Squarepoint Ops LLC Invests $2.01 Million in CSW Industrials, Inc. (NASDAQ:CSWI)

Squarepoint Ops LLC acquired a new stake in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 5,706 shares of the basic materials company's stock, valued at approximately $2,013,000.

Several other hedge funds and other institutional investors have also modified their holdings of CSWI. Raymond James Financial Inc. purchased a new stake in CSW Industrials during the 4th quarter worth $18,197,000. Blue Trust Inc. lifted its stake in shares of CSW Industrials by 25.3% during the fourth quarter. Blue Trust Inc. now owns 361 shares of the basic materials company's stock worth $132,000 after purchasing an additional 73 shares in the last quarter. Avantax Advisory Services Inc. boosted its position in shares of CSW Industrials by 5.9% in the fourth quarter. Avantax Advisory Services Inc. now owns 826 shares of the basic materials company's stock worth $291,000 after buying an additional 46 shares during the period. Congress Asset Management Co. grew its stake in shares of CSW Industrials by 1.2% in the fourth quarter. Congress Asset Management Co. now owns 206,195 shares of the basic materials company's stock valued at $72,745,000 after buying an additional 2,544 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC grew its stake in shares of CSW Industrials by 40.0% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 3,500 shares of the basic materials company's stock valued at $1,235,000 after buying an additional 1,000 shares in the last quarter. 82.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CSWI has been the subject of a number of analyst reports. Wall Street Zen cut CSW Industrials from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. Wells Fargo & Company upped 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 note on Friday, May 23rd. Citigroup lifted their price target on shares of CSW Industrials from $313.00 to $321.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Finally, Truist Financial initiated coverage on shares of CSW Industrials in a research report on Friday, February 14th. They issued a "hold" rating and a $362.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $347.00.

Insider Transactions at CSW Industrials

In related news, Director Robert M. Swartz sold 200 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $289.10, for a total transaction of $57,820.00. Following the transaction, the director now directly owns 13,119 shares in the company, valued at $3,792,702.90. This trade represents a 1.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Don Sullivan sold 2,222 shares of the business's stock in a transaction 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 sale, the executive vice president now owns 24,853 shares of the company's stock, valued at approximately $7,260,058.36. The trade was a 8.21% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,850 shares of company stock worth $3,578,583. 1.40% of the stock is currently owned by corporate insiders.

CSW Industrials Trading Down 1.5%

NASDAQ CSWI traded down $4.59 during trading hours on Monday, reaching $301.20. 69,126 shares of the company traded hands, compared to its average volume of 136,356. The stock has a market capitalization of $5.06 billion, a PE ratio of 35.99 and a beta of 0.96. CSW Industrials, Inc. has a 12 month low of $248.90 and a 12 month high of $436.50. The company has a 50 day moving average of $303.14 and a two-hundred day moving average of $334.11.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last issued its earnings results 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 net margin of 15.53% and a return on equity of 15.72%. The business had revenue of $230.55 million for the quarter, compared to analyst estimates of $232.82 million. During the same quarter in the prior year, the business posted $2.04 EPS. On average, equities research analysts anticipate that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, April 25th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date was Friday, April 25th. This is an increase from CSW Industrials's previous quarterly dividend of $0.24. CSW Industrials's dividend payout ratio (DPR) is currently 12.84%.

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.