Riverbridge Partners LLC Makes New Investment in CSW Industrials, Inc. (NASDAQ:CSWI)

Riverbridge Partners LLC purchased a new position in CSW Industrials, Inc. (NASDAQ:CSWI) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 119,619 shares of the basic materials company’s stock, valued at approximately $42,202,000.

A number of other institutional investors have also recently made changes to their positions in CSWI. GAMMA Investing LLC grew its holdings in shares of CSW Industrials by 105.9% in the third 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 in the last quarter. National Bank of Canada FI purchased a new position in shares of CSW Industrials in the 3rd quarter worth $28,000. V Square Quantitative Management LLC purchased a new position in shares of CSW Industrials in the 3rd quarter worth $30,000. Peterson Financial Group Inc. bought a new stake in shares of CSW Industrials in the 3rd quarter worth about $72,000. Finally, Nisa Investment Advisors LLC raised its position in shares of CSW Industrials by 508.8% during the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 82.79% of the company’s stock.

Insider Buying and Selling

In other news, EVP Don Sullivan sold 1,965 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $387.15, for a total value of $760,749.75. Following the completion of the sale, the executive vice president now owns 30,804 shares in the company, valued at approximately $11,925,768.60. The trade was a 6.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Joseph B. Armes sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $389.78, for a total transaction of $389,780.00. Following the completion of the transaction, the chief executive officer now directly owns 49,698 shares of the company’s stock, valued at $19,371,286.44. This trade represents a 1.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,903 shares of company stock valued at $3,777,538 over the last quarter. 1.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CSWI shares. Citigroup decreased their price objective on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. StockNews.com raised shares of CSW Industrials from a “hold” rating to a “buy” rating in a research note on Friday, December 6th. Wells Fargo & Company reduced their target price on shares of CSW Industrials from $425.00 to $410.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 17th. Finally, The Goldman Sachs Group cut their price target on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, CSW Industrials has a consensus rating of “Hold” and an average price target of $404.67.

CSW Industrials Price Performance

CSWI stock opened at $388.95 on Thursday. CSW Industrials, Inc. has a 12 month low of $203.83 and a 12 month high of $436.50. The firm’s 50-day moving average is $387.40 and its 200 day moving average is $355.28. The company has a market capitalization of $6.54 billion, a PE ratio of 52.85 and a beta of 0.85.

CSW Industrials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.25%. The ex-dividend date of this dividend is Friday, January 31st. CSW Industrials’s dividend payout ratio is presently 13.04%.

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.