3,011 Shares in CSW Industrials, Inc. (NASDAQ:CSWI) Purchased by Inceptionr LLC

Inceptionr LLC acquired a new stake in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 3,011 shares of the basic materials company's stock, valued at approximately $1,062,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. National Bank of Canada FI purchased a new stake in shares of CSW Industrials during the third quarter worth approximately $28,000. IFP Advisors Inc raised its stake in shares of CSW Industrials by 510.5% during the fourth quarter. IFP Advisors Inc now owns 116 shares of the basic materials company's stock worth $42,000 after purchasing an additional 97 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of CSW Industrials by 94.3% during the fourth quarter. GAMMA Investing LLC now owns 136 shares of the basic materials company's stock worth $48,000 after purchasing an additional 66 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of CSW Industrials during the fourth quarter worth approximately $51,000. Finally, Jones Financial Companies Lllp raised its stake in shares of CSW Industrials by 300.0% during the fourth quarter. Jones Financial Companies Lllp now owns 164 shares of the basic materials company's stock worth $58,000 after purchasing an additional 123 shares during the last quarter. Hedge funds and other institutional investors own 82.79% of the company's stock.

CSW Industrials Price Performance

CSW Industrials stock traded up $1.32 during trading hours on Friday, hitting $301.45. The stock had a trading volume of 72,140 shares, compared to its average volume of 120,769. The stock has a market capitalization of $5.06 billion, a price-to-earnings ratio of 36.02 and a beta of 0.80. CSW Industrials, Inc. has a 1-year low of $221.10 and a 1-year high of $436.50. The stock's fifty day moving average is $338.13 and its two-hundred day moving average is $361.06.

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CSW Industrials (NASDAQ:CSWI - Get Free Report) last posted its 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%. As a group, sell-side analysts anticipate that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.32%. The ex-dividend date of this dividend was Friday, January 31st. CSW Industrials's dividend payout ratio (DPR) is 11.47%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CSWI. Truist Financial began coverage on CSW Industrials in a research note on Friday, February 14th. They set a "hold" rating and a $362.00 price target for the company. Citigroup cut their price objective 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. The Goldman Sachs Group cut their price objective 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. StockNews.com cut CSW Industrials from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Finally, Wells Fargo & Company cut their price objective on 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 analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $379.00.

Insider Buying and Selling at CSW Industrials

In related news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction 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 sale, the chief executive officer now owns 49,698 shares of the company's stock, valued at $19,371,286.44. This trade represents a 1.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO James E. Perry sold 145 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $307.77, for a total value of $44,626.65. Following the sale, the chief financial officer now directly owns 23,282 shares in the company, valued at approximately $7,165,501.14. The trade was a 0.62 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,448 shares of company stock valued at $3,543,172. Insiders own 1.40% of the company's stock.

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.