5,618 Shares in CSW Industrials, Inc. (NASDAQ:CSWI) Acquired by Nebula Research & Development LLC

Nebula Research & Development LLC bought a new position in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 5,618 shares of the basic materials company's stock, valued at approximately $1,982,000.

A number of other hedge funds have also recently bought and sold shares of CSWI. Proficio Capital Partners LLC increased its holdings in CSW Industrials by 35,553.3% during the fourth quarter. Proficio Capital Partners LLC now owns 202,154 shares of the basic materials company's stock worth $71,320,000 after buying an additional 201,587 shares during the last quarter. Norges Bank acquired a new position in shares of CSW Industrials during the 4th quarter worth about $59,250,000. Riverbridge Partners LLC acquired a new stake in CSW Industrials in the 4th quarter valued at about $42,202,000. Principal Financial Group Inc. grew its holdings in CSW Industrials by 1,046.2% during the third quarter. Principal Financial Group Inc. now owns 84,991 shares of the basic materials company's stock worth $31,140,000 after purchasing an additional 77,576 shares during the period. Finally, Franklin Resources Inc. increased its position in CSW Industrials by 2,006.7% during the third quarter. Franklin Resources Inc. now owns 57,617 shares of the basic materials company's stock worth $22,702,000 after buying an additional 54,882 shares during the last quarter. 82.79% of the stock is currently owned by institutional investors.

CSW Industrials Stock Up 1.0 %

Shares of CSW Industrials stock traded up $3.28 during trading on Thursday, reaching $315.76. The company's stock had a trading volume of 30,015 shares, compared to its average volume of 134,843. CSW Industrials, Inc. has a 52 week low of $237.50 and a 52 week high of $436.50. The firm has a market cap of $5.30 billion, a PE ratio of 37.59 and a beta of 0.88. The business's 50-day moving average price is $294.66 and its 200-day moving average price is $346.36.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.11. CSW Industrials had a return on equity of 15.72% and a net margin of 15.53%. Equities analysts predict 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 will be paid on Friday, May 9th. Stockholders of record on Friday, April 25th will be given a $0.27 dividend. The ex-dividend date of this dividend is 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 0.34%. CSW Industrials's payout ratio is presently 12.90%.

Insider Buying and Selling

In other news, Director Robert M. Swartz sold 200 shares of the business's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $307.21, for a total transaction of $61,442.00. Following the completion of the transaction, the director now owns 13,319 shares of the company's stock, valued at approximately $4,091,729.99. The trade was a 1.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Don Sullivan sold 2,222 shares of the firm's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $292.12, for a total value of $649,090.64. Following the completion of the sale, the executive vice president now directly owns 24,853 shares in the company, valued at $7,260,058.36. This trade represents a 8.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,631 shares of company stock worth $2,551,912. Corporate insiders own 1.40% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.