CSW Industrials, Inc. (NASDAQ:CSWI) Stake Cut by Jane Street Group LLC

Jane Street Group LLC trimmed its holdings in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 18.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,849 shares of the basic materials company's stock after selling 8,559 shares during the quarter. Jane Street Group LLC owned about 0.22% of CSW Industrials worth $13,501,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its stake in CSW Industrials by 105.9% during the 3rd quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company's stock valued at $26,000 after buying an additional 36 shares during the period. V Square Quantitative Management LLC bought a new position in shares of CSW Industrials in the third quarter valued at approximately $30,000. Peterson Financial Group Inc. acquired a new position in shares of CSW Industrials during the third quarter valued at approximately $72,000. Nisa Investment Advisors LLC raised its holdings in CSW Industrials by 508.8% during the third quarter. Nisa Investment Advisors LLC now owns 207 shares of the basic materials company's stock worth $76,000 after purchasing an additional 173 shares in the last quarter. Finally, Covestor Ltd lifted its position in CSW Industrials by 17.4% in the third quarter. Covestor Ltd now owns 263 shares of the basic materials company's stock worth $96,000 after purchasing an additional 39 shares during the period. 82.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CSWI has been the topic of several research analyst reports. Wells Fargo & Company initiated coverage on CSW Industrials in a research report on Monday, November 25th. They set an "equal weight" rating and a $425.00 price target on the stock. StockNews.com raised CSW Industrials from a "hold" rating to a "buy" rating in a report on Friday, December 6th. Citigroup raised shares of CSW Industrials to a "hold" rating in a report on Wednesday, November 13th. Finally, The Goldman Sachs Group began coverage on shares of CSW Industrials in a research report on Friday, December 6th. They set a "neutral" rating and a $450.00 price objective for the company. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $437.50.

Insiders Place Their Bets

In related news, CEO Joseph B. Armes sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $393.34, for a total value of $393,340.00. Following the completion of the transaction, the chief executive officer now owns 51,698 shares of the company's stock, valued at approximately $20,334,891.32. This trade represents a 1.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last quarter, insiders have sold 3,000 shares of company stock worth $1,139,500. Company insiders own 1.40% of the company's stock.

CSW Industrials Price Performance

Shares of NASDAQ:CSWI traded down $4.32 on Thursday, reaching $396.02. 35,867 shares of the company traded hands, compared to its average volume of 125,285. The stock has a market capitalization of $6.66 billion, a PE ratio of 54.39 and a beta of 0.81. The company's 50 day moving average is $396.05 and its 200-day moving average is $333.20. CSW Industrials, Inc. has a fifty-two week low of $191.08 and a fifty-two week high of $436.50.

CSW Industrials Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, October 25th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, October 25th. This represents a $0.96 dividend on an annualized basis and a yield of 0.24%. This is a boost from CSW Industrials's previous quarterly dividend of $0.21. CSW Industrials's dividend payout ratio (DPR) is currently 13.04%.

About CSW Industrials

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.