Shelton Capital Management Invests $229,000 in CSW Industrials, Inc. (NASDAQ:CSWI)

Shelton Capital Management acquired a new position in shares of CSW Industrials, Inc. (NASDAQ:CSWI) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 649 shares of the basic materials company’s stock, valued at approximately $229,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Anchor Investment Management LLC boosted its holdings in shares of CSW Industrials by 2.5% during the third quarter. Anchor Investment Management LLC now owns 1,287 shares of the basic materials company’s stock worth $472,000 after purchasing an additional 32 shares during the last quarter. Atria Investments Inc boosted its stake in CSW Industrials by 1.4% in the 4th quarter. Atria Investments Inc now owns 2,367 shares of the basic materials company’s stock worth $835,000 after buying an additional 32 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in CSW Industrials by 0.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,934 shares of the basic materials company’s stock valued at $1,388,000 after buying an additional 34 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of CSW Industrials by 1.0% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,590 shares of the basic materials company’s stock valued at $1,267,000 after acquiring an additional 35 shares during the last quarter. Finally, Morse Asset Management Inc lifted its holdings in shares of CSW Industrials by 2.3% during the 3rd quarter. Morse Asset Management Inc now owns 1,621 shares of the basic materials company’s stock worth $594,000 after acquiring an additional 36 shares during the period. Institutional investors and hedge funds own 82.79% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Don Sullivan sold 2,222 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $292.12, for a total value of $649,090.64. Following the completion of the sale, the executive vice president now owns 24,853 shares of the company’s stock, valued at approximately $7,260,058.36. The trade was a 8.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Luke Alverson sold 1,522 shares of the stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $358.16, for a total transaction of $545,119.52. Following the transaction, the senior vice president now directly owns 15,634 shares in the company, valued at $5,599,473.44. The trade was a 8.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,534 shares of company stock worth $3,133,640 in the last three months. 1.40% of the stock is owned by insiders.

CSW Industrials Price Performance

NASDAQ:CSWI opened at $300.61 on Friday. The business’s 50-day moving average is $298.55 and its two-hundred day moving average is $352.31. The firm has a market capitalization of $5.05 billion, a PE ratio of 35.92 and a beta of 0.88. CSW Industrials, Inc. has a 12 month low of $229.49 and a 12 month high of $436.50.

CSW Industrials (NASDAQ:CSWI) last released its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.37 by $0.11. CSW Industrials had a return on equity of 15.72% and a net margin of 15.53%. Equities analysts anticipate 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 will be paid on Friday, May 9th. Investors of record on Friday, April 25th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.36%. This is an increase from CSW Industrials’s previous quarterly dividend of $0.24. CSW Industrials’s dividend payout ratio is currently 11.47%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Truist Financial began coverage on shares of CSW Industrials in a research note on Friday, February 14th. They set a “hold” rating and a $362.00 price target on the stock. StockNews.com downgraded CSW Industrials from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. The Goldman Sachs Group dropped their price target on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Citigroup reduced their price objective on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th. Finally, Wells Fargo & Company dropped their target price on shares of CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $379.00.

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.