Janus Henderson Group PLC lowered its stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 22.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 153,077 shares of the basic materials company's stock after selling 45,472 shares during the period. Janus Henderson Group PLC owned approximately 0.91% of CSW Industrials worth $56,088,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of CSWI. GAMMA Investing LLC raised its stake in CSW Industrials by 105.9% during the third quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company's stock worth $26,000 after purchasing an additional 36 shares during the period. V Square Quantitative Management LLC acquired a new stake in shares of CSW Industrials in the third quarter worth $30,000. Peterson Financial Group Inc. acquired a new stake in shares of CSW Industrials in the third quarter worth $72,000. Nisa Investment Advisors LLC increased its position in shares of CSW Industrials by 508.8% in the third quarter. Nisa Investment Advisors LLC now owns 207 shares of the basic materials company's stock worth $76,000 after acquiring an additional 173 shares in the last quarter. Finally, Covestor Ltd increased its position in shares of CSW Industrials by 17.4% in the third quarter. Covestor Ltd now owns 263 shares of the basic materials company's stock worth $96,000 after acquiring an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 82.79% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of CSW Industrials in a research report on Friday. They issued a "neutral" rating and a $450.00 price objective for the company. Wells Fargo & Company assumed coverage on shares of CSW Industrials in a research report on Monday, November 25th. They issued an "equal weight" rating and a $425.00 price objective for the company. StockNews.com raised shares of CSW Industrials from a "hold" rating to a "buy" rating in a research report on Friday. Finally, Citigroup raised shares of CSW Industrials to a "hold" rating in a research report on Wednesday, November 13th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, CSW Industrials currently has an average rating of "Hold" and a consensus target price of $437.50.
View Our Latest Analysis on CSW Industrials
CSW Industrials Price Performance
CSWI traded up $5.83 during trading hours on Friday, reaching $415.77. 72,128 shares of the stock traded hands, compared to its average volume of 125,999. The firm's fifty day simple moving average is $393.07 and its two-hundred day simple moving average is $328.44. The company has a market cap of $6.99 billion, a price-to-earnings ratio of 55.70 and a beta of 0.81. CSW Industrials, Inc. has a fifty-two week low of $177.06 and a fifty-two week high of $436.50.
CSW Industrials Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, October 25th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.23%. This is a positive change from CSW Industrials's previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Friday, October 25th. CSW Industrials's dividend payout ratio (DPR) is presently 13.04%.
Insiders Place Their Bets
In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the firm's stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $393.34, for a total transaction of $393,340.00. Following the completion of the transaction, the chief executive officer now directly owns 51,698 shares of the company's stock, valued at $20,334,891.32. This trade represents a 1.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 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
(
Free Report)
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.
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