Y Intercept Hong Kong Ltd Makes New Investment in CSW Industrials, Inc. (NASDAQ:CSWI)

Y Intercept Hong Kong Ltd acquired a new stake in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,049 shares of the basic materials company's stock, valued at approximately $370,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CSWI. National Bank of Canada FI acquired a new stake in shares of CSW Industrials in the third quarter valued at about $28,000. GAMMA Investing LLC increased its holdings in shares of CSW Industrials by 94.3% in the fourth quarter. GAMMA Investing LLC now owns 136 shares of the basic materials company's stock valued at $48,000 after purchasing an additional 66 shares during the last quarter. Peterson Financial Group Inc. purchased a new position in CSW Industrials during the third quarter worth approximately $72,000. Nisa Investment Advisors LLC increased its stake in shares of CSW Industrials by 508.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 207 shares of the basic materials company's stock worth $76,000 after acquiring an additional 173 shares during the last quarter. Finally, Covestor Ltd raised its holdings in shares of CSW Industrials by 17.4% during the 3rd quarter. Covestor Ltd now owns 263 shares of the basic materials company's stock worth $96,000 after acquiring an additional 39 shares during the period. Hedge funds and other institutional investors own 82.79% of the company's stock.

Insider Buying and Selling at CSW Industrials

In other news, CEO Joseph B. Armes sold 1,000 shares of the company's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $389.78, for a total value of $389,780.00. Following the sale, the chief executive officer now directly owns 49,698 shares in the company, valued at $19,371,286.44. This represents a 1.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO James E. Perry sold 145 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $307.77, for a total value of $44,626.65. Following the completion of the transaction, the chief financial officer now owns 23,282 shares of the company's stock, valued at $7,165,501.14. This trade represents a 0.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,448 shares of company stock valued at $3,543,172. Insiders own 1.40% of the company's stock.

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CSW Industrials Stock Performance

NASDAQ CSWI traded up $0.27 during trading on Friday, reaching $300.40. The company's stock had a trading volume of 27,922 shares, compared to its average volume of 119,732. CSW Industrials, Inc. has a twelve month low of $221.10 and a twelve month high of $436.50. The business's fifty day moving average price is $339.24 and its 200-day moving average price is $360.45. The firm has a market cap of $5.04 billion, a price-to-earnings ratio of 35.89 and a beta of 0.84.

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%. As a group, sell-side analysts forecast that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid 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 was Friday, January 31st. CSW Industrials's dividend payout ratio (DPR) is 11.47%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Truist Financial started coverage on CSW Industrials in a research report on Friday, February 14th. They issued a "hold" rating and a $362.00 price objective for the company. Wells Fargo & Company decreased their target price 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. Citigroup reduced their price target on CSW Industrials from $466.00 to $404.00 and set a "neutral" rating on the stock in a research report on Monday, January 13th. StockNews.com cut shares of CSW Industrials from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. Finally, The Goldman Sachs Group decreased 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 analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus 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.