Two Sigma Advisers LP reduced its stake in CSW Industrials Inc (NASDAQ:CSWI) by 11.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,800 shares of the basic materials company’s stock after selling 2,100 shares during the quarter. Two Sigma Advisers LP owned approximately 0.10% of CSW Industrials worth $764,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in CSWI. Morgan Stanley increased its position in shares of CSW Industrials by 200.4% during the 3rd quarter. Morgan Stanley now owns 240,422 shares of the basic materials company’s stock valued at $12,910,000 after purchasing an additional 160,395 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of CSW Industrials by 19.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 502,071 shares of the basic materials company’s stock valued at $26,961,000 after purchasing an additional 82,376 shares during the last quarter. BlackRock Inc. increased its position in shares of CSW Industrials by 4.4% during the 4th quarter. BlackRock Inc. now owns 1,066,958 shares of the basic materials company’s stock valued at $51,588,000 after purchasing an additional 45,383 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of CSW Industrials by 8.8% during the 3rd quarter. Renaissance Technologies LLC now owns 279,590 shares of the basic materials company’s stock valued at $15,014,000 after purchasing an additional 22,690 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of CSW Industrials during the 4th quarter valued at $982,000. 73.18% of the stock is owned by hedge funds and other institutional investors.
Shares of CSW Industrials stock opened at $60.18 on Wednesday. CSW Industrials Inc has a 1 year low of $41.50 and a 1 year high of $61.61. The firm has a market cap of $917.11 million, a PE ratio of 24.15 and a beta of 1.30. The company has a quick ratio of 1.67, a current ratio of 2.81 and a debt-to-equity ratio of 0.04.
The company also recently declared a special dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 8th will be paid a dividend of $0.135 per share. The ex-dividend date is Tuesday, May 7th.
Separately, BidaskClub raised CSW Industrials from a “sell” rating to a “hold” rating in a research report on Friday, February 8th.
In other news, CEO Joseph B. Armes sold 5,000 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $57.47, for a total transaction of $287,350.00. Following the completion of the transaction, the chief executive officer now owns 56,345 shares in the company, valued at approximately $3,238,147.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.20% of the stock is currently owned by corporate insiders.
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CSW Industrials Profile
CSW Industrials, Inc operates as a diversified industrial company in the United States and internationally. The company operates through two segments, Industrial Products and Specialty Chemicals. The Industrial Products segment offers specialty mechanical products; fire and smoke protection products; architecturally-specified building products; and storage, filtration, and application equipment for use with specialty chemicals and other products.
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