MGB Wealth Management LLC Purchases 61 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

MGB Wealth Management LLC boosted its position in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 4.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,386 shares of the basic materials company’s stock after buying an additional 61 shares during the quarter. MGB Wealth Management LLC’s holdings in CSW Industrials were worth $489,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in CSWI. GAMMA Investing LLC raised its holdings in shares of CSW Industrials by 105.9% in the 3rd quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 36 shares during the period. National Bank of Canada FI bought a new position in CSW Industrials during the third quarter worth about $28,000. V Square Quantitative Management LLC bought a new position in CSW Industrials during the third quarter worth about $30,000. Peterson Financial Group Inc. acquired a new position in CSW Industrials during the third quarter worth approximately $72,000. Finally, Nisa Investment Advisors LLC raised its stake in CSW Industrials by 508.8% in the third quarter. Nisa Investment Advisors LLC now owns 207 shares of the basic materials company’s stock valued at $76,000 after buying an additional 173 shares during the period. Institutional investors and hedge funds own 82.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CSWI. 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. 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 report on Tuesday, January 14th. StockNews.com lowered shares of CSW Industrials from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, Citigroup reduced their target price on shares of CSW Industrials from $466.00 to $404.00 and set a “neutral” rating for the company in a report on Monday, January 13th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $384.67.

CSW Industrials Price Performance

CSWI opened at $314.75 on Thursday. The business has a fifty day simple moving average of $364.72 and a 200 day simple moving average of $361.04. CSW Industrials, Inc. has a 1 year low of $218.03 and a 1 year high of $436.50. The company has a market capitalization of $5.28 billion, a PE ratio of 37.60 and a beta of 0.84.

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 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%. Equities analysts anticipate that CSW Industrials, Inc. will post 8.59 earnings per share for the current fiscal year.

CSW Industrials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.31%. CSW Industrials’s payout ratio is presently 11.47%.

Insider Transactions at CSW Industrials

In other news, CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $404.79, for a total transaction of $404,790.00. Following the completion of the sale, the chief executive officer now directly owns 50,698 shares in the company, valued at approximately $20,522,043.42. This represents a 1.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert M. Swartz sold 200 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $321.78, for a total value of $64,356.00. Following the completion of the transaction, the director now owns 13,519 shares in the company, valued at $4,350,143.82. The trade was a 1.46 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,103 shares of company stock valued at $3,841,894. 1.40% of the stock is currently owned by company 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.