CSW Industrials, Inc. (NASDAQ:CSWI) Stock Position Raised by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. raised its stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 20.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 67,043 shares of the basic materials company's stock after acquiring an additional 11,417 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.40% of CSW Industrials worth $23,653,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its position in shares of CSW Industrials by 7.4% in the 3rd quarter. Geode Capital Management LLC now owns 388,954 shares of the basic materials company's stock worth $142,536,000 after acquiring an additional 26,728 shares in the last quarter. Mutual of America Capital Management LLC acquired a new position in CSW Industrials in the third quarter worth $916,000. Charles Schwab Investment Management Inc. boosted its holdings in CSW Industrials by 13.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 168,369 shares of the basic materials company's stock worth $61,689,000 after purchasing an additional 19,659 shares during the period. Thrivent Financial for Lutherans increased its stake in CSW Industrials by 40.3% during the third quarter. Thrivent Financial for Lutherans now owns 28,423 shares of the basic materials company's stock valued at $10,414,000 after purchasing an additional 8,161 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of CSW Industrials by 8.5% during the third quarter. The Manufacturers Life Insurance Company now owns 9,503 shares of the basic materials company's stock worth $3,482,000 after purchasing an additional 744 shares during the period. 82.79% of the stock is owned by institutional investors and hedge funds.

CSW Industrials Trading Up 1.3 %

Shares of NASDAQ:CSWI opened at $390.21 on Friday. The firm's 50 day moving average is $388.48 and its two-hundred day moving average is $352.36. The firm has a market capitalization of $6.56 billion, a P/E ratio of 53.02 and a beta of 0.85. CSW Industrials, Inc. has a 52 week low of $203.83 and a 52 week high of $436.50.

CSW Industrials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.25%. The ex-dividend date of this dividend is Friday, January 31st. CSW Industrials's payout ratio is currently 13.04%.

Analyst Upgrades and Downgrades

CSWI has been the subject of several research reports. Wells Fargo & Company decreased their price target on shares of CSW Industrials from $425.00 to $410.00 and set an "equal weight" rating for the company in a report on Tuesday, December 17th. Citigroup cut their price target on CSW Industrials from $466.00 to $404.00 and set a "neutral" rating on the stock in a report on Monday, January 13th. The Goldman Sachs Group lowered their price objective on CSW Industrials from $450.00 to $400.00 and set a "neutral" rating for the company in a research note on Tuesday. Finally, StockNews.com upgraded CSW Industrials from a "hold" rating to a "buy" rating in a research note on Friday, December 6th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, CSW Industrials has an average rating of "Hold" and an average target price of $404.67.

Insiders Place Their Bets

In other news, EVP Don Sullivan sold 1,800 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $377.58, for a total value of $679,644.00. Following the completion of the transaction, the executive vice president now directly owns 29,004 shares in the company, valued at $10,951,330.32. This trade represents a 5.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction, the chief executive officer now owns 50,698 shares in the company, valued at $20,522,043.42. This represents a 1.93 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,903 shares of company stock worth $3,777,538. 1.40% of the stock is owned by company insiders.

CSW Industrials Company 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.