Massar Capital Management LP Invests $1.22 Million in CSW Industrials, Inc. (NASDAQ:CSWI)

Massar Capital Management LP acquired a new stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI) in the fourth quarter, Holdings Channel reports. The firm acquired 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 holdings, making the stock its 26th biggest position.

Other hedge funds have also added to or reduced their stakes in the company. Morse Asset Management Inc raised its position in shares of CSW Industrials by 2.3% in the 3rd quarter. Morse Asset Management Inc now owns 1,621 shares of the basic materials company’s stock worth $594,000 after purchasing an additional 36 shares during the last quarter. MML Investors Services LLC grew its holdings in shares of CSW Industrials by 4.8% during the third quarter. MML Investors Services LLC now owns 1,612 shares of the basic materials company’s stock valued at $591,000 after buying an additional 74 shares during the last quarter. Barclays PLC increased its position in shares of CSW Industrials by 431.2% during the third quarter. Barclays PLC now owns 29,272 shares of the basic materials company’s stock valued at $10,725,000 after acquiring an additional 23,761 shares in the last quarter. Anchor Investment Management LLC raised its holdings in CSW Industrials by 2.5% in 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. Finally, Tidal Investments LLC increased its holdings in shares of CSW Industrials by 142.7% in the 3rd quarter. Tidal Investments LLC now owns 3,526 shares of the basic materials company’s stock worth $1,292,000 after purchasing an additional 2,073 shares in the last quarter. 82.79% of the stock is owned by institutional investors.

CSW Industrials Stock Performance

NASDAQ CSWI opened at $291.18 on Tuesday. The business’s fifty day moving average is $295.27 and its 200 day moving average is $349.21. CSW Industrials, Inc. has a fifty-two week low of $232.20 and a fifty-two week high of $436.50. The company has a market capitalization of $4.89 billion, a PE ratio of 34.79 and a beta of 0.88.

CSW Industrials (NASDAQ:CSWI) last posted its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.48 earnings per share 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%. On average, sell-side analysts forecast that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors 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 represents a $1.08 annualized dividend and a yield of 0.37%. This is an increase from CSW Industrials’s previous quarterly dividend of $0.24. CSW Industrials’s dividend payout ratio is currently 12.90%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CSWI. The Goldman Sachs Group dropped their price objective on 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 started coverage on shares of CSW Industrials in a report on Friday, February 14th. They set a “hold” rating and a $362.00 price objective for the company. Citigroup decreased their target price on shares of CSW Industrials from $364.00 to $313.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Wells Fargo & Company dropped their price target on CSW Industrials from $350.00 to $295.00 and set an “equal weight” rating on the stock in a research note on Monday, April 14th. Finally, StockNews.com downgraded CSW Industrials from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $342.50.

Insiders Place Their Bets

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $298.03, for a total transaction of $298,030.00. Following the completion of the transaction, the chief executive officer now owns 66,522 shares in the company, valued at $19,825,551.66. This trade represents a 1.48 % 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 CSW Industrials stock in a transaction dated 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 of the company’s stock, valued at approximately $7,260,058.36. This represents a 8.21 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,631 shares of company stock worth $2,551,912. Corporate insiders own 1.40% of the company’s stock.

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.