1,305 Shares in CSW Industrials, Inc. (NASDAQ:CSWI) Acquired by Gotham Asset Management LLC

Gotham Asset Management LLC bought a new position in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,305 shares of the basic materials company's stock, valued at approximately $460,000.

Several other hedge funds also recently bought and sold shares of the company. Ellevest Inc. grew its stake in CSW Industrials by 50.9% during the fourth quarter. Ellevest Inc. now owns 886 shares of the basic materials company's stock valued at $313,000 after acquiring an additional 299 shares in the last quarter. Ensign Peak Advisors Inc purchased a new position in CSW Industrials during the fourth quarter valued at approximately $631,000. Ethic Inc. bought a new stake in CSW Industrials during the fourth quarter valued at approximately $612,000. FORA Capital LLC bought a new stake in CSW Industrials during the fourth quarter valued at approximately $202,000. Finally, Fred Alger Management LLC lifted its position in CSW Industrials by 103.4% during the fourth quarter. Fred Alger Management LLC now owns 56,851 shares of the basic materials company's stock valued at $20,057,000 after purchasing an additional 28,897 shares during the last quarter. Hedge funds and other institutional investors own 82.79% of the company's stock.

Insider Buying and Selling at CSW Industrials

In other news, CFO James E. Perry sold 145 shares of the company'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 completion of the sale, the chief financial officer now owns 23,282 shares of the company's stock, valued at $7,165,501.14. This represents a 0.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Don Sullivan sold 1,500 shares of the company's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $332.16, for a total transaction of $498,240.00. Following the sale, the executive vice president now directly owns 25,989 shares of the company's stock, valued at $8,632,506.24. The trade was a 5.46% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,276 shares of company stock worth $3,093,736. Company insiders own 1.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CSWI. Wells Fargo & Company lifted their target price on shares of CSW Industrials from $295.00 to $305.00 and gave the company an "equal weight" rating in a research report on Friday. Truist Financial began coverage on shares of CSW Industrials in a research report on Friday, February 14th. They set a "hold" rating and a $362.00 target price for the company. Wall Street Zen lowered shares of CSW Industrials from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Finally, Citigroup lifted their target price on shares of CSW Industrials from $313.00 to $321.00 and gave the company a "neutral" rating in a research report on Friday. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $347.00.

CSW Industrials Price Performance

CSW Industrials stock traded down $1.25 during mid-day trading on Friday, reaching $300.91. The stock had a trading volume of 192,411 shares, compared to its average volume of 136,121. The company has a market capitalization of $5.05 billion, a price-to-earnings ratio of 35.95 and a beta of 0.96. The company has a 50-day moving average price of $302.16 and a two-hundred day moving average price of $338.67. CSW Industrials, Inc. has a one year low of $248.90 and a one year high of $436.50.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last posted its earnings results on Thursday, May 22nd. The basic materials company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $0.01. The business had revenue of $230.55 million for the quarter, compared to analysts' expectations 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 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 business also recently announced a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, April 25th were paid a dividend of $0.27 per share. The ex-dividend date was Friday, April 25th. This represents a $1.08 annualized dividend and a yield of 0.36%. This is a boost from CSW Industrials's previous quarterly dividend of $0.24. CSW Industrials's dividend payout ratio is currently 12.90%.

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.