Erste Asset Management GmbH Takes $651,000 Position in CSW Industrials, Inc. (NASDAQ:CSWI)

Erste Asset Management GmbH acquired a new position in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,760 shares of the basic materials company's stock, valued at approximately $651,000.

Several other large investors also recently made changes to their positions in CSWI. GAMMA Investing LLC grew its stake 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 period. V Square Quantitative Management LLC acquired a new position in CSW Industrials during the third quarter worth $30,000. Contravisory Investment Management Inc. raised its holdings in CSW Industrials by 48.1% during the second quarter. Contravisory Investment Management Inc. now owns 117 shares of the basic materials company's stock worth $31,000 after buying an additional 38 shares during the last quarter. Peterson Financial Group Inc. bought a new position in shares of CSW Industrials in the third quarter valued at $72,000. Finally, Nisa Investment Advisors LLC grew its holdings in shares of CSW Industrials by 508.8% during the third quarter. Nisa Investment Advisors LLC now owns 207 shares of the basic materials company's stock valued at $76,000 after buying an additional 173 shares during the last quarter. 82.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on CSWI. Wells Fargo & Company assumed coverage on shares of CSW Industrials in a report on Monday, November 25th. They issued an "equal weight" rating and a $425.00 target price on the stock. Citigroup raised CSW Industrials to a "hold" rating in a research note on Wednesday, November 13th. Finally, StockNews.com raised CSW Industrials from a "hold" rating to a "buy" rating in a research report on Wednesday, November 27th.

Insider Transactions at CSW Industrials

In related news, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $404.79, for a total value of $404,790.00. Following the completion of the transaction, the chief executive officer now directly owns 50,698 shares in the company, valued at approximately $20,522,043.42. The trade was a 1.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders sold 3,000 shares of company stock worth $1,139,500. 1.40% of the stock is owned by company insiders.

CSW Industrials Price Performance

Shares of NASDAQ CSWI traded down $4.19 during midday trading on Wednesday, reaching $415.20. The company's stock had a trading volume of 99,851 shares, compared to its average volume of 126,497. The stock has a market capitalization of $6.98 billion, a P/E ratio of 56.41 and a beta of 0.81. The firm has a 50 day moving average price of $392.29 and a 200-day moving average price of $327.87. CSW Industrials, Inc. has a 12-month low of $177.06 and a 12-month high of $436.50.

CSW Industrials Increases Dividend

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

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.