Thrivent Financial for Lutherans Acquires 8,161 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

Thrivent Financial for Lutherans lifted its stake in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 40.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 28,423 shares of the basic materials company's stock after acquiring an additional 8,161 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.17% of CSW Industrials worth $10,414,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. GAMMA Investing LLC lifted its position in shares of CSW Industrials by 105.9% in 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 stake in CSW Industrials in the 3rd quarter valued at $30,000. Contravisory Investment Management Inc. lifted 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 purchasing an additional 38 shares during the last quarter. Peterson Financial Group Inc. bought a new position in CSW Industrials during the third quarter worth $72,000. Finally, Nisa Investment Advisors LLC raised 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 valued at $76,000 after purchasing an additional 173 shares during the period. Institutional investors own 82.79% of the company's stock.

Insider Activity at CSW Industrials

In related news, CEO Joseph B. Armes sold 1,000 shares of the business's stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $393.34, for a total value of $393,340.00. Following the completion of the transaction, the chief executive officer now owns 51,698 shares of the company's stock, valued at $20,334,891.32. The trade was a 1.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders sold 3,000 shares of company stock worth $1,139,500. Company insiders own 1.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CSWI. StockNews.com downgraded shares of CSW Industrials from a "buy" rating to a "hold" rating in a report on Thursday, November 14th. Citigroup upgraded CSW Industrials to a "hold" rating in a research note on Wednesday, November 13th.

CSW Industrials Stock Performance

NASDAQ:CSWI traded up $11.00 during mid-day trading on Friday, reaching $426.66. 161,931 shares of the company's stock were exchanged, compared to its average volume of 127,568. CSW Industrials, Inc. has a one year low of $172.97 and a one year high of $428.46. The business's fifty day simple moving average is $380.25 and its two-hundred day simple moving average is $316.34. The firm has a market capitalization of $7.17 billion, a PE ratio of 57.97, a price-to-earnings-growth ratio of 3.34 and a beta of 0.78.

CSW Industrials Increases Dividend

The firm 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 an increase from CSW Industrials's previous quarterly dividend of $0.21. The ex-dividend date was Friday, October 25th. CSW Industrials's payout ratio is presently 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.