CSW Industrials, Inc. (NASDAQ:CSWI) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lessened its position in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 4.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,700 shares of the basic materials company's stock after selling 1,200 shares during the quarter. Renaissance Technologies LLC owned approximately 0.17% of CSW Industrials worth $9,773,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CSWI. National Bank of Canada FI acquired a new position in CSW Industrials during the third quarter worth about $28,000. IFP Advisors Inc raised its position in shares of CSW Industrials by 510.5% during the 4th 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 lifted its stake in CSW Industrials by 94.3% in the 4th quarter. GAMMA Investing LLC now owns 136 shares of the basic materials company's stock valued at $48,000 after buying an additional 66 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in CSW Industrials during the 4th quarter valued at $51,000. Finally, Jones Financial Companies Lllp boosted 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 valued at $58,000 after acquiring an additional 123 shares during the last quarter. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

CSW Industrials Trading Up 2.6 %

NASDAQ:CSWI traded up $7.69 on Tuesday, hitting $298.87. 102,893 shares of the stock were exchanged, compared to its average volume of 134,880. CSW Industrials, Inc. has a fifty-two week low of $232.20 and a fifty-two week high of $436.50. The stock has a market cap of $5.02 billion, a PE ratio of 35.71 and a beta of 0.88. The stock has a fifty day moving average of $294.90 and a 200-day moving average of $348.86.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share for the quarter, beating analysts' consensus estimates of $1.37 by $0.11. CSW Industrials had a net margin of 15.53% and a return on equity of 15.72%. As a group, analysts predict that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Increases Dividend

The business 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 is an increase from CSW Industrials's previous quarterly dividend of $0.24. This represents a $1.08 annualized dividend and a yield of 0.36%. The ex-dividend date of this dividend is Friday, April 25th. CSW Industrials's dividend payout ratio is currently 12.90%.

Analysts Set New Price Targets

Several research firms have commented on CSWI. Wells Fargo & Company lowered their target price on shares of 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. Citigroup lowered their price objective on CSW Industrials from $364.00 to $313.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. 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 objective on shares of CSW Industrials from $450.00 to $400.00 and set a "neutral" rating for the company in a research note on Tuesday, January 14th. Finally, Truist Financial assumed coverage on shares of CSW Industrials in a research report on Friday, February 14th. They issued a "hold" rating and a $362.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $342.50.

Insider Buying and Selling at CSW Industrials

In other news, SVP Luke Alverson sold 1,100 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $292.12, for a total value of $321,332.00. Following the completion of the sale, the senior vice president now owns 13,434 shares in the company, valued at approximately $3,924,340.08. This trade represents a 7.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert M. Swartz sold 200 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $289.10, for a total value of $57,820.00. Following the transaction, the director now directly owns 13,119 shares in the company, valued at $3,792,702.90. This trade represents a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,631 shares of company stock valued at $2,551,912 over the last three months. 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.