Y Intercept Hong Kong Ltd Makes New Investment in CSW Industrials, Inc. (NASDAQ:CSWI)

Y Intercept Hong Kong 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 1,049 shares of the basic materials company’s stock, valued at approximately $370,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Navellier & Associates Inc. lifted its position in CSW Industrials by 67.1% during the fourth quarter. Navellier & Associates Inc. now owns 1,736 shares of the basic materials company’s stock valued at $612,000 after purchasing an additional 697 shares during the period. Hardy Reed LLC acquired a new position in shares of CSW Industrials in the fourth quarter worth about $267,000. Handelsbanken Fonder AB raised its position in shares of CSW Industrials by 11.0% in the fourth quarter. Handelsbanken Fonder AB now owns 6,069 shares of the basic materials company’s stock worth $2,141,000 after acquiring an additional 600 shares during the period. Keene & Associates Inc. acquired a new position in shares of CSW Industrials in the fourth quarter worth about $529,000. Finally, Principal Financial Group Inc. raised its position in shares of CSW Industrials by 4.8% in the fourth quarter. Principal Financial Group Inc. now owns 89,061 shares of the basic materials company’s stock worth $31,421,000 after acquiring an additional 4,070 shares during the period. 82.79% of the stock is currently owned by institutional investors and hedge funds.

CSW Industrials Price Performance

NASDAQ CSWI opened at $304.02 on Tuesday. The firm’s fifty day moving average price is $342.81 and its 200 day moving average price is $361.33. The company has a market capitalization of $5.10 billion, a price-to-earnings ratio of 36.32 and a beta of 0.84. CSW Industrials, Inc. has a 12 month low of $221.10 and a 12 month high of $436.50.

CSW Industrials (NASDAQ:CSWI) last posted its earnings results on Thursday, January 30th. The basic materials company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.11. CSW Industrials had a net margin of 15.53% and a return on equity of 15.72%. As a group, sell-side analysts forecast that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.32%. The ex-dividend date of this dividend was Friday, January 31st. CSW Industrials’s payout ratio is currently 11.47%.

Insiders Place Their Bets

In related news, EVP Don Sullivan sold 1,965 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $387.15, for a total value of $760,749.75. Following the completion of the sale, the executive vice president now owns 30,804 shares in the company, valued at $11,925,768.60. This trade represents a 6.00 % 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, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $389.78, for a total transaction of $389,780.00. Following the completion of the sale, the chief executive officer now owns 49,698 shares of the company’s stock, valued at $19,371,286.44. This trade represents a 1.97 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,448 shares of company stock valued at $3,543,172. Insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on CSWI. Wells Fargo & Company cut their target price on shares of CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Citigroup dropped their price objective on shares of CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. The Goldman Sachs Group dropped their price objective on shares of 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 downgraded shares of CSW Industrials from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, Truist Financial started coverage on shares of CSW Industrials in a research report on Friday, February 14th. They issued 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 issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $379.00.

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.