Trexquant Investment LP Acquires New Shares in CSW Industrials, Inc. (NASDAQ:CSWI)

Trexquant Investment LP acquired a new position in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 7,175 shares of the basic materials company's stock, valued at approximately $2,531,000.

Several other large investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in CSW Industrials by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 1,852,716 shares of the basic materials company's stock valued at $653,638,000 after acquiring an additional 29,488 shares in the last quarter. State Street Corp lifted its holdings in shares of CSW Industrials by 71.7% during the 3rd quarter. State Street Corp now owns 612,696 shares of the basic materials company's stock valued at $224,486,000 after purchasing an additional 255,849 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of CSW Industrials by 1.3% in the 4th 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. grew its stake in CSW Industrials by 1.2% during the 4th quarter. Congress Asset Management Co. now owns 206,195 shares of the basic materials company's stock worth $72,745,000 after buying an additional 2,544 shares during the last quarter. Finally, Proficio Capital Partners LLC increased its position in CSW Industrials by 35,553.3% during 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 buying an additional 201,587 shares in the last quarter. Institutional investors own 82.79% of the company's stock.

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CSW Industrials Stock Performance

NASDAQ CSWI traded up $18.61 on Friday, reaching $300.61. 144,092 shares of the company's stock traded hands, compared to its average volume of 133,912. The firm has a market cap of $5.05 billion, a price-to-earnings ratio of 35.92 and a beta of 0.88. The stock has a 50 day moving average price of $298.55 and a 200-day moving average price of $352.31. CSW Industrials, Inc. has a fifty-two week low of $229.49 and a fifty-two week high of $436.50.

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 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, equities research analysts anticipate that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Increases Dividend

The company 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 dividend of $0.27 per share. 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 yield of 0.36%. CSW Industrials's dividend payout ratio is 12.90%.

Insider Activity at CSW Industrials

In related news, EVP James E. Perry sold 145 shares of the firm's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $289.10, for a total value of $41,919.50. Following the transaction, the executive vice president now directly owns 23,137 shares of the company's stock, valued at approximately $6,688,906.70. This trade represents a 0.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert M. Swartz sold 200 shares of CSW Industrials stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $321.78, for a total value of $64,356.00. Following the completion of the sale, the director now owns 13,519 shares in the company, valued at approximately $4,350,143.82. The trade was a 1.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,534 shares of company stock worth $3,133,640. 1.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

CSWI has been the topic of a number of research analyst reports. Wells Fargo & Company dropped their price target on CSW Industrials from $410.00 to $350.00 and set an "equal weight" rating on the stock in a research note on Friday, January 31st. StockNews.com lowered shares of CSW Industrials from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. The Goldman Sachs Group lowered 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. Citigroup reduced their target price on CSW Industrials from $466.00 to $404.00 and set a "neutral" rating for the company in a research note on Monday, January 13th. Finally, Truist Financial started coverage on CSW Industrials in a research note on Friday, February 14th. They set a "hold" rating and a $362.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, CSW Industrials currently has an average rating of "Hold" and an average target price of $379.00.

CSW Industrials Company 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.