Geode Capital Management LLC Raises Stock Position in CSW Industrials, Inc. (NASDAQ:CSWI)

Geode Capital Management LLC raised its position in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 7.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 388,954 shares of the basic materials company's stock after purchasing an additional 26,728 shares during the quarter. Geode Capital Management LLC owned 2.31% of CSW Industrials worth $142,536,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC lifted its stake in shares of CSW Industrials by 105.9% during the 3rd quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company's stock valued at $26,000 after buying an additional 36 shares in the last quarter. National Bank of Canada FI bought a new stake in CSW Industrials during the third quarter valued at about $28,000. V Square Quantitative Management LLC purchased a new position in shares of CSW Industrials in the third quarter valued at about $30,000. Peterson Financial Group Inc. bought a new position in shares of CSW Industrials in the third quarter worth about $72,000. Finally, Nisa Investment Advisors LLC grew its position 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 worth $76,000 after purchasing an additional 173 shares in the last quarter. 82.79% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Don Sullivan sold 1,965 shares of CSW Industrials stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $387.15, for a total transaction of $760,749.75. Following the completion of the transaction, the executive vice president now directly owns 30,804 shares of the company's stock, valued at approximately $11,925,768.60. The trade was a 6.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Joseph B. Armes sold 1,000 shares of the company'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 transaction, the chief executive officer now owns 51,698 shares in the company, valued at $20,334,891.32. The trade was a 1.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,381 shares of company stock worth $2,496,864. 1.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Citigroup raised CSW Industrials to a "hold" rating in a report on Wednesday, November 13th. Wells Fargo & Company lowered their target price on shares of CSW Industrials from $425.00 to $410.00 and set an "equal weight" rating on the stock in a report on Tuesday. The Goldman Sachs Group began coverage on shares of CSW Industrials in a research note on Friday, December 6th. They set a "neutral" rating and a $450.00 target price for the company. Finally, StockNews.com upgraded shares of CSW Industrials from a "hold" rating to a "buy" rating in a research note on Friday, December 6th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $430.00.

CSW Industrials Stock Performance

Shares of CSWI traded down $9.43 during mid-day trading on Tuesday, hitting $379.74. 136,762 shares of the stock were exchanged, compared to its average volume of 125,334. The company has a market cap of $6.39 billion, a PE ratio of 51.63 and a beta of 0.81. CSW Industrials, Inc. has a 52-week low of $199.20 and a 52-week high of $436.50. The firm has a 50-day moving average of $397.24 and a two-hundred day moving average of $336.52.

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 is an increase from CSW Industrials's previous quarterly dividend of $0.21. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.25%. CSW Industrials's payout ratio is 13.04%.

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.