CSW Industrials, Inc. (NASDAQ:CSWI) Shares Acquired by Townsquare Capital LLC

Townsquare Capital LLC increased its stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 15.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 12,502 shares of the basic materials company's stock after purchasing an additional 1,667 shares during the period. Townsquare Capital LLC owned approximately 0.07% of CSW Industrials worth $4,411,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of CSW Industrials by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 1,852,716 shares of the basic materials company's stock valued at $653,638,000 after purchasing an additional 29,488 shares during the last quarter. Geode Capital Management LLC increased its position in shares of 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 worth $138,983,000 after purchasing an additional 4,899 shares in the last quarter. Congress Asset Management Co. lifted its holdings in shares of CSW Industrials by 1.2% in the 4th quarter. Congress Asset Management Co. now owns 206,195 shares of the basic materials company's stock valued at $72,745,000 after purchasing an additional 2,544 shares during the last quarter. Proficio Capital Partners LLC boosted its position in shares of CSW Industrials by 35,553.3% in the 4th quarter. Proficio Capital Partners LLC now owns 202,154 shares of the basic materials company's stock valued at $71,320,000 after purchasing an additional 201,587 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in CSW Industrials by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 175,131 shares of the basic materials company's stock worth $61,786,000 after buying an additional 6,762 shares during the period. Hedge funds and other institutional investors own 82.79% of the company's stock.

CSW Industrials Stock Performance

CSWI traded up $3.07 during trading on Friday, reaching $298.43. The company's stock had a trading volume of 68,468 shares, compared to its average volume of 134,723. The company's fifty day moving average price is $296.26 and its 200-day moving average price is $350.46. CSW Industrials, Inc. has a 52-week low of $231.09 and a 52-week high of $436.50. The company has a market capitalization of $5.01 billion, a price-to-earnings ratio of 35.65 and a beta of 0.88.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.48 EPS 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%. Equities 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 announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 25th will be given a dividend of $0.27 per share. This is a positive change from CSW Industrials's previous quarterly dividend of $0.24. This represents a $1.08 annualized dividend and a dividend yield of 0.36%. The ex-dividend date of this dividend is Friday, April 25th. CSW Industrials's payout ratio is presently 12.90%.

Insider Transactions at CSW Industrials

In related news, CEO Joseph B. Armes sold 1,000 shares of the business's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $298.03, for a total transaction of $298,030.00. Following the sale, the chief executive officer now owns 66,522 shares of the company's stock, valued at approximately $19,825,551.66. The trade was a 1.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Don Sullivan sold 2,222 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $292.12, for a total transaction of $649,090.64. Following the completion of the transaction, the executive vice president now directly owns 24,853 shares of the company's stock, valued at approximately $7,260,058.36. This trade represents a 8.21 % 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 in the last ninety days. 1.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Citigroup cut their target price on shares of CSW Industrials from $364.00 to $313.00 and set a "neutral" rating on the stock in a report on Monday. Truist Financial began coverage on shares of CSW Industrials in a research note on Friday, February 14th. They set a "hold" rating and a $362.00 target price for the company. Wells Fargo & Company dropped their price target on CSW Industrials from $350.00 to $295.00 and set an "equal weight" rating on the stock in a research report on Monday. StockNews.com cut CSW Industrials from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Finally, The Goldman Sachs Group dropped their target price on CSW Industrials from $450.00 to $400.00 and set a "neutral" rating on the stock in a report on Tuesday, January 14th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, CSW Industrials currently has a consensus rating of "Hold" and an average price target of $342.50.

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.