Nebula Research & Development LLC Buys New Stake in CSW Industrials, Inc. (NASDAQ:CSWI)

Nebula Research & Development LLC purchased a new stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 5,618 shares of the basic materials company's stock, valued at approximately $1,982,000.

Several other institutional investors have also bought and sold shares of the business. IFP Advisors Inc raised its holdings in CSW Industrials by 510.5% during the 4th quarter. IFP Advisors Inc now owns 116 shares of the basic materials company's stock valued at $42,000 after buying an additional 97 shares during the period. GAMMA Investing LLC increased its position in CSW Industrials by 94.3% during the fourth quarter. GAMMA Investing LLC now owns 136 shares of the basic materials company's stock valued at $48,000 after acquiring an additional 66 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of CSW Industrials in the fourth quarter valued at $51,000. Jones Financial Companies Lllp raised its stake in shares of CSW Industrials by 300.0% in the fourth quarter. Jones Financial Companies Lllp now owns 164 shares of the basic materials company's stock valued at $58,000 after acquiring an additional 123 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its holdings in shares of CSW Industrials by 49.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 231 shares of the basic materials company's stock worth $83,000 after acquiring an additional 76 shares during the last quarter. Institutional investors own 82.79% of the company's stock.

CSW Industrials Stock Down 0.7 %

Shares of NASDAQ CSWI opened at $312.09 on Friday. CSW Industrials, Inc. has a twelve month low of $237.19 and a twelve month high of $436.50. The firm has a market cap of $5.24 billion, a PE ratio of 37.29 and a beta of 0.88. The business has a fifty day simple moving average of $294.40 and a two-hundred day simple moving average of $347.75.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last released its quarterly earnings data 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, research analysts expect that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 25th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, April 25th. This is an increase from CSW Industrials's previous quarterly dividend of $0.24. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.35%. CSW Industrials's dividend payout ratio (DPR) is currently 12.90%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CSWI. Citigroup reduced their price objective on shares of CSW Industrials from $364.00 to $313.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Wells Fargo & Company decreased their price target on CSW Industrials from $350.00 to $295.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. The Goldman Sachs Group cut their price objective on CSW Industrials from $450.00 to $400.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 14th. Truist Financial assumed coverage on CSW Industrials in a research report on Friday, February 14th. They set a "hold" rating and a $362.00 target price for the company. Finally, StockNews.com cut shares of CSW Industrials from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. 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 a consensus rating of "Hold" and an average target price of $342.50.

Insider Activity at CSW Industrials

In related news, Director Robert M. Swartz sold 200 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $321.78, for a total transaction of $64,356.00. Following the sale, the director now owns 13,519 shares of the company's stock, valued at $4,350,143.82. This trade represents a 1.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $289.97, for a total transaction of $289,970.00. Following the sale, the chief executive officer now directly owns 46,848 shares of the company's stock, valued at approximately $13,584,514.56. The trade was a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,631 shares of company stock valued at $2,551,912 over the last ninety days. 1.40% of the stock is owned by company insiders.

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.

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