Renaissance Technologies LLC Reduces Stake in CSW Industrials, Inc. (NASDAQ:CSWI)

Renaissance Technologies LLC lessened its stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 4.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 27,700 shares of the basic materials company’s stock after selling 1,200 shares during the period. Renaissance Technologies LLC’s holdings in CSW Industrials were worth $9,773,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in CSW Industrials by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 1,852,716 shares of the basic materials company’s stock worth $653,638,000 after purchasing an additional 29,488 shares during the last quarter. Geode Capital Management LLC grew its stake 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 valued at $138,983,000 after buying an additional 4,899 shares during the period. Congress Asset Management Co. grew its stake 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 buying an additional 2,544 shares during the period. Proficio Capital Partners LLC increased its holdings in shares of 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. Finally, Charles Schwab Investment Management Inc. raised its position in shares of CSW Industrials by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 175,131 shares of the basic materials company’s stock valued at $61,786,000 after buying an additional 6,762 shares during the period. Institutional investors and hedge funds own 82.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CSWI shares. StockNews.com cut CSW Industrials from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Wells Fargo & Company cut their price objective on CSW Industrials from $350.00 to $295.00 and set an “equal weight” rating for the company in a research report on Monday. The Goldman Sachs Group reduced their price objective on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Citigroup lowered their target price on shares of CSW Industrials from $364.00 to $313.00 and set a “neutral” rating for the company in a research note on Monday. Finally, Truist Financial started 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 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $342.50.

CSW Industrials Price Performance

Shares of CSW Industrials stock opened at $295.36 on Thursday. The stock has a market capitalization of $4.96 billion, a price-to-earnings ratio of 35.29 and a beta of 0.88. The business has a 50-day moving average of $296.83 and a 200 day moving average of $350.93. CSW Industrials, Inc. has a 12 month low of $229.49 and a 12 month high of $436.50.

CSW Industrials (NASDAQ:CSWI) 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 net margin of 15.53% and a return on equity of 15.72%. Equities research analysts anticipate that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 25th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, April 25th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.37%. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.24. CSW Industrials’s dividend payout ratio is currently 12.90%.

Insider Activity

In related news, CFO James E. Perry sold 145 shares of the firm’s stock in a transaction that occurred 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 sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Don Sullivan sold 2,222 shares of CSW Industrials stock in a transaction that occurred on Monday, March 17th. The stock was 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 owns 24,853 shares of the company’s stock, valued at $7,260,058.36. This represents a 8.21 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,631 shares of company stock worth $2,551,912. Corporate insiders own 1.40% of the company’s stock.

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.