New York State Teachers Retirement System Invests $1.43 Million in CSW Industrials, Inc. (NASDAQ:CSWI)

New York State Teachers Retirement System acquired a new stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 3,900 shares of the basic materials company's stock, valued at approximately $1,429,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Andina Capital Management LLC grew its stake in shares of CSW Industrials by 3.5% in the 3rd quarter. Andina Capital Management LLC now owns 1,559 shares of the basic materials company's stock worth $571,000 after purchasing an additional 53 shares during the last quarter. Nisa Investment Advisors LLC grew its position 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 buying an additional 173 shares during the last quarter. State of Alaska Department of Revenue bought a new position in shares of CSW Industrials in the third quarter valued at $3,477,000. Louisiana State Employees Retirement System bought a new position in shares of CSW Industrials in the third quarter valued at $2,931,000. Finally, Assenagon Asset Management S.A. lifted its position in shares of CSW Industrials by 162.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 55,626 shares of the basic materials company's stock valued at $20,381,000 after acquiring an additional 34,427 shares during the last quarter. Institutional investors own 82.79% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com raised CSW Industrials from a "hold" rating to a "buy" rating in a research report on Tuesday, November 5th.

CSW Industrials Trading Up 1.1 %

NASDAQ:CSWI traded up $4.71 during trading hours on Friday, hitting $420.05. 131,014 shares of the stock traded hands, compared to its average volume of 134,878. The firm has a market cap of $7.07 billion, a price-to-earnings ratio of 57.07, a PEG ratio of 3.23 and a beta of 0.78. The firm has a 50 day moving average price of $362.34 and a 200 day moving average price of $306.42. CSW Industrials, Inc. has a fifty-two week low of $167.27 and a fifty-two week high of $422.09.

CSW Industrials Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, October 25th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend 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 is 13.04%.

Insider Buying and Selling

In related news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $393.34, for a total value of $393,340.00. Following the transaction, the chief executive officer now owns 51,698 shares in the company, valued at approximately $20,334,891.32. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.40% of the stock is currently owned by corporate insiders.

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.