Jane Street Group LLC Decreases Position in CSW Industrials, Inc. (NASDAQ:CSWI)

Jane Street Group LLC lowered its stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 18.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,849 shares of the basic materials company’s stock after selling 8,559 shares during the quarter. Jane Street Group LLC owned 0.22% of CSW Industrials worth $13,501,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of CSWI. Hsbc Holdings PLC increased its holdings in CSW Industrials by 2.0% in the second quarter. Hsbc Holdings PLC now owns 1,743 shares of the basic materials company’s stock valued at $461,000 after buying an additional 34 shares during the last quarter. Xponance Inc. increased its holdings in shares of CSW Industrials by 3.7% in the 2nd quarter. Xponance Inc. now owns 976 shares of the basic materials company’s stock valued at $259,000 after acquiring an additional 35 shares during the last quarter. GAMMA Investing LLC raised its position in shares of CSW Industrials by 105.9% during the 3rd quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 36 shares in the last quarter. Morse Asset Management Inc lifted its stake in CSW Industrials by 2.3% during the third 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. Finally, Covestor Ltd boosted its holdings in CSW Industrials by 17.4% in the third quarter. Covestor Ltd now owns 263 shares of the basic materials company’s stock valued at $96,000 after purchasing an additional 39 shares in the last quarter. 82.79% of the stock is currently owned by institutional investors and hedge funds.

CSW Industrials Trading Down 0.2 %

CSWI stock opened at $400.34 on Thursday. The firm has a 50 day moving average of $396.05 and a 200-day moving average of $333.20. The company has a market cap of $6.73 billion, a price-to-earnings ratio of 54.39 and a beta of 0.81. CSW Industrials, Inc. has a 12-month low of $188.10 and a 12-month high of $436.50.

CSW Industrials Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, October 25th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.24%. This is a boost from CSW Industrials’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Friday, October 25th. CSW Industrials’s dividend payout ratio (DPR) is 13.04%.

Analyst Ratings Changes

CSWI has been the topic of a number of recent analyst reports. StockNews.com raised shares of CSW Industrials from a “hold” rating to a “buy” rating in a research report on Friday, December 6th. Wells Fargo & Company started coverage on CSW Industrials in a report on Monday, November 25th. They set an “equal weight” rating and a $425.00 price objective on the stock. Citigroup raised CSW Industrials to a “hold” rating in a report on Wednesday, November 13th. Finally, The Goldman Sachs Group assumed coverage on CSW Industrials in a research note on Friday, December 6th. They set a “neutral” rating and a $450.00 price target on the stock. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $437.50.

Insider Activity at CSW Industrials

In related news, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $404.79, for a total transaction of $404,790.00. Following the sale, the chief executive officer now owns 50,698 shares in the company, valued at approximately $20,522,043.42. This trade represents a 1.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders have sold 3,000 shares of company stock valued at $1,139,500. 1.40% of the stock is owned by corporate insiders.

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.