Two Sigma Securities LLC Makes New $1.14 Million Investment in CSW Industrials, Inc. (NASDAQ:CSWI)

Two Sigma Securities LLC acquired a new position in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,218 shares of the basic materials company's stock, valued at approximately $1,135,000.

A number of other institutional investors have also recently made changes to their positions in the business. Nebula Research & Development LLC purchased a new stake in CSW Industrials in the 4th quarter worth approximately $1,982,000. Price T Rowe Associates Inc. MD boosted its position in CSW Industrials by 0.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 207,136 shares of the basic materials company's stock worth $73,079,000 after purchasing an additional 661 shares in the last quarter. Massar Capital Management LP purchased a new stake in CSW Industrials in the 4th quarter worth approximately $1,219,000. Hsbc Holdings PLC boosted its position in CSW Industrials by 254.3% in the 4th quarter. Hsbc Holdings PLC now owns 7,104 shares of the basic materials company's stock worth $2,506,000 after purchasing an additional 5,099 shares in the last quarter. Finally, Stifel Financial Corp boosted its position in CSW Industrials by 4.3% in the 4th quarter. Stifel Financial Corp now owns 8,867 shares of the basic materials company's stock worth $3,128,000 after purchasing an additional 362 shares in the last quarter. Institutional investors and hedge funds own 82.79% of the company's stock.

CSW Industrials Stock Performance

CSW Industrials stock traded down $1.84 during midday trading on Wednesday, hitting $314.09. 24,578 shares of the company's stock were exchanged, compared to its average volume of 124,842. The stock has a market cap of $5.27 billion, a price-to-earnings ratio of 37.53 and a beta of 0.88. The firm's 50 day simple moving average is $294.45 and its 200 day simple moving average is $346.59. CSW Industrials, Inc. has a 12-month low of $237.50 and a 12-month high of $436.50.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last issued its earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.11. CSW Industrials had a net margin of 15.53% and a return on equity of 15.72%. On average, equities research analysts forecast that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal 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 issued a $0.27 dividend. This is an increase from CSW Industrials's previous quarterly dividend of $0.24. The ex-dividend date is Friday, April 25th. This represents a $1.08 annualized dividend and a dividend yield of 0.34%. CSW Industrials's payout ratio is presently 12.90%.

Analyst Upgrades and Downgrades

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

Insider Activity at CSW Industrials

In related news, CFO James E. Perry sold 145 shares of the firm'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 owns 23,282 shares in the company, valued at $7,165,501.14. This trade represents a 0.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert M. Swartz sold 200 shares of the firm's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $321.78, for a total transaction of $64,356.00. Following the completion of the sale, the director now owns 13,519 shares of the company's stock, valued at $4,350,143.82. This trade represents a 1.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,631 shares of company stock worth $2,551,912 over the last 90 days. Company insiders own 1.40% of the company's stock.

About CSW Industrials

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.