Bryce Point Capital LLC Invests $515,000 in CSW Industrials, Inc. (NASDAQ:CSWI)

Bryce Point Capital LLC purchased a new position in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,460 shares of the basic materials company's stock, valued at approximately $515,000.

Several other institutional investors have also recently made changes to their positions in CSWI. Trexquant Investment LP bought a new position in CSW Industrials during the 4th quarter worth about $2,531,000. Geode Capital Management LLC increased its holdings in CSW Industrials by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 393,853 shares of the basic materials company's stock valued at $138,983,000 after buying an additional 4,899 shares during the period. Franklin Resources Inc. raised its stake in CSW Industrials by 77.8% in the fourth quarter. Franklin Resources Inc. now owns 102,458 shares of the basic materials company's stock worth $36,147,000 after buying an additional 44,841 shares in the last quarter. CIBC Private Wealth Group LLC lifted its holdings in CSW Industrials by 49.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 231 shares of the basic materials company's stock worth $83,000 after buying an additional 76 shares during the period. Finally, Pictet Asset Management Holding SA boosted its position in CSW Industrials by 21.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 2,384 shares of the basic materials company's stock valued at $841,000 after acquiring an additional 426 shares in the last quarter. Hedge funds and other institutional investors own 82.79% of the company's stock.

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Analysts Set New Price Targets

Several research firms have recently commented on CSWI. The Goldman Sachs Group reduced their price target 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. Wells Fargo & Company reduced 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 report on Friday, January 31st. Citigroup lowered their price target on shares of CSW Industrials from $466.00 to $404.00 and set a "neutral" rating on the stock in a report on Monday, January 13th. StockNews.com cut shares of CSW Industrials from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Finally, Truist Financial initiated coverage on shares of CSW Industrials in a report on Friday, February 14th. They issued a "hold" rating and a $362.00 price target on the stock. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, CSW Industrials has a consensus rating of "Hold" and a consensus price target of $379.00.

Insider Buying and Selling at CSW Industrials

In other CSW Industrials news, SVP Luke Alverson sold 1,522 shares of CSW Industrials stock in a transaction on Monday, January 13th. The shares were sold at an average price of $358.16, for a total value of $545,119.52. Following the completion of the transaction, the senior vice president now owns 15,634 shares of the company's stock, valued at approximately $5,599,473.44. The trade was a 8.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert M. Swartz sold 200 shares of the company's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $289.10, for a total value of $57,820.00. Following the completion of the transaction, the director now directly owns 13,119 shares of the company's stock, valued at $3,792,702.90. The trade was a 1.50 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,534 shares of company stock valued at $3,133,640. 1.40% of the stock is owned by company insiders.

CSW Industrials Price Performance

NASDAQ:CSWI traded up $33.77 during trading hours on Wednesday, hitting $288.11. 212,970 shares of the company were exchanged, compared to its average volume of 133,110. The company's 50 day moving average price is $299.75 and its 200-day moving average price is $353.38. The stock has a market capitalization of $4.84 billion, a price-to-earnings ratio of 34.42 and a beta of 0.88. CSW Industrials, Inc. has a 52-week low of $229.49 and a 52-week high of $436.50.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share for the quarter, beating 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%. On average, equities analysts predict that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $0.96 annualized dividend and a dividend yield of 0.33%. CSW Industrials's dividend payout ratio (DPR) is presently 11.47%.

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.