Moerus Capital Management LLC Has $2.75 Million Stake in CSW Industrials, Inc. (NASDAQ:CSWI)

Moerus Capital Management LLC lessened its holdings in CSW Industrials, Inc. (NASDAQ:CSWI) by 9.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 7,780 shares of the basic materials company’s stock after selling 785 shares during the period. CSW Industrials accounts for 1.0% of Moerus Capital Management LLC’s portfolio, making the stock its 12th biggest position. Moerus Capital Management LLC’s holdings in CSW Industrials were worth $2,745,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in CSW Industrials by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 1,852,716 shares of the basic materials company’s stock valued at $653,638,000 after buying an additional 29,488 shares during the last quarter. State Street Corp grew its holdings in shares of CSW Industrials by 71.7% in the 3rd quarter. State Street Corp now owns 612,696 shares of the basic materials company’s stock valued at $224,486,000 after acquiring an additional 255,849 shares in the last quarter. Geode Capital Management LLC increased its position in shares of CSW Industrials by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 393,853 shares of the basic materials company’s stock valued at $138,983,000 after acquiring an additional 4,899 shares during the last quarter. Congress Asset Management Co. raised its holdings in CSW Industrials by 1.2% during the fourth quarter. Congress Asset Management Co. now owns 206,195 shares of the basic materials company’s stock worth $72,745,000 after acquiring an additional 2,544 shares in the last quarter. Finally, Proficio Capital Partners LLC boosted its position in CSW Industrials by 35,553.3% during the fourth quarter. Proficio Capital Partners LLC now owns 202,154 shares of the basic materials company’s stock valued at $71,320,000 after purchasing an additional 201,587 shares during the last quarter. Institutional investors and hedge funds own 82.79% of the company’s stock.

Analysts Set New Price Targets

CSWI has been the topic of several recent analyst reports. StockNews.com lowered CSW Industrials from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Truist Financial assumed coverage on shares of CSW Industrials in a report on Friday, February 14th. They set a “hold” rating and a $362.00 target price on the stock. Wells Fargo & Company cut their price target on shares of 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. The Goldman Sachs Group lowered their price objective on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Finally, Citigroup cut their target price on shares of CSW Industrials from $466.00 to $404.00 and set a “neutral” rating for the company in a research note on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, CSW Industrials has an average rating of “Hold” and a consensus target price of $379.00.

CSW Industrials Price Performance

CSWI stock opened at $263.79 on Friday. CSW Industrials, Inc. has a one year low of $229.49 and a one year high of $436.50. The stock has a market cap of $4.43 billion, a price-to-earnings ratio of 31.52 and a beta of 0.88. The company has a fifty day moving average price of $307.01 and a two-hundred day moving average price of $356.43.

CSW Industrials (NASDAQ:CSWI) last announced its earnings results on Thursday, January 30th. The basic materials company reported $1.48 EPS for the quarter, topping 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%. Research analysts anticipate that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal 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 0.36%. The ex-dividend date of this dividend was Friday, January 31st. CSW Industrials’s dividend payout ratio is 11.47%.

Insiders Place Their Bets

In other news, CEO Joseph B. Armes sold 1,000 shares of the 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 sale, the chief executive officer now directly owns 48,848 shares of the company’s stock, valued at approximately $18,480,175.36. This represents a 2.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO James E. Perry sold 145 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was 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 $7,165,501.14. The trade was a 0.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,534 shares of company stock worth $3,133,640 in the last quarter. 1.40% of the stock is currently owned by corporate 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.