Connor Clark & Lunn Investment Management Ltd. Has $9.64 Million Holdings in CSW Industrials, Inc. (NASDAQ:CSWI)

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 81.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,322 shares of the basic materials company's stock after buying an additional 11,787 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.16% of CSW Industrials worth $9,644,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of CSWI. Capital World Investors grew its holdings in shares of CSW Industrials by 956.8% during the first quarter. Capital World Investors now owns 376,573 shares of the basic materials company's stock valued at $88,344,000 after purchasing an additional 340,939 shares during the last quarter. Vanguard Group Inc. grew its stake 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 buying an additional 340,904 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in CSW Industrials in the second quarter worth $65,595,000. Principal Financial Group Inc. lifted its stake in CSW Industrials by 1,046.2% in the third quarter. Principal Financial Group Inc. now owns 84,991 shares of the basic materials company's stock valued at $31,140,000 after buying an additional 77,576 shares during the last quarter. Finally, Natixis Advisors LLC acquired a new position in shares of CSW Industrials during the second quarter valued at $12,424,000. Institutional investors and hedge funds own 82.79% of the company's stock.

Insider Activity

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the company's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $341.37, for a total value of $341,370.00. Following the transaction, the chief executive officer now owns 51,579 shares in the company, valued at approximately $17,607,523.23. This represents a 1.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders have sold 3,000 shares of company stock worth $1,139,500. 1.40% of the stock is owned by corporate insiders.

CSW Industrials Trading Up 2.6 %

Shares of CSWI traded up $11.00 during midday trading on Friday, hitting $426.66. The stock had a trading volume of 161,930 shares, compared to its average volume of 127,555. CSW Industrials, Inc. has a fifty-two week low of $172.97 and a fifty-two week high of $428.46. The business has a 50-day simple moving average of $380.25 and a two-hundred day simple moving average of $316.34. The firm has a market cap of $7.17 billion, a P/E ratio of 56.48, a price-to-earnings-growth ratio of 3.34 and a beta of 0.78.

CSW Industrials Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, October 25th were issued a $0.24 dividend. The ex-dividend date was Friday, October 25th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.23%. This is a positive change from CSW Industrials's previous quarterly dividend of $0.21. CSW Industrials's dividend payout ratio is presently 13.04%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Citigroup raised shares of CSW Industrials to a "hold" rating in a research note on Wednesday, November 13th. StockNews.com downgraded CSW Industrials from a "buy" rating to a "hold" rating in a research report on Thursday, November 14th.

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.