4,023 Shares in CSW Industrials, Inc. (NASDAQ:CSWI) Acquired by Numerai GP LLC

Numerai GP LLC acquired a new position in shares of CSW Industrials, Inc. (NASDAQ:CSWI) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 4,023 shares of the basic materials company’s stock, valued at approximately $1,419,000.

Several other large investors also recently modified their holdings of CSWI. Vanguard Group Inc. raised its holdings in CSW Industrials by 1.6% in the 4th 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 during the period. Geode Capital Management LLC increased its position in CSW Industrials by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 393,853 shares of the basic materials company’s stock worth $138,983,000 after buying an additional 4,899 shares during the period. Northern Trust Corp boosted its position in shares of CSW Industrials by 5.6% in the fourth quarter. Northern Trust Corp now owns 217,655 shares of the basic materials company’s stock valued at $76,789,000 after acquiring an additional 11,465 shares during the period. Price T Rowe Associates Inc. MD increased its position in CSW Industrials by 0.3% during the fourth 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. Finally, Congress Asset Management Co. raised its stake in 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 worth $72,745,000 after purchasing an additional 2,544 shares in the last quarter. 82.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CSWI has been the topic of a number of recent research reports. StockNews.com lowered CSW Industrials from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Citigroup cut their price target on shares of CSW Industrials from $364.00 to $313.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Truist Financial began coverage on CSW Industrials in a research note on Friday, February 14th. They set a “hold” rating and a $362.00 target price for the company. The Goldman Sachs Group lowered their price target on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Finally, Wells Fargo & Company dropped their target price on shares of CSW Industrials from $350.00 to $295.00 and set an “equal weight” rating for the company in a report on Monday, April 14th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $342.50.

CSW Industrials Stock Up 2.1%

CSWI stock opened at $336.30 on Wednesday. The firm has a market cap of $5.64 billion, a price-to-earnings ratio of 40.18 and a beta of 0.96. The company’s fifty day simple moving average is $296.80 and its 200 day simple moving average is $341.90. CSW Industrials, Inc. has a 12-month low of $239.67 and a 12-month high of $436.50.

CSW Industrials Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, April 25th were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, April 25th. This represents a $1.08 annualized dividend and a yield of 0.32%. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.24. CSW Industrials’s dividend payout ratio is presently 12.90%.

Insider Buying and Selling at CSW Industrials

In other news, Director Robert M. Swartz sold 200 shares of the stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $312.87, for a total value of $62,574.00. Following the completion of the sale, the director now directly owns 12,919 shares of the company’s stock, valued at $4,041,967.53. This represents a 1.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO James E. Perry sold 145 shares of the firm’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 transaction, the chief financial officer now owns 23,282 shares in the company, valued at approximately $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 quarter, insiders sold 8,776 shares of company stock valued at $2,595,496. Company insiders own 1.40% of the company’s stock.

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.