GAMMA Investing LLC Has $25.16 Million Stock Position in CSW Industrials, Inc. (NASDAQ:CSWI)

GAMMA Investing LLC increased its holdings in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 63,348.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 86,290 shares of the basic materials company's stock after purchasing an additional 86,154 shares during the period. GAMMA Investing LLC owned approximately 0.51% of CSW Industrials worth $25,155,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Versant Capital Management Inc increased its position in CSW Industrials by 526.3% in the 1st quarter. Versant Capital Management Inc now owns 119 shares of the basic materials company's stock worth $35,000 after buying an additional 100 shares during the period. IFP Advisors Inc grew its stake in shares of CSW Industrials by 510.5% in the fourth quarter. IFP Advisors Inc now owns 116 shares of the basic materials company's stock worth $42,000 after acquiring an additional 97 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in CSW Industrials during the fourth quarter worth $51,000. Jones Financial Companies Lllp raised its stake in CSW Industrials by 300.0% during the 4th quarter. Jones Financial Companies Lllp now owns 164 shares of the basic materials company's stock valued at $58,000 after purchasing an additional 123 shares during the last quarter. Finally, CIBC Private Wealth Group LLC boosted its holdings in CSW Industrials by 49.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 231 shares of the basic materials company's stock valued at $83,000 after purchasing an additional 76 shares during the period. Institutional investors and hedge funds own 82.79% of the company's stock.

Insider Activity at CSW Industrials

In related news, EVP Don Sullivan sold 2,222 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $292.12, for a total value of $649,090.64. Following the transaction, the executive vice president now owns 24,853 shares in the company, valued at $7,260,058.36. This trade represents a 8.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Luke Alverson sold 1,100 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $292.12, for a total value of $321,332.00. Following the sale, the senior vice president now directly owns 13,434 shares of the company's stock, valued at $3,924,340.08. This represents a 7.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,195 shares of company stock valued at $3,682,939 over the last quarter. Corporate insiders own 1.40% of the company's stock.

Analyst Upgrades and Downgrades

CSWI has been the topic of several research reports. Wells Fargo & Company boosted their price objective on shares of CSW Industrials from $295.00 to $305.00 and gave the stock an "equal weight" rating in a report on Friday, May 23rd. Truist Financial assumed coverage on CSW Industrials in a research note on Friday, February 14th. They set a "hold" rating and a $362.00 price target on the stock. Finally, Citigroup raised their price objective on CSW Industrials from $313.00 to $321.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $347.00.

CSW Industrials Trading Up 0.1%

NASDAQ:CSWI traded up $0.43 during mid-day trading on Friday, hitting $305.10. The company's stock had a trading volume of 71,526 shares, compared to its average volume of 136,061. The company has a market capitalization of $5.13 billion, a price-to-earnings ratio of 36.45 and a beta of 0.96. The stock has a fifty day moving average of $303.90 and a 200-day moving average of $332.99. CSW Industrials, Inc. has a fifty-two week low of $249.84 and a fifty-two week high of $436.50.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last issued its quarterly earnings results on Thursday, May 22nd. The basic materials company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.23 by $0.01. The business had revenue of $230.55 million for the quarter, compared to the consensus estimate of $232.82 million. CSW Industrials had a net margin of 15.53% and a return on equity of 15.72%. During the same quarter in the prior year, the company earned $2.04 EPS. On average, equities analysts anticipate that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 25th were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, April 25th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.35%. This is a positive change from CSW Industrials's previous quarterly dividend of $0.24. CSW Industrials's dividend payout ratio (DPR) is currently 12.84%.

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.