CSW Industrials, Inc. $CSW Stock Sold by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC cut its holdings in shares of CSW Industrials, Inc. (NYSE:CSW) by 19.4% during the third quarter, Holdings Channel reports. The fund owned 380,389 shares of the basic materials company’s stock after selling 91,338 shares during the period. CSW Industrials makes up about 3.3% of Conestoga Capital Advisors LLC’s portfolio, making the stock its 9th biggest position. Conestoga Capital Advisors LLC’s holdings in CSW Industrials were worth $109,582,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Covestor Ltd grew its holdings in CSW Industrials by 74.5% during the 3rd quarter. Covestor Ltd now owns 96 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 41 shares during the last quarter. Mountain Pacific Investment Advisers LLC increased its position in CSW Industrials by 8.7% in the 3rd quarter. Mountain Pacific Investment Advisers LLC now owns 20,286 shares of the basic materials company’s stock valued at $5,844,000 after acquiring an additional 1,626 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al raised its stake in shares of CSW Industrials by 57.7% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 1,640 shares of the basic materials company’s stock worth $472,000 after acquiring an additional 600 shares during the last quarter. Moody Aldrich Partners LLC raised its stake in shares of CSW Industrials by 4.0% in the third quarter. Moody Aldrich Partners LLC now owns 16,964 shares of the basic materials company’s stock worth $4,887,000 after acquiring an additional 659 shares during the last quarter. Finally, Schwartz Investment Counsel Inc. raised its stake in shares of CSW Industrials by 0.5% in the third quarter. Schwartz Investment Counsel Inc. now owns 26,655 shares of the basic materials company’s stock worth $7,678,000 after acquiring an additional 120 shares during the last quarter. Institutional investors and hedge funds own 82.79% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CSW shares. Wells Fargo & Company reduced their target price on shares of CSW Industrials from $320.00 to $290.00 and set an “equal weight” rating on the stock in a research report on Friday, October 30th. JPMorgan Chase & Co. raised their price target on shares of CSW Industrials from $350.00 to $380.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Truist Financial dropped their price objective on shares of CSW Industrials from $332.00 to $328.00 and set a “hold” rating for the company in a research report on Monday. Wall Street Zen downgraded CSW Industrials from a “buy” rating to a “hold” rating in a report on Sunday, October 18th. Finally, Citigroup reduced their price objective on CSW Industrials from $340.00 to $326.00 and set a “neutral” rating on the stock in a report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $340.71.

CSW Industrials Trading Up 6.0%

CSW opened at $296.35 on Thursday. The firm has a 50 day simple moving average of $295.71 and a 200 day simple moving average of $290.37. CSW Industrials, Inc. has a fifty-two week low of $237.50 and a fifty-two week high of $355.48. The company has a market cap of $4.83 billion, a price-to-earnings ratio of 23.18, a price-to-earnings-growth ratio of 1.79 and a beta of 0.80. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.35 and a quick ratio of 1.15.

CSW Industrials (NYSE:CSW) last announced its quarterly earnings data on Thursday, October 29th. The basic materials company reported $3.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.69 by ($0.03). CSW Industrials had a net margin of 10.17% and a return on equity of 18.38%. The business had revenue of $361.44 million during the quarter. During the same quarter in the previous year, the firm posted $2.96 earnings per share. The business’s revenue was up 30.5% on a year-over-year basis. On average, sell-side analysts anticipate that CSW Industrials, Inc. will post 12.50 earnings per share for the current year.

CSW Industrials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Friday, October 30th. CSW Industrials’s dividend payout ratio (DPR) is currently 15.42%.

Insider Buying and Selling at CSW Industrials

In other CSW Industrials news, EVP Jeff Underwood sold 720 shares of the stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $346.96, for a total value of $249,811.20. Following the transaction, the executive vice president owned 6,409 shares of the company’s stock, valued at approximately $2,223,666.64. This represents a 10.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Joseph Armes sold 1,500 shares of the firm’s stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $287.04, for a total value of $430,560.00. Following the transaction, the chief executive officer owned 64,083 shares in the company, valued at approximately $18,394,384.32. This trade represents a 2.29% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 3,720 shares of company stock worth $1,114,741 over the last 90 days. 1.20% of the stock is owned by corporate insiders.

About CSW Industrials

CSW Industrials, Inc (NYSE: CSW) is a diversified industrial company that develops, manufactures and sells products designed for professional trades, commercial and residential construction, and industrial maintenance applications. Its offerings are marketed primarily through established brands and distribution channels serving contractors, building professionals and industrial customers.

The company operates through three principal segments: Contractor Solutions, Engineered Building Solutions and Specialized Reliability Solutions.