4D Advisors LLC Takes $2.29 Million Position in CSW Industrials, Inc. (NASDAQ:CSWI)

4D Advisors LLC bought a new position in shares of CSW Industrials, Inc. (NASDAQ:CSWI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,500 shares of the basic materials company’s stock, valued at approximately $2,293,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Freestone Grove Partners LP purchased a new stake in shares of CSW Industrials during the 4th quarter worth approximately $366,000. Kapitalo Investimentos Ltda acquired a new position in CSW Industrials in the fourth quarter valued at $89,000. Northern Trust Corp grew its holdings in shares of CSW Industrials by 5.6% during the fourth quarter. Northern Trust Corp now owns 217,655 shares of the basic materials company’s stock worth $76,789,000 after purchasing an additional 11,465 shares during the last quarter. Beacon Pointe Advisors LLC increased its position in shares of CSW Industrials by 2,123.1% during the fourth quarter. Beacon Pointe Advisors LLC now owns 13,094 shares of the basic materials company’s stock worth $4,620,000 after purchasing an additional 12,505 shares in the last quarter. Finally, Tudor Investment Corp ET AL purchased a new stake in shares of CSW Industrials in the 4th quarter valued at about $7,815,000. 82.79% of the stock is owned by institutional investors and hedge funds.

CSW Industrials Stock Up 1.2 %

Shares of NASDAQ:CSWI opened at $316.24 on Friday. The company has a market cap of $5.31 billion, a price-to-earnings ratio of 37.78 and a beta of 0.88. CSW Industrials, Inc. has a fifty-two week low of $239.67 and a fifty-two week high of $436.50. The firm’s 50-day simple moving average is $295.00 and its 200-day simple moving average is $345.82.

CSW Industrials (NASDAQ:CSWI) last released its earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share (EPS) for the quarter, topping 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%. On average, research analysts forecast that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Increases Dividend

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

Analyst Ratings Changes

Several research firms have commented on CSWI. StockNews.com lowered CSW Industrials from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. The Goldman Sachs Group lowered their price objective on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Truist Financial started coverage on shares of CSW Industrials in a report on Friday, February 14th. They issued a “hold” rating and a $362.00 target price for the company. Wells Fargo & Company lowered their price target 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. Finally, Citigroup reduced their price objective on CSW Industrials from $364.00 to $313.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $342.50.

Insiders Place Their Bets

In other CSW Industrials news, CFO James E. Perry sold 145 shares of the stock in a transaction dated 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 directly owns 23,282 shares of the company’s stock, valued at approximately $7,165,501.14. This trade represents a 0.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert M. Swartz sold 200 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $321.78, for a total value of $64,356.00. Following the sale, the director now directly owns 13,519 shares in the company, valued at $4,350,143.82. This trade represents a 1.46 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,631 shares of company stock worth $2,551,912. Corporate 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.