Bayesian Capital Management LP Invests $939,000 in CSW Industrials, Inc. (NASDAQ:CSWI)

Bayesian Capital Management LP purchased a new stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 2,662 shares of the basic materials company’s stock, valued at approximately $939,000.

Other institutional investors have also added to or reduced their stakes in the company. Barclays PLC lifted its stake in shares of CSW Industrials by 431.2% during the 3rd quarter. Barclays PLC now owns 29,272 shares of the basic materials company’s stock worth $10,725,000 after acquiring an additional 23,761 shares during the last quarter. Tidal Investments LLC lifted its position in shares of CSW Industrials by 142.7% during the third quarter. Tidal Investments LLC now owns 3,526 shares of the basic materials company’s stock worth $1,292,000 after purchasing an additional 2,073 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of CSW Industrials by 2,006.7% during the third quarter. Franklin Resources Inc. now owns 57,617 shares of the basic materials company’s stock valued at $22,702,000 after purchasing an additional 54,882 shares during the period. Principal Financial Group Inc. grew its holdings in shares of CSW Industrials by 1,046.2% in the third quarter. Principal Financial Group Inc. now owns 84,991 shares of the basic materials company’s stock worth $31,140,000 after purchasing an additional 77,576 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in CSW Industrials by 94.3% in the 4th quarter. GAMMA Investing LLC now owns 136 shares of the basic materials company’s stock worth $48,000 after buying an additional 66 shares during the period. Institutional investors own 82.79% of the company’s stock.

CSW Industrials Price Performance

Shares of NASDAQ CSWI opened at $317.94 on Tuesday. CSW Industrials, Inc. has a 1-year low of $239.67 and a 1-year high of $436.50. The business has a fifty day moving average price of $295.60 and a 200 day moving average price of $344.15. The stock has a market capitalization of $5.34 billion, a P/E ratio of 37.99 and a beta of 0.96.

CSW Industrials Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 25th will be issued a $0.27 dividend. This is a boost from CSW Industrials’s previous quarterly dividend of $0.24. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date is Friday, April 25th. CSW Industrials’s dividend payout ratio (DPR) is currently 12.90%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Truist Financial started coverage on shares of 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 reduced their price objective on CSW Industrials from $350.00 to $295.00 and set an “equal weight” rating on the stock in a report on Monday, April 14th. StockNews.com cut CSW Industrials from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Citigroup cut their price target on CSW Industrials from $364.00 to $313.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Finally, The Goldman Sachs Group lowered their price objective 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 research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $342.50.

Insider Transactions at CSW Industrials

In other news, Director Robert M. Swartz sold 200 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $307.21, for a total transaction of $61,442.00. Following the completion of the sale, the director now owns 13,319 shares in the company, valued at approximately $4,091,729.99. This represents a 1.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Joseph B. Armes sold 1,000 shares of the business’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $289.97, for a total value of $289,970.00. Following the transaction, the chief executive officer now owns 46,848 shares in the company, valued at approximately $13,584,514.56. This trade represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,776 shares of company stock valued at $2,595,496 in the last 90 days. 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.