CSW Industrials, Inc. (NASDAQ:CSWI) Shares Bought by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. lifted its stake in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 174.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,428 shares of the basic materials company's stock after buying an additional 25,050 shares during the period. CSW Industrials makes up 0.6% of Harbor Capital Advisors Inc.'s investment portfolio, making the stock its 21st largest holding. Harbor Capital Advisors Inc. owned about 0.25% of CSW Industrials worth $14,446,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of CSWI. CANADA LIFE ASSURANCE Co lifted its holdings in shares of CSW Industrials by 272.4% during the first quarter. CANADA LIFE ASSURANCE Co now owns 7,344 shares of the basic materials company's stock worth $1,720,000 after purchasing an additional 5,372 shares during the period. Capital World Investors lifted its stake in shares of CSW Industrials by 956.8% in the 1st quarter. Capital World Investors now owns 376,573 shares of the basic materials company's stock worth $88,344,000 after acquiring an additional 340,939 shares during the period. Vanguard Group Inc. boosted its holdings in shares of CSW Industrials by 39.1% in the first quarter. Vanguard Group Inc. now owns 1,213,748 shares of the basic materials company's stock valued at $284,745,000 after acquiring an additional 340,904 shares in the last quarter. Daymark Wealth Partners LLC acquired a new position in shares of CSW Industrials during the second quarter worth about $478,000. Finally, Oppenheimer Asset Management Inc. increased its stake in shares of CSW Industrials by 49.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 11,376 shares of the basic materials company's stock worth $3,018,000 after acquiring an additional 3,769 shares during the period. 82.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of CSW Industrials from a "buy" rating to a "hold" rating in a research report on Tuesday, September 17th.

Insider Buying and Selling at CSW Industrials

In other news, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction dated 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 directly owns 51,698 shares of the company's stock, valued at approximately $20,334,891.32. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.40% of the stock is owned by corporate insiders.

CSW Industrials Stock Performance

CSW Industrials stock traded up $5.35 during midday trading on Friday, reaching $358.45. 142,879 shares of the company were exchanged, compared to its average volume of 137,319. The company has a market capitalization of $6.03 billion, a price-to-earnings ratio of 48.70, a P/E/G ratio of 2.83 and a beta of 0.78. The firm's 50-day simple moving average is $355.60 and its 200-day simple moving average is $300.75. CSW Industrials, Inc. has a 1 year low of $167.27 and a 1 year high of $398.80.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $2.47 EPS for the quarter, topping the consensus estimate of $2.18 by $0.29. The firm had revenue of $226.18 million during the quarter, compared to analyst estimates of $215.40 million. CSW Industrials had a net margin of 13.77% and a return on equity of 17.07%. During the same quarter in the prior year, the business posted $1.97 earnings per share. On average, analysts forecast that CSW Industrials, Inc. will post 8.32 EPS for the current fiscal year.

CSW Industrials Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, October 25th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date is Friday, October 25th. This is a boost from CSW Industrials's previous quarterly dividend of $0.21. CSW Industrials's dividend payout ratio is currently 13.04%.

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.