Crossmark Global Holdings Inc. Purchases Shares of 953 CSW Industrials, Inc. (NASDAQ:CSWI)

Crossmark Global Holdings Inc. acquired a new position in CSW Industrials, Inc. (NASDAQ:CSWI) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 953 shares of the basic materials company’s stock, valued at approximately $349,000.

A number of other institutional investors also recently made changes to their positions in the business. GAMMA Investing LLC raised its position in CSW Industrials by 105.9% in the 3rd quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 36 shares during the period. V Square Quantitative Management LLC purchased a new position in shares of CSW Industrials in the third quarter worth about $30,000. Contravisory Investment Management Inc. increased its holdings in shares of CSW Industrials by 48.1% in the second quarter. Contravisory Investment Management Inc. now owns 117 shares of the basic materials company’s stock worth $31,000 after buying an additional 38 shares during the period. Nisa Investment Advisors LLC lifted its stake 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 valued at $76,000 after acquiring an additional 173 shares during the last quarter. Finally, Covestor Ltd boosted its holdings in CSW Industrials by 17.4% during the 3rd quarter. Covestor Ltd now owns 263 shares of the basic materials company’s stock valued at $96,000 after acquiring an additional 39 shares during the period. Hedge funds and other institutional investors own 82.79% of the company’s stock.

CSW Industrials Price Performance

NASDAQ CSWI opened at $403.98 on Monday. CSW Industrials, Inc. has a 1 year low of $167.81 and a 1 year high of $428.46. The stock has a market capitalization of $6.79 billion, a PE ratio of 54.89, a PEG ratio of 3.24 and a beta of 0.78. The business’s 50-day moving average is $372.75 and its 200 day moving average is $312.06.

CSW Industrials Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, October 25th were given a $0.24 dividend. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.21. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date was Friday, October 25th. CSW Industrials’s dividend payout ratio (DPR) is currently 13.04%.

Insider Activity

In other news, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $404.79, for a total value of $404,790.00. Following the completion of the sale, the chief executive officer now directly owns 50,698 shares of the company’s stock, valued at approximately $20,522,043.42. This trade represents a 1.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last three months, insiders have sold 3,000 shares of company stock valued at $1,139,500. Company insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on CSWI shares. Citigroup upgraded CSW Industrials to a “hold” rating in a research report on Wednesday, November 13th. StockNews.com downgraded shares of CSW Industrials from a “buy” rating to a “hold” rating in a research note on Thursday.

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.