Versor Investments LP acquired a new position in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 1,825 shares of the basic materials company's stock, valued at approximately $644,000.
Other institutional investors have also modified their holdings of the company. Proficio Capital Partners LLC lifted its holdings 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 worth $71,320,000 after buying an additional 201,587 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in CSW Industrials by 29.9% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 12,074 shares of the basic materials company's stock valued at $4,260,000 after purchasing an additional 2,780 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in CSW Industrials by 0.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,934 shares of the basic materials company's stock valued at $1,388,000 after purchasing an additional 34 shares during the last quarter. Illinois Municipal Retirement Fund purchased a new position in CSW Industrials in the fourth quarter valued at approximately $3,282,000. Finally, IFP Advisors Inc raised its holdings in CSW Industrials by 510.5% during the fourth quarter. IFP Advisors Inc now owns 116 shares of the basic materials company's stock worth $42,000 after purchasing an additional 97 shares in the last quarter. 82.79% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at CSW Industrials
In other news, EVP Don Sullivan sold 1,965 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $387.15, for a total transaction of $760,749.75. Following the completion of the transaction, the executive vice president now directly owns 30,804 shares of the company's stock, valued at approximately $11,925,768.60. This represents a 6.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Luke Alverson sold 1,416 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $387.15, for a total value of $548,204.40. Following the completion of the sale, the senior vice president now directly owns 17,156 shares of the company's stock, valued at $6,641,945.40. This represents a 7.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,448 shares of company stock worth $3,543,172 in the last three months. Insiders own 1.40% of the company's stock.
CSW Industrials Price Performance
Shares of NASDAQ:CSWI traded up $0.62 on Tuesday, reaching $304.64. The company's stock had a trading volume of 89,229 shares, compared to its average volume of 120,084. CSW Industrials, Inc. has a 52-week low of $221.10 and a 52-week high of $436.50. The stock's 50-day moving average is $342.81 and its two-hundred day moving average is $361.33. The stock has a market capitalization of $5.11 billion, a P/E ratio of 36.40 and a beta of 0.84.
CSW Industrials (NASDAQ:CSWI - Get Free Report) last posted its quarterly earnings data 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 forecast that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.
CSW Industrials Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.32%. The ex-dividend date of this dividend was Friday, January 31st. CSW Industrials's dividend payout ratio is presently 11.47%.
Wall Street Analyst Weigh In
A number of research firms recently commented on CSWI. Citigroup dropped their target price on shares of CSW Industrials from $466.00 to $404.00 and set a "neutral" rating on the stock in a research report on Monday, January 13th. Wells Fargo & Company dropped their price objective on CSW Industrials from $410.00 to $350.00 and set an "equal weight" rating on the stock in a report on Friday, January 31st. Truist Financial assumed coverage on CSW Industrials in a report on Friday, February 14th. They issued a "hold" rating and a $362.00 target price for the company. StockNews.com downgraded CSW Industrials from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. Finally, The Goldman Sachs Group reduced their price objective on 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 equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $379.00.
View Our Latest Report on CSWI
About CSW Industrials
(
Free Report)
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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