Centiva Capital LP Makes New $274,000 Investment in CSW Industrials, Inc. (NASDAQ:CSWI)

Centiva Capital LP bought a new stake in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 778 shares of the basic materials company's stock, valued at approximately $274,000.

A number of other institutional investors and hedge funds have also modified their holdings of CSWI. Proficio Capital Partners LLC lifted its position in shares of CSW Industrials by 35,553.3% in the fourth quarter. Proficio Capital Partners LLC now owns 202,154 shares of the basic materials company's stock valued at $71,320,000 after acquiring an additional 201,587 shares in the last quarter. Norges Bank acquired a new stake in shares of CSW Industrials in the fourth quarter valued at about $59,250,000. Riverbridge Partners LLC purchased a new position in shares of CSW Industrials in the fourth quarter worth about $42,202,000. Principal Financial Group Inc. lifted its stake 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 buying an additional 77,576 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in CSW Industrials during the fourth quarter worth about $18,197,000. Hedge funds and other institutional investors own 82.79% of the company's stock.

Wall Street Analyst Weigh In

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

Insider Transactions at CSW Industrials

In other news, CFO James E. Perry sold 145 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $307.77, for a total transaction of $44,626.65. Following the transaction, the chief financial officer now directly owns 23,282 shares in the company, valued at $7,165,501.14. The trade was a 0.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert M. Swartz sold 200 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $307.21, for a total transaction of $61,442.00. Following the transaction, the director now owns 13,319 shares in the company, valued at approximately $4,091,729.99. This trade represents a 1.48% 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 worth $2,595,496 over the last ninety days. 1.40% of the stock is currently owned by company insiders.

CSW Industrials Stock Up 5.8%

Shares of CSW Industrials stock opened at $329.28 on Tuesday. CSW Industrials, Inc. has a 52-week low of $239.67 and a 52-week high of $436.50. The company's 50-day simple moving average is $296.80 and its 200-day simple moving average is $341.90. The firm has a market cap of $5.53 billion, a price-to-earnings ratio of 39.34 and a beta of 0.96.

CSW Industrials Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, April 25th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.33%. This is a positive change from CSW Industrials's previous quarterly dividend of $0.24. The ex-dividend date was Friday, April 25th. CSW Industrials's payout ratio is 12.90%.

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.

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