Freestone Grove Partners LP Takes Position in CSW Industrials, Inc. (NASDAQ:CSWI)

Freestone Grove Partners LP acquired a new position in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,036 shares of the basic materials company's stock, valued at approximately $366,000.

A number of other hedge funds have also modified their holdings of the stock. Kapitalo Investimentos Ltda acquired a new position in shares of CSW Industrials in the 4th quarter valued at $89,000. Northern Trust Corp increased its position in shares of CSW Industrials by 5.6% in the fourth quarter. Northern Trust Corp now owns 217,655 shares of the basic materials company's stock worth $76,789,000 after acquiring an additional 11,465 shares in the last quarter. Beacon Pointe Advisors LLC raised its holdings in shares of CSW Industrials by 2,123.1% during the fourth quarter. Beacon Pointe Advisors LLC now owns 13,094 shares of the basic materials company's stock valued at $4,620,000 after acquiring an additional 12,505 shares during the period. Tudor Investment Corp ET AL acquired a new stake in shares of CSW Industrials during the fourth quarter valued at approximately $7,815,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in CSW Industrials in the 4th quarter worth approximately $607,000. 82.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at CSW Industrials

In related news, Director Robert M. Swartz sold 200 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $312.87, for a total transaction of $62,574.00. Following the completion of the transaction, the director now owns 12,919 shares in the company, valued at $4,041,967.53. This trade represents a 1.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP James E. Perry sold 145 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $289.10, for a total transaction of $41,919.50. Following the sale, the executive vice president now owns 23,137 shares of the company's stock, valued at $6,688,906.70. This trade represents a 0.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,776 shares of company stock worth $2,595,496 in the last ninety days. 1.40% of the stock is currently owned by insiders.

CSW Industrials Price Performance

Shares of NASDAQ CSWI traded up $7.54 during trading hours on Thursday, hitting $313.98. 93,091 shares of the company's stock were exchanged, compared to its average volume of 135,399. The company's 50-day moving average price is $295.92 and its 200-day moving average price is $343.68. CSW Industrials, Inc. has a 1-year low of $239.67 and a 1-year high of $436.50. The stock has a market capitalization of $5.27 billion, a price-to-earnings ratio of 37.51 and a beta of 0.96.

CSW Industrials Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 25th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, April 25th. This represents a $1.08 dividend on an annualized basis and a yield of 0.34%. This is a positive change from CSW Industrials's previous quarterly dividend of $0.24. CSW Industrials's payout ratio is 12.90%.

Analyst Upgrades and Downgrades

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

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.