Saturna Capital Corp lowered its stake in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 44.8% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,057 shares of the basic materials company's stock after selling 3,295 shares during the period. Saturna Capital Corp's holdings in CSW Industrials were worth $1,486,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CSWI. GAMMA Investing LLC grew its holdings 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 last quarter. V Square Quantitative Management LLC bought a new position in CSW Industrials in the 3rd quarter valued at approximately $30,000. Contravisory Investment Management Inc. boosted 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 purchasing an additional 38 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of CSW Industrials by 508.8% in the 3rd 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 in the last quarter. Finally, Covestor Ltd raised its stake 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 purchasing an additional 39 shares during the last quarter. Institutional investors own 82.79% of the company's stock.
CSW Industrials Price Performance
CSW Industrials stock traded down $3.52 during midday trading on Wednesday, reaching $414.55. 87,433 shares of the company traded hands, compared to its average volume of 128,851. CSW Industrials, Inc. has a 12 month low of $167.81 and a 12 month high of $428.46. The business has a 50 day moving average of $368.05 and a two-hundred day moving average of $309.72. The firm has a market capitalization of $6.97 billion, a price-to-earnings ratio of 56.32, a price-to-earnings-growth ratio of 3.35 and a beta of 0.78.
CSW Industrials Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, October 25th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.23%. This is a boost 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 presently 13.04%.
Wall Street Analyst Weigh In
Separately, StockNews.com raised CSW Industrials from a "hold" rating to a "buy" rating in a research report on Tuesday, November 5th.
Get Our Latest Research Report on CSW Industrials
Insider Transactions at CSW Industrials
In related news, CEO Joseph B. Armes sold 1,000 shares of the company's 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 completion of the sale, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.40% of the company's stock.
CSW Industrials Profile
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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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