Park Avenue Securities LLC Has $767,000 Stock Holdings in CSW Industrials, Inc. (NASDAQ:CSWI)

Park Avenue Securities LLC increased its position in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 6.7% during the 1st quarter, HoldingsChannel.com reports. The fund owned 2,631 shares of the basic materials company’s stock after purchasing an additional 165 shares during the period. Park Avenue Securities LLC’s holdings in CSW Industrials were worth $767,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. IFP Advisors Inc boosted its position in CSW Industrials by 510.5% in the fourth quarter. IFP Advisors Inc now owns 116 shares of the basic materials company’s stock valued at $42,000 after buying an additional 97 shares in the last quarter. Versant Capital Management Inc boosted its position in CSW Industrials by 526.3% in the first quarter. Versant Capital Management Inc now owns 119 shares of the basic materials company’s stock valued at $35,000 after buying an additional 100 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in CSW Industrials in the fourth quarter valued at approximately $51,000. Jones Financial Companies Lllp boosted its position in CSW Industrials by 300.0% in the fourth quarter. Jones Financial Companies Lllp now owns 164 shares of the basic materials company’s stock valued at $58,000 after buying an additional 123 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its position in CSW Industrials by 49.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 231 shares of the basic materials company’s stock valued at $83,000 after buying an additional 76 shares in the last quarter. Institutional investors and hedge funds own 82.79% of the company’s stock.

Analyst Upgrades and Downgrades

CSWI has been the topic of a number of research analyst reports. Wells Fargo & Company raised their target price on shares of CSW Industrials from $295.00 to $305.00 and gave the company an “equal weight” rating in a research report on Friday, May 23rd. Citigroup raised their target price on shares of CSW Industrials from $313.00 to $321.00 and gave the company a “neutral” rating in a research report on Friday, May 23rd. Finally, Truist Financial assumed coverage on shares of CSW Industrials in a research report on Friday, February 14th. They issued a “hold” rating and a $362.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, CSW Industrials currently has a consensus rating of “Hold” and a consensus price target of $347.00.

CSW Industrials Stock Performance

Shares of NASDAQ:CSWI opened at $305.23 on Friday. The firm has a market cap of $5.13 billion, a PE ratio of 36.47 and a beta of 0.92. The firm’s fifty day moving average is $306.48 and its 200-day moving average is $329.01. CSW Industrials, Inc. has a 52 week low of $249.84 and a 52 week high of $436.50.

CSW Industrials (NASDAQ:CSWI) last issued its quarterly earnings results on Thursday, May 22nd. The basic materials company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $2.23 by $0.01. The company had revenue of $230.55 million for the quarter, compared to analyst estimates of $232.82 million. CSW Industrials had a net margin of 15.53% and a return on equity of 15.72%. During the same quarter in the previous year, the business earned $2.04 earnings per share. Sell-side analysts forecast that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, April 25th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date of this dividend was Friday, April 25th. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.24. CSW Industrials’s payout ratio is 12.84%.

Insider Transactions at CSW Industrials

In related news, Director Robert M. Swartz sold 200 shares of the business’s stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $301.38, for a total value of $60,276.00. Following the transaction, the director now owns 12,719 shares in the company, valued at $3,833,252.22. The trade was a 1.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Luke Alverson sold 1,100 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $292.12, for a total transaction of $321,332.00. Following the completion of the transaction, the senior vice president now owns 13,434 shares in the company, valued at approximately $3,924,340.08. The trade was a 7.57% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,195 shares of company stock worth $3,392,969. 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.