State of Alaska Department of Revenue Purchases 67 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

State of Alaska Department of Revenue increased its holdings in CSW Industrials, Inc. (NASDAQ:CSWI) by 0.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,557 shares of the basic materials company’s stock after acquiring an additional 67 shares during the quarter. State of Alaska Department of Revenue owned about 0.06% of CSW Industrials worth $3,371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the business. GAMMA Investing LLC increased its holdings in shares of CSW Industrials by 105.9% during the third quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 36 shares in the last quarter. National Bank of Canada FI purchased a new stake in shares of CSW Industrials in the third quarter worth $28,000. V Square Quantitative Management LLC purchased a new stake in CSW Industrials in the 3rd quarter worth $30,000. Peterson Financial Group Inc. bought a new stake in CSW Industrials during the 3rd quarter valued at approximately $72,000. Finally, Nisa Investment Advisors LLC raised its position in shares of CSW Industrials by 508.8% during 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 last quarter. Institutional investors own 82.79% of the company’s stock.

Insider Buying and Selling

In other news, Director Robert M. Swartz sold 200 shares of CSW Industrials stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $321.78, for a total transaction of $64,356.00. Following the completion of the sale, the director now directly owns 13,519 shares in the company, valued at approximately $4,350,143.82. The trade was a 1.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Joseph B. Armes sold 1,000 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $404.79, for a total transaction of $404,790.00. Following the sale, the chief executive officer now directly owns 50,698 shares in the company, valued at $20,522,043.42. This trade represents a 1.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,103 shares of company stock worth $3,841,894 in the last three months. Corporate insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CSWI. StockNews.com downgraded CSW Industrials from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Citigroup reduced their target price 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. Wells Fargo & Company decreased their price target 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. Finally, The Goldman Sachs Group lowered 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. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, CSW Industrials has a consensus rating of “Hold” and a consensus price target of $384.67.

CSW Industrials Trading Down 0.9 %

Shares of NASDAQ CSWI opened at $325.19 on Monday. The stock has a market capitalization of $5.46 billion, a PE ratio of 38.85 and a beta of 0.84. The stock’s fifty day simple moving average is $368.41 and its two-hundred day simple moving average is $360.63. CSW Industrials, Inc. has a 12-month low of $218.03 and a 12-month 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 earnings per share (EPS) for the quarter, topping 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%. On average, equities analysts predict that CSW Industrials, Inc. will post 8.59 earnings per share for the current fiscal year.

CSW Industrials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.96 annualized dividend and a dividend yield of 0.30%. CSW Industrials’s dividend payout ratio (DPR) is currently 11.47%.

CSW Industrials 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.