MGB Wealth Management LLC Invests $485,000 in CSW Industrials, Inc. (NASDAQ:CSWI)

MGB Wealth Management LLC purchased a new position in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,325 shares of the basic materials company's stock, valued at approximately $485,000.

Several other hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position in shares of CSW Industrials by 105.9% during the third 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 during the period. V Square Quantitative Management LLC purchased a new position in CSW Industrials during the 3rd quarter valued at $30,000. Contravisory Investment Management Inc. boosted its holdings 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 period. Peterson Financial Group Inc. bought a new position in CSW Industrials in the 3rd quarter valued at $72,000. Finally, Nisa Investment Advisors LLC increased its stake in 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 purchasing an additional 173 shares during the period. 82.79% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction that occurred 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 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In the last quarter, insiders sold 3,000 shares of company stock worth $1,139,500. 1.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

CSWI has been the subject of a number of recent analyst reports. Citigroup raised shares of CSW Industrials to a "hold" rating in a research note on Wednesday, November 13th. StockNews.com cut shares of CSW Industrials from a "buy" rating to a "hold" rating in a research report on Thursday, November 14th.

CSW Industrials Stock Up 2.6 %

NASDAQ:CSWI traded up $11.00 during midday trading on Friday, hitting $426.66. The stock had a trading volume of 161,931 shares, compared to its average volume of 110,928. The stock has a 50-day moving average of $382.05 and a 200 day moving average of $318.05. The company has a market capitalization of $7.18 billion, a price-to-earnings ratio of 57.97, a PEG ratio of 3.33 and a beta of 0.78. CSW Industrials, Inc. has a one year low of $172.97 and a one year high of $428.46.

CSW Industrials Increases Dividend

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