CSW Industrials, Inc. (NASDAQ:CSWI) Shares Bought by Citigroup Inc.

Citigroup Inc. raised its holdings in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 367.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,816 shares of the basic materials company's stock after acquiring an additional 16,364 shares during the quarter. Citigroup Inc. owned approximately 0.12% of CSW Industrials worth $7,627,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. GAMMA Investing LLC lifted its position in CSW Industrials by 105.9% in the third quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company's stock valued at $26,000 after acquiring an additional 36 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of CSW Industrials in the 3rd quarter valued at about $30,000. Contravisory Investment Management Inc. boosted its position in shares of CSW Industrials by 48.1% in the 2nd quarter. Contravisory Investment Management Inc. now owns 117 shares of the basic materials company's stock valued at $31,000 after purchasing an additional 38 shares during the period. Peterson Financial Group Inc. purchased a new position in CSW Industrials during the 3rd quarter worth approximately $72,000. Finally, Nisa Investment Advisors LLC increased its position in CSW Industrials by 508.8% during the third quarter. Nisa Investment Advisors LLC now owns 207 shares of the basic materials company's stock worth $76,000 after buying an additional 173 shares during the period. Hedge funds and other institutional investors own 82.79% of the company's stock.

CSW Industrials Stock Up 1.2 %

Shares of NASDAQ CSWI traded up $5.16 during mid-day trading on Friday, hitting $422.39. 44,165 shares of the company were exchanged, compared to its average volume of 96,158. The stock has a 50 day simple moving average of $389.23 and a 200-day simple moving average of $324.23. CSW Industrials, Inc. has a 1-year low of $176.56 and a 1-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 3.43 and a beta of 0.78.

CSW Industrials Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, October 25th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.23%. The ex-dividend date of this dividend was Friday, October 25th. This is a boost from CSW Industrials's previous quarterly dividend of $0.21. CSW Industrials's dividend payout ratio (DPR) is 13.04%.

Insider Activity

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the business's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $341.37, for a total transaction of $341,370.00. Following the sale, the chief executive officer now directly owns 51,579 shares in the company, valued at approximately $17,607,523.23. The trade was a 1.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 3,000 shares of company stock valued at $1,139,500 over the last quarter. Corporate insiders own 1.40% of the company's stock.

Wall Street Analyst Weigh In

CSWI has been the subject of several research analyst reports. StockNews.com raised 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 report on Monday, November 25th. They set an "equal weight" rating and a $425.00 price objective on the stock. Finally, Citigroup upgraded shares of CSW Industrials to a "hold" rating in a research note on Wednesday, November 13th.

CSW Industrials 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.