New Age Alpha Advisors LLC Buys Shares of 937 CSW Industrials, Inc. (NASDAQ:CSWI)

New Age Alpha Advisors LLC purchased a new position in shares of CSW Industrials, Inc. (NASDAQ:CSWI) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 937 shares of the basic materials company’s stock, valued at approximately $331,000.

Several other large investors have also made changes to their positions in CSWI. National Bank of Canada FI acquired a new stake in shares of CSW Industrials in the 3rd quarter valued at $28,000. IFP Advisors Inc boosted its stake in CSW Industrials by 510.5% in the fourth quarter. IFP Advisors Inc now owns 116 shares of the basic materials company’s stock valued at $42,000 after buying an additional 97 shares in the last quarter. GAMMA Investing LLC boosted its stake in 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 buying an additional 66 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in CSW Industrials in the fourth quarter valued at about $51,000. Finally, Jones Financial Companies Lllp raised its stake in CSW Industrials by 300.0% during the fourth quarter. Jones Financial Companies Lllp now owns 164 shares of the basic materials company’s stock worth $58,000 after acquiring an additional 123 shares in the last quarter. Institutional investors and hedge funds own 82.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CSWI. StockNews.com downgraded shares of CSW Industrials from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Citigroup decreased their target price on shares of CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th. The Goldman Sachs Group dropped their price target on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Wells Fargo & Company reduced their price objective on CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Finally, Truist Financial started coverage on CSW Industrials in a research report on Friday, February 14th. They issued a “hold” rating and a $362.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $379.00.

Insider Buying and Selling

In related news, SVP Luke Alverson sold 1,522 shares of the company’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $358.16, for a total transaction of $545,119.52. Following the sale, the senior vice president now owns 15,634 shares in the company, valued at $5,599,473.44. This represents a 8.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert M. Swartz sold 200 shares of CSW Industrials stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $289.10, for a total value of $57,820.00. Following the completion of the sale, the director now owns 13,119 shares of the company’s stock, valued at approximately $3,792,702.90. The trade was a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,734 shares of company stock valued at $3,204,570 over the last quarter. Insiders own 1.40% of the company’s stock.

CSW Industrials Trading Up 1.5 %

Shares of CSWI opened at $295.91 on Wednesday. The stock’s 50-day moving average price is $313.01 and its two-hundred day moving average price is $357.86. CSW Industrials, Inc. has a 12 month low of $226.05 and a 12 month high of $436.50. The company has a market capitalization of $4.97 billion, a PE ratio of 35.35 and a beta of 0.80.

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, topping analysts’ consensus estimates of $1.37 by $0.11. CSW Industrials had a return on equity of 15.72% and a net margin of 15.53%. Equities research analysts predict that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given 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 presently 11.47%.

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.