Two Sigma Securities LLC Takes Position in CSW Industrials, Inc. (NASDAQ:CSWI)

Two Sigma Securities LLC bought a new position in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,218 shares of the basic materials company's stock, valued at approximately $1,135,000.

Other large investors have also recently modified their holdings of the company. Nebula Research & Development LLC bought a new stake in CSW Industrials during the 4th quarter worth approximately $1,982,000. Price T Rowe Associates Inc. MD increased its holdings in CSW Industrials by 0.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 207,136 shares of the basic materials company's stock worth $73,079,000 after acquiring an additional 661 shares during the period. Massar Capital Management LP bought a new stake in CSW Industrials during the 4th quarter worth approximately $1,219,000. Hsbc Holdings PLC increased its holdings in CSW Industrials by 254.3% during the 4th quarter. Hsbc Holdings PLC now owns 7,104 shares of the basic materials company's stock worth $2,506,000 after acquiring an additional 5,099 shares during the period. Finally, Stifel Financial Corp increased its holdings in CSW Industrials by 4.3% during the 4th quarter. Stifel Financial Corp now owns 8,867 shares of the basic materials company's stock worth $3,128,000 after acquiring an additional 362 shares during the period. Hedge funds and other institutional investors own 82.79% of the company's stock.

CSW Industrials Trading Down 0.2 %

Shares of NASDAQ:CSWI traded down $0.61 on Monday, reaching $311.48. 55,652 shares of the company traded hands, compared to its average volume of 135,229. The business's 50-day simple moving average is $294.40 and its 200 day simple moving average is $347.35. CSW Industrials, Inc. has a 52 week low of $237.19 and a 52 week high of $436.50. The stock has a market capitalization of $5.23 billion, a P/E ratio of 37.21 and a beta of 0.88.

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

CSW Industrials Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 25th will be paid a $0.27 dividend. The ex-dividend date is Friday, April 25th. This is a boost from CSW Industrials's previous quarterly dividend of $0.24. This represents a $1.08 annualized dividend and a dividend yield of 0.35%. CSW Industrials's dividend payout ratio (DPR) is presently 12.90%.

Insider Buying and Selling

In related news, SVP Luke Alverson sold 919 shares of the firm's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $303.21, for a total value of $278,649.99. Following the sale, the senior vice president now directly owns 14,353 shares of the company's stock, valued at $4,351,973.13. This trade represents a 6.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Don Sullivan sold 2,222 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $292.12, for a total value of $649,090.64. Following the completion of the sale, the executive vice president now directly owns 24,853 shares in the company, valued at $7,260,058.36. The trade was a 8.21 % 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 ninety days. 1.40% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on CSWI shares. Citigroup decreased 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, April 14th. Truist Financial began coverage on shares of CSW Industrials in a research note on Friday, February 14th. They issued a "hold" rating and a $362.00 price target for the company. StockNews.com cut shares of CSW Industrials from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. Wells Fargo & Company reduced their target price on shares of CSW Industrials from $350.00 to $295.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Finally, The Goldman Sachs Group lowered their price target 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. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, CSW Industrials currently has a consensus rating of "Hold" and an average target price of $342.50.

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.