Bayesian Capital Management LP Takes Position in CSW Industrials, Inc. (NASDAQ:CSWI)

Bayesian Capital Management LP purchased a new position in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,662 shares of the basic materials company's stock, valued at approximately $939,000.

Several other large investors have also recently bought and sold shares of the company. IFP Advisors Inc grew its holdings in shares of CSW Industrials by 510.5% during the fourth quarter. IFP Advisors Inc now owns 116 shares of the basic materials company's stock worth $42,000 after purchasing an additional 97 shares in the last quarter. GAMMA Investing LLC lifted its position in CSW Industrials by 94.3% during the fourth quarter. GAMMA Investing LLC now owns 136 shares of the basic materials company's stock valued at $48,000 after purchasing an additional 66 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in CSW Industrials in the 4th quarter worth approximately $51,000. Jones Financial Companies Lllp increased its holdings in shares of CSW Industrials by 300.0% in the 4th quarter. Jones Financial Companies Lllp now owns 164 shares of the basic materials company's stock worth $58,000 after buying an additional 123 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its position in shares of CSW Industrials by 49.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 231 shares of the basic materials company's stock valued at $83,000 after buying an additional 76 shares in the last quarter. 82.79% of the stock is owned by institutional investors.

CSW Industrials Price Performance

CSW Industrials stock traded down $2.95 during trading hours on Friday, reaching $311.27. The company had a trading volume of 70,521 shares, compared to its average volume of 135,365. CSW Industrials, Inc. has a 12-month low of $239.67 and a 12-month high of $436.50. The company has a 50-day moving average price of $296.12 and a 200 day moving average price of $343.14. The firm has a market cap of $5.22 billion, a price-to-earnings ratio of 37.19 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. Investors of record on Friday, April 25th will be issued a dividend of $0.27 per share. This is a positive change from CSW Industrials's previous quarterly dividend of $0.24. This represents a $1.08 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date is Friday, April 25th. CSW Industrials's dividend payout ratio is currently 12.90%.

Analysts Set New Price Targets

CSWI has been the subject of several research reports. Citigroup cut their target price on shares of CSW Industrials from $364.00 to $313.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Wells Fargo & Company decreased 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. The Goldman Sachs Group cut their target price 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. StockNews.com cut shares of CSW Industrials from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Finally, Truist Financial assumed coverage on shares of CSW Industrials in a report on Friday, February 14th. They issued a "hold" rating and a $362.00 price objective for the company. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $342.50.

Insider Buying and Selling at CSW Industrials

In related news, CEO Joseph B. Armes sold 1,000 shares of the business's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $289.97, for a total transaction of $289,970.00. Following the transaction, the chief executive officer now owns 46,848 shares in the company, valued at $13,584,514.56. The trade was a 2.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Don Sullivan sold 2,222 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $292.12, for a total value of $649,090.64. Following the completion of the sale, the executive vice president now owns 24,853 shares of the company's stock, valued at approximately $7,260,058.36. This trade represents a 8.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,776 shares of company stock valued at $2,595,496 in the last quarter. Company insiders own 1.40% of the company's stock.

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.