Millennium Management LLC Has $1.39 Million Position in CSW Industrials, Inc. (NASDAQ:CSWI)

Millennium Management LLC raised its stake in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 435.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,934 shares of the basic materials company's stock after buying an additional 3,199 shares during the quarter. Millennium Management LLC's holdings in CSW Industrials were worth $1,388,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. IFP Advisors Inc lifted its stake in CSW Industrials by 510.5% in the fourth quarter. IFP Advisors Inc now owns 116 shares of the basic materials company's stock valued at $42,000 after buying an additional 97 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in CSW Industrials in the fourth quarter valued at approximately $51,000. Jones Financial Companies Lllp lifted its stake in CSW Industrials by 300.0% in the fourth quarter. Jones Financial Companies Lllp now owns 164 shares of the basic materials company's stock valued at $58,000 after buying an additional 123 shares in the last quarter. CIBC Private Wealth Group LLC lifted its stake in CSW Industrials by 49.0% in the fourth 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. Finally, Kapitalo Investimentos Ltda bought a new position in CSW Industrials in the fourth quarter valued at approximately $89,000. Institutional investors own 82.79% of the company's stock.

Insiders Place Their Bets

In other CSW Industrials news, Director Robert M. Swartz sold 200 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $289.10, for a total transaction of $57,820.00. Following the sale, the director now directly owns 13,119 shares of the company's stock, valued at approximately $3,792,702.90. This represents a 1.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Joseph B. Armes sold 1,000 shares of the company's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $289.97, for a total transaction of $289,970.00. Following the sale, the chief executive officer now directly owns 46,848 shares in the company, valued at $13,584,514.56. This trade represents a 2.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,195 shares of company stock valued at $3,682,939. 1.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on CSWI shares. Truist Financial started coverage on shares of CSW Industrials in a research note on Friday, February 14th. They issued a "hold" rating and a $362.00 price target on the stock. Citigroup lifted their price target on shares of CSW Industrials from $313.00 to $321.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. Finally, 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 research report on Friday, May 23rd. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, CSW Industrials presently has a consensus rating of "Hold" and a consensus price target of $347.00.

CSW Industrials Stock Up 0.1%

Shares of CSWI stock traded up $0.43 during trading on Friday, reaching $305.10. The company's stock had a trading volume of 71,526 shares, compared to its average volume of 136,280. The business has a fifty day moving average price of $304.09 and a 200-day moving average price of $331.67. The company has a market cap of $5.13 billion, a price-to-earnings ratio of 36.45 and a beta of 0.92. CSW Industrials, Inc. has a one year low of $249.84 and a one year high of $436.50.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last announced its quarterly earnings data on Thursday, May 22nd. The basic materials company reported $2.24 EPS for the quarter, topping analysts' consensus estimates of $2.23 by $0.01. The business had revenue of $230.55 million for the quarter, compared to analyst estimates 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 previous year, the firm posted $2.04 earnings per share. Research analysts anticipate that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, April 25th were given 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 annualized dividend and a yield of 0.35%. The ex-dividend date was Friday, April 25th. CSW Industrials's dividend payout ratio is 12.84%.

CSW Industrials Company 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.