CSW Industrials, Inc. (NASDAQ:CSWI) Stake Raised by Fred Alger Management LLC

Fred Alger Management LLC increased its stake in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 103.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 56,851 shares of the basic materials company's stock after purchasing an additional 28,897 shares during the period. Fred Alger Management LLC owned 0.34% of CSW Industrials worth $20,057,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Barclays PLC raised its stake in CSW Industrials by 431.2% during the 3rd quarter. Barclays PLC now owns 29,272 shares of the basic materials company's stock valued at $10,725,000 after acquiring an additional 23,761 shares in the last quarter. Franklin Resources Inc. raised its stake in CSW Industrials by 2,006.7% during the 3rd quarter. Franklin Resources Inc. now owns 57,617 shares of the basic materials company's stock valued at $22,702,000 after acquiring an additional 54,882 shares in the last quarter. Principal Financial Group Inc. raised its stake in CSW Industrials by 1,046.2% during the 3rd quarter. Principal Financial Group Inc. now owns 84,991 shares of the basic materials company's stock valued at $31,140,000 after acquiring an additional 77,576 shares in the last quarter. GAMMA Investing LLC raised its stake in CSW Industrials by 94.3% during the 4th quarter. GAMMA Investing LLC now owns 136 shares of the basic materials company's stock valued at $48,000 after acquiring an additional 66 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in CSW Industrials by 20.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 67,043 shares of the basic materials company's stock valued at $23,653,000 after acquiring an additional 11,417 shares in the last quarter. Institutional investors own 82.79% of the company's stock.

CSW Industrials Stock Performance

Shares of CSWI stock traded down $2.95 during mid-day trading on Friday, hitting $311.27. 70,521 shares of the stock traded hands, compared to its average volume of 135,608. CSW Industrials, Inc. has a twelve month low of $239.67 and a twelve month high of $436.50. The firm has a market cap of $5.22 billion, a price-to-earnings ratio of 37.19 and a beta of 0.96. The company's 50-day simple moving average is $296.30 and its 200-day simple moving average is $342.17.

CSW Industrials Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, April 25th were given a dividend of $0.27 per share. The ex-dividend date was Friday, April 25th. This is a boost from CSW Industrials's previous quarterly dividend of $0.24. This represents a $1.08 annualized dividend and a dividend yield of 0.35%. CSW Industrials's dividend payout ratio (DPR) is 12.90%.

Analysts Set New Price Targets

Several analysts have weighed in on CSWI shares. Wells Fargo & Company cut their target price on CSW Industrials from $350.00 to $295.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. The Goldman Sachs Group cut their target price on CSW Industrials from $450.00 to $400.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 14th. Truist Financial assumed coverage on CSW Industrials in a research report on Friday, February 14th. They set a "hold" rating and a $362.00 price target on the stock. Citigroup lowered their price target on CSW Industrials from $364.00 to $313.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Finally, StockNews.com cut CSW Industrials from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $342.50.

Insider Buying and Selling

In related news, Director Robert M. Swartz sold 200 shares of CSW Industrials stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $289.10, for a total value of $57,820.00. Following the transaction, the director now directly owns 13,119 shares in the company, valued at $3,792,702.90. The trade was a 1.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Luke Alverson sold 1,100 shares of CSW Industrials stock in a transaction on Monday, March 17th. The stock was sold at an average price of $292.12, for a total value of $321,332.00. Following the completion of the transaction, the senior vice president now owns 13,434 shares in the company, valued at $3,924,340.08. The trade was a 7.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,776 shares of company stock worth $2,595,496 in the last three months. 1.40% of the stock is currently owned by insiders.

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.