Algert Global LLC Has $2.61 Million Stake in CSW Industrials, Inc. (NASDAQ:CSWI)

Algert Global LLC increased its position in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 229.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,384 shares of the basic materials company's stock after acquiring an additional 5,140 shares during the period. Algert Global LLC's holdings in CSW Industrials were worth $2,605,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Raymond James Financial Inc. bought a new stake in CSW Industrials during the fourth quarter worth approximately $18,197,000. Blue Trust Inc. raised its position in shares of CSW Industrials by 25.3% during the fourth quarter. Blue Trust Inc. now owns 361 shares of the basic materials company's stock worth $132,000 after purchasing an additional 73 shares during the period. Avantax Advisory Services Inc. lifted its holdings in shares of CSW Industrials by 5.9% during the fourth quarter. Avantax Advisory Services Inc. now owns 826 shares of the basic materials company's stock valued at $291,000 after purchasing an additional 46 shares during the last quarter. Congress Asset Management Co. increased 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. Finally, U.S. Capital Wealth Advisors LLC raised its holdings in CSW Industrials by 40.0% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 3,500 shares of the basic materials company's stock worth $1,235,000 after buying an additional 1,000 shares during the period. 82.79% of the stock is owned by institutional investors and hedge funds.

CSW Industrials Trading Down 0.9 %

CSWI stock traded down $2.95 during mid-day trading on Friday, hitting $311.27. The stock had a trading volume of 70,521 shares, compared to its average volume of 135,608. CSW Industrials, Inc. has a 1-year low of $239.67 and a 1-year high of $436.50. The company has a fifty day moving average of $296.30 and a 200 day moving average of $342.32. The stock has a market capitalization of $5.22 billion, a price-to-earnings ratio of 37.19 and a beta of 0.96.

CSW Industrials Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 25th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.35%. The ex-dividend date of this dividend was Friday, April 25th. This is a positive change from CSW Industrials's previous quarterly dividend of $0.24. CSW Industrials's dividend payout ratio (DPR) is presently 12.90%.

Insider Buying and Selling at CSW Industrials

In other CSW Industrials news, Director Robert M. Swartz sold 200 shares of the stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $312.87, for a total transaction of $62,574.00. Following the transaction, 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP James E. Perry sold 145 shares of the firm's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $312.87, for a total value of $45,366.15. Following the transaction, the executive vice president now owns 26,613 shares in the company, valued at approximately $8,326,409.31. This trade represents a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,776 shares of company stock worth $2,595,496 over the last ninety days. 1.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

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.