3,455 Shares in CSW Industrials, Inc. (NASDAQ:CSWI) Acquired by Massar Capital Management LP

Massar Capital Management LP bought a new stake in CSW Industrials, Inc. (NASDAQ:CSWI) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,455 shares of the basic materials company’s stock, valued at approximately $1,219,000. CSW Industrials makes up about 1.4% of Massar Capital Management LP’s investment portfolio, making the stock its 26th biggest position.

Several other hedge funds have also bought and sold shares of the stock. Anchor Investment Management LLC lifted 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 worth $472,000 after acquiring an additional 32 shares during the last quarter. Atria Investments Inc lifted its stake in CSW Industrials by 1.4% during the fourth 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 boosted its holdings in shares of CSW Industrials by 0.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,934 shares of the basic materials company’s stock worth $1,388,000 after purchasing an additional 34 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of CSW Industrials by 1.0% during 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 during the last quarter. Finally, Morse Asset Management Inc raised its holdings in shares of CSW Industrials by 2.3% during the 3rd quarter. Morse Asset Management Inc now owns 1,621 shares of the basic materials company’s stock valued at $594,000 after buying an additional 36 shares in the last quarter. 82.79% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Don Sullivan sold 2,222 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $292.12, for a total value of $649,090.64. Following the completion of the transaction, the executive vice president now owns 24,853 shares in the company, valued at $7,260,058.36. This trade represents a 8.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert M. Swartz sold 200 shares of CSW Industrials stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $321.78, for a total value of $64,356.00. Following the sale, the director now owns 13,519 shares in the company, valued at $4,350,143.82. This represents a 1.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,631 shares of company stock valued at $2,551,912. Corporate insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Citigroup cut their target price on CSW Industrials from $364.00 to $313.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. The Goldman Sachs Group decreased their target price 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. Truist Financial began 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. StockNews.com cut CSW Industrials from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Finally, Wells Fargo & Company lowered their target price on CSW Industrials from $350.00 to $295.00 and set an “equal weight” rating for the company in a research note on Monday, April 14th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $342.50.

CSW Industrials Trading Down 2.4 %

Shares of NASDAQ:CSWI opened at $291.18 on Tuesday. The company has a market cap of $4.89 billion, a price-to-earnings ratio of 34.79 and a beta of 0.88. CSW Industrials, Inc. has a 12 month low of $232.20 and a 12 month high of $436.50. The company has a 50-day moving average price of $295.27 and a 200-day moving average price of $349.21.

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

CSW Industrials Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 25th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.37%. This is a boost from CSW Industrials’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, April 25th. CSW Industrials’s dividend payout ratio (DPR) is currently 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.