Gotham Asset Management LLC Acquires New Position in CSW Industrials, Inc. (NASDAQ:CSWI)

Gotham Asset Management LLC acquired a new stake in CSW Industrials, Inc. (NASDAQ:CSWI) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,305 shares of the basic materials company’s stock, valued at approximately $460,000.

Other hedge funds also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in CSW Industrials in the fourth quarter worth $18,197,000. Blue Trust Inc. raised its holdings in CSW Industrials by 25.3% in the fourth quarter. Blue Trust Inc. now owns 361 shares of the basic materials company’s stock worth $132,000 after purchasing an additional 73 shares during the period. Avantax Advisory Services Inc. raised its holdings in CSW Industrials by 5.9% in the fourth quarter. Avantax Advisory Services Inc. now owns 826 shares of the basic materials company’s stock worth $291,000 after purchasing an additional 46 shares during the period. Congress Asset Management Co. raised its holdings in CSW Industrials by 1.2% in the fourth quarter. Congress Asset Management Co. now owns 206,195 shares of the basic materials company’s stock worth $72,745,000 after purchasing an additional 2,544 shares during the period. Finally, U.S. Capital Wealth Advisors LLC raised its holdings in CSW Industrials by 40.0% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 3,500 shares of the basic materials company’s stock worth $1,235,000 after purchasing an additional 1,000 shares during the period. 82.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at CSW Industrials

In related news, EVP Don Sullivan sold 1,500 shares of the firm’s stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $332.16, for a total value of $498,240.00. Following the completion of the transaction, the executive vice president now owns 25,989 shares of the company’s stock, valued at approximately $8,632,506.24. This trade represents a 5.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Luke Alverson sold 1,100 shares of CSW Industrials stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $292.12, for a total transaction of $321,332.00. Following the completion of the transaction, the senior vice president now directly owns 13,434 shares of the company’s stock, valued at approximately $3,924,340.08. This trade represents a 7.57% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,276 shares of company stock valued at $3,093,736. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CSWI shares. Wells Fargo & Company cut their target price 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. Citigroup dropped their price objective 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. StockNews.com lowered shares of CSW Industrials from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Finally, Truist Financial initiated coverage on shares of CSW Industrials in a report on Friday, February 14th. They set a “hold” rating and a $362.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $342.50.

CSW Industrials Trading Down 1.1%

CSW Industrials stock opened at $327.59 on Tuesday. The company has a market cap of $5.50 billion, a P/E ratio of 39.14 and a beta of 0.96. CSW Industrials, Inc. has a 1-year low of $240.21 and a 1-year high of $436.50. The company has a fifty day simple moving average of $300.39 and a 200 day simple moving average of $340.91.

CSW Industrials Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 25th were given a $0.27 dividend. The ex-dividend date was Friday, April 25th. This represents a $1.08 dividend on an annualized basis and a yield of 0.33%. This is an increase from CSW Industrials’s previous quarterly dividend of $0.24. CSW Industrials’s dividend payout ratio (DPR) is 12.90%.

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.