Harbor Investment Advisory LLC Has $76,000 Position in CSW Industrials, Inc. (NASDAQ:CSWI)

Harbor Investment Advisory LLC lowered its holdings in CSW Industrials, Inc. (NASDAQ:CSWI) by 19.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 216 shares of the basic materials company’s stock after selling 52 shares during the quarter. Harbor Investment Advisory LLC’s holdings in CSW Industrials were worth $76,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of CSWI. State Street Corp boosted its stake in CSW Industrials by 71.7% in the third quarter. State Street Corp now owns 612,696 shares of the basic materials company’s stock worth $224,486,000 after purchasing an additional 255,849 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of CSW Industrials by 1,046.2% during the third quarter. Principal Financial Group Inc. now owns 84,991 shares of the basic materials company’s stock worth $31,140,000 after acquiring an additional 77,576 shares during the last quarter. Loomis Sayles & Co. L P bought a new stake in shares of CSW Industrials during the third quarter worth $25,589,000. Franklin Resources Inc. raised its position in shares of CSW Industrials by 2,006.7% during the third quarter. Franklin Resources Inc. now owns 57,617 shares of the basic materials company’s stock worth $22,702,000 after acquiring an additional 54,882 shares during the last quarter. Finally, Zimmer Partners LP bought a new stake in shares of CSW Industrials during the third quarter worth $18,796,000. Institutional investors and hedge funds own 82.79% of the company’s stock.

Insider Activity at CSW Industrials

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $404.79, for a total value of $404,790.00. Following the completion of the transaction, the chief executive officer now directly owns 50,698 shares of the company’s stock, valued at approximately $20,522,043.42. The trade was a 1.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,903 shares of company stock worth $3,777,538. 1.40% of the stock is owned by insiders.

CSW Industrials Trading Down 2.0 %

NASDAQ CSWI opened at $388.95 on Thursday. The stock has a 50-day simple moving average of $387.40 and a 200 day simple moving average of $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, Inc. has a 12 month low of $203.83 and a 12 month high of $436.50.

CSW Industrials Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

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.