GAMMA Investing LLC Increases Stock Position in CSW Industrials, Inc. (NASDAQ:CSWI)

GAMMA Investing LLC boosted its position in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 63,348.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,290 shares of the basic materials company's stock after acquiring an additional 86,154 shares during the period. GAMMA Investing LLC owned 0.51% of CSW Industrials worth $25,155,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Versant Capital Management Inc lifted its holdings in CSW Industrials by 526.3% in the first quarter. Versant Capital Management Inc now owns 119 shares of the basic materials company's stock valued at $35,000 after buying an additional 100 shares during the period. California State Teachers Retirement System boosted its position in CSW Industrials by 5.3% during the fourth quarter. California State Teachers Retirement System now owns 15,554 shares of the basic materials company's stock valued at $5,487,000 after purchasing an additional 782 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in CSW Industrials by 111.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 51,306 shares of the basic materials company's stock valued at $18,101,000 after purchasing an additional 27,042 shares during the last quarter. Sovereign s Capital Management LLC acquired a new stake in shares of CSW Industrials in the fourth quarter valued at approximately $403,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of CSW Industrials in the fourth quarter valued at approximately $2,013,000. Institutional investors and hedge funds own 82.79% of the company's stock.

Insiders Place Their Bets

In related news, EVP Don Sullivan sold 2,222 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $292.12, for a total transaction 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 $7,260,058.36. This trade represents a 8.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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 Monday, June 2nd. The stock was sold at an average price of $301.38, for a total transaction of $60,276.00. Following the completion of the sale, the director now directly owns 12,719 shares of the company's stock, valued at approximately $3,833,252.22. This trade represents a 1.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,195 shares of company stock worth $3,682,939 over the last 90 days. Corporate insiders own 1.40% of the company's stock.

CSW Industrials Price Performance

Shares of NASDAQ CSWI traded up $0.43 during mid-day trading on Friday, hitting $305.10. 71,526 shares of the stock traded hands, compared to its average volume of 136,311. CSW Industrials, Inc. has a twelve month low of $249.84 and a twelve month high of $436.50. The company has a market cap of $5.13 billion, a PE ratio of 36.45 and a beta of 0.92. The firm has a 50 day simple moving average of $304.09 and a two-hundred day simple moving average of $331.08.

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

CSW Industrials Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 25th were paid a $0.27 dividend. This is an increase from CSW Industrials's previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Friday, April 25th. This represents a $1.08 annualized dividend and a yield of 0.35%. CSW Industrials's dividend payout ratio is presently 12.84%.

Analyst Ratings Changes

A number of research firms have recently issued reports on CSWI. Citigroup raised their price objective on CSW Industrials from $313.00 to $321.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. Wells Fargo & Company raised their price objective on CSW Industrials from $295.00 to $305.00 and gave the company an "equal weight" rating in a research report on Friday, May 23rd. Finally, Truist Financial initiated coverage on CSW Industrials in a report on Friday, February 14th. They set a "hold" rating and a $362.00 price target for the company. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, CSW Industrials has an average rating of "Hold" and a consensus target price of $347.00.

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.