Mutual of America Capital Management LLC purchased a new stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,501 shares of the basic materials company's stock, valued at approximately $916,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. CANADA LIFE ASSURANCE Co boosted its holdings in CSW Industrials by 272.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 7,344 shares of the basic materials company's stock worth $1,720,000 after acquiring an additional 5,372 shares during the last quarter. Vanguard Group Inc. boosted its holdings in CSW Industrials by 39.1% during the 1st quarter. Vanguard Group Inc. now owns 1,213,748 shares of the basic materials company's stock worth $284,745,000 after acquiring an additional 340,904 shares during the last quarter. Daymark Wealth Partners LLC purchased a new position in CSW Industrials during the 2nd quarter worth $478,000. Oppenheimer Asset Management Inc. boosted its holdings in CSW Industrials by 49.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 11,376 shares of the basic materials company's stock worth $3,018,000 after acquiring an additional 3,769 shares during the last quarter. Finally, New York State Teachers Retirement System purchased a new position in CSW Industrials during the 3rd quarter worth $1,429,000. Institutional investors own 82.79% of the company's stock.
Insider Buying and Selling
In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $393.34, for a total transaction of $393,340.00. Following the transaction, the chief executive officer now directly owns 51,698 shares in the company, valued at $20,334,891.32. This trade represents a 1.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have sold 3,000 shares of company stock worth $1,139,500. Insiders own 1.40% of the company's stock.
CSW Industrials Trading Down 2.0 %
CSWI stock opened at $423.58 on Wednesday. The company's 50 day moving average is $385.50 and its 200 day moving average is $321.09. The stock has a market cap of $7.12 billion, a price-to-earnings ratio of 57.55, a price-to-earnings-growth ratio of 3.46 and a beta of 0.78. CSW Industrials, Inc. has a 1-year low of $172.97 and a 1-year high of $436.50.
CSW Industrials Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, October 25th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.23%. 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 is 13.04%.
Wall Street Analyst Weigh In
CSWI has been the topic of a number of analyst reports. Citigroup raised shares of CSW Industrials to a "hold" rating in a report on Wednesday, November 13th. Wells Fargo & Company began coverage on shares of CSW Industrials in a report on Monday. They set an "equal weight" rating and a $425.00 price objective on the stock. Finally, StockNews.com downgraded shares of CSW Industrials from a "buy" rating to a "hold" rating in a report on Thursday, November 14th.
Get Our Latest Stock Report on CSWI
About CSW Industrials
(
Free Report)
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.
See Also
Before you consider CSW Industrials, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CSW Industrials wasn't on the list.
While CSW Industrials currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Keep reading to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
