Versor Investments LP Purchases New Position in CSW Industrials, Inc. (NASDAQ:CSWI)

Versor Investments LP purchased a new stake in CSW Industrials, Inc. (NASDAQ:CSWI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,825 shares of the basic materials company’s stock, valued at approximately $644,000.

Other institutional investors have also bought and sold shares of the company. Private Advisor Group LLC acquired a new position in CSW Industrials in the third quarter worth $202,000. Nisa Investment Advisors LLC boosted its stake in CSW Industrials by 508.8% in the third quarter. Nisa Investment Advisors LLC now owns 207 shares of the basic materials company’s stock worth $76,000 after purchasing an additional 173 shares in the last quarter. New York State Teachers Retirement System acquired a new position in CSW Industrials in the third quarter worth $1,429,000. Conestoga Capital Advisors LLC boosted its stake in CSW Industrials by 1.7% in the third quarter. Conestoga Capital Advisors LLC now owns 577,037 shares of the basic materials company’s stock worth $211,420,000 after purchasing an additional 9,781 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in CSW Industrials by 16.3% in the third quarter. Farther Finance Advisors LLC now owns 328 shares of the basic materials company’s stock worth $120,000 after purchasing an additional 46 shares in the last quarter. Institutional investors and hedge funds own 82.79% of the company’s stock.

Insider Activity at CSW Industrials

In related news, EVP Don Sullivan sold 1,965 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was 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 approximately $11,925,768.60. This represents a 6.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $389.78, for a total value 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 represents a 1.97 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,103 shares of company stock worth $3,437,104. 1.40% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Truist Financial assumed coverage on CSW Industrials in a research note on Friday, February 14th. They issued a “hold” rating and a $362.00 price objective on the stock. Citigroup reduced their price objective on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th. StockNews.com downgraded CSW Industrials from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Wells Fargo & Company dropped their target price on CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Finally, The Goldman Sachs Group dropped their target price on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, CSW Industrials currently has a consensus rating of “Hold” and a consensus price target of $379.00.

CSW Industrials Stock Up 2.7 %

CSWI stock opened at $306.09 on Friday. The business has a fifty day moving average of $344.92 and a 200-day moving average of $360.59. The company has a market cap of $5.14 billion, a P/E ratio of 36.57 and a beta of 0.84. CSW Industrials, Inc. has a twelve month low of $221.10 and a twelve month high of $436.50.

CSW Industrials (NASDAQ:CSWI) last released its quarterly earnings data 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 return on equity of 15.72% and a net margin of 15.53%. As a group, equities research analysts anticipate that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $0.96 dividend on an annualized basis and a yield of 0.31%. CSW Industrials’s dividend payout ratio is presently 11.47%.

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.