Charles Schwab Investment Management Inc. Buys 19,659 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

Charles Schwab Investment Management Inc. grew its stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 13.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 168,369 shares of the basic materials company's stock after acquiring an additional 19,659 shares during the period. Charles Schwab Investment Management Inc. owned about 1.00% of CSW Industrials worth $61,689,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CSWI. Intech Investment Management LLC purchased a new stake in shares of CSW Industrials in the third quarter valued at $1,732,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of CSW Industrials by 81.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 26,322 shares of the basic materials company's stock worth $9,644,000 after purchasing an additional 11,787 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in CSW Industrials in the 3rd quarter valued at approximately $2,305,000. Pathstone Holdings LLC increased its stake in shares of CSW Industrials by 12.6% in the third quarter. Pathstone Holdings LLC now owns 6,070 shares of the basic materials company's stock worth $2,224,000 after acquiring an additional 679 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its holdings in shares of 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 worth $10,414,000 after acquiring an additional 8,161 shares in the last quarter. 82.79% of the stock is owned by institutional investors.

Insider Transactions at CSW Industrials

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the firm's stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $393.34, for a total transaction of $393,340.00. Following the completion of the transaction, the chief executive officer now 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 document filed with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders have sold 3,000 shares of company stock worth $1,139,500. 1.40% of the stock is currently owned by company insiders.

CSW Industrials Stock Performance

Shares of CSW Industrials stock traded up $5.16 during trading on Friday, reaching $422.39. The company's stock had a trading volume of 44,165 shares, compared to its average volume of 126,947. CSW Industrials, Inc. has a one year low of $176.56 and a one year high of $436.50. The firm has a market cap of $7.10 billion, a price-to-earnings ratio of 57.39, a price-to-earnings-growth ratio of 3.38 and a beta of 0.78. The business's fifty day moving average price is $389.23 and its 200-day moving average price is $323.68.

CSW Industrials Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 25th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.23%. This is a positive change 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 currently 13.04%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CSWI. StockNews.com upgraded CSW Industrials from a "hold" rating to a "buy" rating in a report on Wednesday. Wells Fargo & Company began coverage on shares of CSW Industrials in a research note on Monday, November 25th. They set an "equal weight" rating and a $425.00 price target on the stock. Finally, Citigroup upgraded shares of CSW Industrials to a "hold" rating in a report on Wednesday, November 13th.

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.