CSW Industrials, Inc. (NASDAQ:CSWI) Shares Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. increased its stake in CSW Industrials, Inc. (NASDAQ:CSWI) by 18.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,267 shares of the basic materials company’s stock after purchasing an additional 4,945 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.19% of CSW Industrials worth $11,031,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of CSWI. National Bank of Canada FI acquired a new stake in CSW Industrials during the 3rd quarter valued at approximately $28,000. IFP Advisors Inc lifted its stake in CSW Industrials by 510.5% during 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 during the period. GAMMA Investing LLC lifted its stake in CSW Industrials by 94.3% during 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 during the period. SBI Securities Co. Ltd. acquired a new stake in CSW Industrials during the 4th quarter valued at approximately $51,000. Finally, Jones Financial Companies Lllp lifted its stake in CSW Industrials by 300.0% during the 4th quarter. Jones Financial Companies Lllp now owns 164 shares of the basic materials company’s stock valued at $58,000 after acquiring an additional 123 shares during the period. 82.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Robert M. Swartz sold 200 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $307.21, for a total value of $61,442.00. Following the completion of the sale, the director now owns 13,319 shares of the company’s stock, valued at approximately $4,091,729.99. The trade was a 1.48 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Don Sullivan sold 1,965 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $387.15, for a total transaction of $760,749.75. Following the completion of the sale, the executive vice president now directly owns 30,804 shares of the company’s stock, valued at approximately $11,925,768.60. The trade was a 6.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,448 shares of company stock valued at $3,543,172. 1.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have commented on CSWI. Citigroup decreased their price objective 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. 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. 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 report on Tuesday, January 14th. StockNews.com lowered shares of CSW Industrials from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Finally, Wells Fargo & Company cut their target price on shares of CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $379.00.

CSW Industrials Price Performance

NASDAQ:CSWI opened at $291.01 on Friday. The firm has a market cap of $4.88 billion, a price-to-earnings ratio of 34.77 and a beta of 0.80. The company has a 50 day moving average price of $331.80 and a 200-day moving average price of $359.44. CSW Industrials, Inc. has a 1-year low of $221.10 and a 1-year high of $436.50.

CSW Industrials (NASDAQ:CSWI) last issued its quarterly 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%. On average, sell-side analysts anticipate that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.33%. The ex-dividend date of this dividend was Friday, January 31st. CSW Industrials’s payout ratio is presently 11.47%.

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.