January 14th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $379.00.

CSW Industrials Price Performance

NASDAQ:CSWI opened at $263.79 on Friday. The company has a 50 day moving average price of $307.01 and a 200-day moving average price of $356.34. CSW Industrials, Inc. has a 1-year low of $229.49 and a 1-year high of $436.50. The firm has a market cap of $4.43 billion, a price-to-earnings ratio of 31.52 and a beta of 0.88.

CSW Industrials (NASDAQ:CSWI) last released its quarterly earnings data 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 net margin of 15.53% and a return on equity of 15.72%. On average, sell-side analysts anticipate that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Dividend Announcement

The firm 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 was Friday, January 31st. This represents a $0.96 dividend on an annualized basis and a yield of 0.36%. CSW Industrials’s dividend payout ratio is currently 11.47%.

Insider Buying and Selling at CSW Industrials

In related news, Director Robert M. Swartz sold 200 shares of CSW Industrials stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $289.10, for a total value of $57,820.00. Following the sale, the director now directly owns 13,119 shares in the company, valued at approximately $3,792,702.90. The trade was a 1.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO James E. Perry sold 145 shares of the firm’s stock in a transaction that occurred 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 owns 23,282 shares in the company, valued at approximately $7,165,501.14. This trade represents a 0.62 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,534 shares of company stock valued at $3,133,640. Company insiders own 1.40% of the company’s stock.

CSW Industrials Company 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.