Townsquare Capital LLC Has $4.41 Million Stake in CSW Industrials, Inc. (NASDAQ:CSWI)

Townsquare Capital LLC raised its holdings in CSW Industrials, Inc. (NASDAQ:CSWI) by 15.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,502 shares of the basic materials company’s stock after buying an additional 1,667 shares during the period. Townsquare Capital LLC owned 0.07% of CSW Industrials worth $4,411,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. National Bank of Canada FI bought a new position in shares of CSW Industrials in the third quarter valued at $28,000. IFP Advisors Inc grew its position in shares of CSW Industrials by 510.5% in the 4th quarter. IFP Advisors Inc now owns 116 shares of the basic materials company’s stock valued at $42,000 after acquiring an additional 97 shares during the period. GAMMA Investing LLC increased its stake in shares of CSW Industrials by 94.3% during the 4th quarter. GAMMA Investing LLC now owns 136 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 66 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in CSW Industrials in the 4th quarter valued at about $51,000. Finally, Jones Financial Companies Lllp grew its holdings in CSW Industrials by 300.0% during the fourth quarter. Jones Financial Companies Lllp now owns 164 shares of the basic materials company’s stock worth $58,000 after purchasing an additional 123 shares during the period. 82.79% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP James E. Perry sold 145 shares of the business’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $289.10, for a total value of $41,919.50. Following the completion of the transaction, the executive vice president now owns 23,137 shares of the company’s stock, valued at $6,688,906.70. The trade was a 0.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Don Sullivan sold 2,222 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $292.12, for a total transaction of $649,090.64. Following the sale, the executive vice president now owns 24,853 shares in the company, valued at $7,260,058.36. The trade was a 8.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 8,012 shares of company stock worth $2,588,521. 1.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CSWI shares. Truist Financial assumed coverage on CSW Industrials in a research report on Friday, February 14th. They issued a “hold” rating and a $362.00 price objective for the company. Wells Fargo & Company cut their price target on CSW Industrials from $350.00 to $295.00 and set an “equal weight” rating for the company in a report on Monday. StockNews.com lowered shares of CSW Industrials from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Citigroup reduced their target price on shares of CSW Industrials from $364.00 to $313.00 and set a “neutral” rating for the company in a report on Monday. Finally, The Goldman Sachs Group decreased 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. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $342.50.

CSW Industrials Stock Performance

NASDAQ:CSWI opened at $299.08 on Tuesday. CSW Industrials, Inc. has a 52 week low of $229.49 and a 52 week high of $436.50. The firm’s 50-day simple moving average is $298.03 and its 200 day simple moving average is $351.69. The firm has a market cap of $5.02 billion, a price-to-earnings ratio of 35.73 and a beta of 0.88.

CSW Industrials (NASDAQ:CSWI) last announced its earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts anticipate that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 25th will be issued a $0.27 dividend. The ex-dividend date of this dividend 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 yield of 0.36%. CSW Industrials’s payout ratio 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.