XTX Topco Ltd Purchases Shares of 1,740 CSW Industrials, Inc. (NASDAQ:CSWI)

XTX Topco Ltd acquired a new position in shares of CSW Industrials, Inc. (NASDAQ:CSWI) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,740 shares of the basic materials company’s stock, valued at approximately $614,000.

Other large investors have also added to or reduced their stakes in the company. Anchor Investment Management LLC increased its holdings in shares of CSW Industrials by 2.5% during the 3rd quarter. Anchor Investment Management LLC now owns 1,287 shares of the basic materials company’s stock valued at $472,000 after purchasing an additional 32 shares in the last quarter. Atria Investments Inc raised its position in shares of CSW Industrials by 1.4% during the 4th quarter. Atria Investments Inc now owns 2,367 shares of the basic materials company’s stock worth $835,000 after purchasing an additional 32 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of CSW Industrials by 0.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,934 shares of the basic materials company’s stock valued at $1,388,000 after acquiring an additional 34 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in CSW Industrials by 1.0% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,590 shares of the basic materials company’s stock valued at $1,267,000 after purchasing an additional 35 shares in the last quarter. Finally, Morse Asset Management Inc lifted its stake in shares of CSW Industrials by 2.3% in the third quarter. Morse Asset Management Inc now owns 1,621 shares of the basic materials company’s stock worth $594,000 after buying an additional 36 shares in the last quarter. Hedge funds and other institutional investors own 82.79% of the company’s stock.

Insider Buying and Selling at CSW Industrials

In other news, CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $298.03, for a total value of $298,030.00. Following the completion of the transaction, the chief executive officer now directly owns 66,522 shares in the company, valued at approximately $19,825,551.66. This represents a 1.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert M. Swartz sold 200 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were 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 directly 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,631 shares of company stock valued at $2,551,912. Company insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

CSWI has been the topic of a number of analyst reports. Wells Fargo & Company reduced their price objective on CSW Industrials from $350.00 to $295.00 and set an “equal weight” rating on the stock in a research 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. The Goldman Sachs Group cut 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. Citigroup cut their price objective 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, Truist Financial assumed coverage on shares of CSW Industrials in a research note on Friday, February 14th. They issued a “hold” rating and a $362.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $342.50.

CSW Industrials Stock Up 1.0 %

Shares of CSWI stock opened at $298.43 on Friday. CSW Industrials, Inc. has a fifty-two week low of $231.09 and a fifty-two week high of $436.50. The business has a fifty day simple moving average of $295.74 and a 200-day simple moving average of $350.01. The stock has a market cap of $5.01 billion, a P/E ratio of 35.65 and a beta of 0.88.

CSW Industrials (NASDAQ:CSWI) last announced its quarterly earnings data 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 net margin of 15.53% and a return on equity of 15.72%. On average, sell-side analysts anticipate that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 25th will be paid a dividend of $0.27 per share. The ex-dividend date 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 0.36%. CSW Industrials’s payout ratio is currently 12.90%.

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.