Intech Investment Management LLC Invests $1.73 Million in CSW Industrials, Inc. (NASDAQ:CSWI)

Intech Investment Management LLC bought a new stake in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 4,728 shares of the basic materials company's stock, valued at approximately $1,732,000.

A number of other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC raised its stake in 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 acquiring an additional 36 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in CSW Industrials during the 3rd quarter valued at approximately $30,000. Contravisory Investment Management Inc. raised its stake in CSW Industrials by 48.1% during the 2nd quarter. Contravisory Investment Management Inc. now owns 117 shares of the basic materials company's stock valued at $31,000 after acquiring an additional 38 shares during the last quarter. Peterson Financial Group Inc. purchased a new stake in CSW Industrials during the 3rd quarter valued at approximately $72,000. Finally, Nisa Investment Advisors LLC raised its stake in CSW Industrials by 508.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 207 shares of the basic materials company's stock valued at $76,000 after acquiring an additional 173 shares during the last quarter. 82.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CSWI has been the subject of several analyst reports. StockNews.com downgraded CSW Industrials from a "buy" rating to a "hold" rating in a research note on Thursday, November 14th. Wells Fargo & Company initiated coverage on CSW Industrials in a research note on Monday. They set an "equal weight" rating and a $425.00 price objective for the company. Finally, Citigroup raised CSW Industrials to a "hold" rating in a research note on Wednesday, November 13th.

CSW Industrials Price Performance

Shares of CSWI stock traded down $8.43 during trading hours on Tuesday, reaching $423.58. 110,572 shares of the company's stock were exchanged, compared to its average volume of 127,505. The company has a market cap of $7.12 billion, a P/E ratio of 57.55, a price-to-earnings-growth ratio of 3.42 and a beta of 0.78. The company's 50 day moving average is $383.89 and its two-hundred day moving average is $319.85. CSW Industrials, Inc. has a 1 year low of $172.97 and a 1 year high of $436.50.

CSW Industrials Increases Dividend

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

Insider Activity at CSW Industrials

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $393.34, for a total transaction of $393,340.00. Following the sale, the chief executive officer now owns 51,698 shares in the company, valued at approximately $20,334,891.32. This represents a 1.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 3,000 shares of company stock valued at $1,139,500 in the last ninety days. Corporate insiders own 1.40% of the company's stock.

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.