Numerai GP LLC Purchases New Stake in CSW Industrials, Inc. (NASDAQ:CSWI)

Numerai GP LLC purchased a new stake in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 4,023 shares of the basic materials company's stock, valued at approximately $1,419,000.

Several other large investors have also modified their holdings of CSWI. Proficio Capital Partners LLC raised its position in CSW Industrials by 35,553.3% in the fourth quarter. Proficio Capital Partners LLC now owns 202,154 shares of the basic materials company's stock worth $71,320,000 after purchasing an additional 201,587 shares in the last quarter. Norges Bank purchased a new position in shares of CSW Industrials during the 4th quarter valued at $59,250,000. Riverbridge Partners LLC bought a new stake in CSW Industrials in the fourth quarter worth $42,202,000. Principal Financial Group Inc. raised its stake in shares of CSW Industrials by 1,046.2% in 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 last quarter. Finally, Raymond James Financial Inc. bought a new stake in CSW Industrials in the 4th quarter worth approximately $18,197,000. Institutional investors own 82.79% of the company's stock.

Insider Transactions 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 value of $44,626.65. Following the completion of the sale, the chief financial officer now directly owns 23,282 shares of the company's stock, valued at approximately $7,165,501.14. This represents a 0.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Don Sullivan sold 1,500 shares of the business's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $332.16, for a total value of $498,240.00. Following the sale, the executive vice president now 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 sold 10,276 shares of company stock worth $3,093,736. 1.40% of the stock is owned by company insiders.

CSW Industrials Stock Down 0.5%

Shares of NASDAQ:CSWI traded down $1.60 during midday trading on Monday, reaching $329.63. The company had a trading volume of 13,220 shares, compared to its average volume of 135,710. CSW Industrials, Inc. has a 1-year low of $240.21 and a 1-year high of $436.50. The stock has a market cap of $5.53 billion, a PE ratio of 39.24 and a beta of 0.96. The business's 50 day moving average price is $299.66 and its 200 day moving average price is $341.12.

CSW Industrials Increases Dividend

The business also recently disclosed 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 is a positive change from CSW Industrials's previous quarterly dividend of $0.24. This represents a $1.08 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date of this dividend was Friday, April 25th. CSW Industrials's payout ratio is currently 12.90%.

Analyst Upgrades and Downgrades

CSWI has been the subject of a number of analyst reports. Citigroup reduced their price target on CSW Industrials from $364.00 to $313.00 and set a "neutral" rating for the company in a report on Monday, April 14th. StockNews.com cut shares of CSW Industrials from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Wells Fargo & Company dropped 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 report on Monday, April 14th. Finally, Truist Financial initiated 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 on the stock. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, CSW Industrials 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.