Covestor Ltd Has $96,000 Stock Holdings in CSW Industrials, Inc. (NASDAQ:CSWI)

Covestor Ltd increased its position in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 17.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 263 shares of the basic materials company’s stock after purchasing an additional 39 shares during the quarter. Covestor Ltd’s holdings in CSW Industrials were worth $96,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake 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 during the last quarter. Conestoga Capital Advisors LLC raised its position in CSW Industrials by 1.7% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 577,037 shares of the basic materials company’s stock valued at $211,420,000 after purchasing an additional 9,781 shares during the last quarter. Capital World Investors boosted its stake in CSW Industrials by 956.8% in the first quarter. Capital World Investors now owns 376,573 shares of the basic materials company’s stock worth $88,344,000 after purchasing an additional 340,939 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC bought a new stake in shares of CSW Industrials during the second quarter worth $65,595,000. Finally, Congress Asset Management Co. increased its stake in shares of CSW Industrials by 3.8% in the third quarter. Congress Asset Management Co. now owns 203,651 shares of the basic materials company’s stock valued at $74,616,000 after buying an additional 7,405 shares in the last quarter. 82.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of CSW Industrials from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th.

CSW Industrials Price Performance

CSWI opened at $418.07 on Wednesday. The stock has a market capitalization of $7.03 billion, a P/E ratio of 56.80, a price-to-earnings-growth ratio of 3.37 and a beta of 0.78. The company’s 50 day simple moving average is $364.05 and its 200-day simple moving average is $307.72. CSW Industrials, Inc. has a one year low of $167.77 and a one year high of $427.81.

CSW Industrials Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, October 25th were paid a $0.24 dividend. This is a boost from CSW Industrials’s previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a dividend yield of 0.23%. The ex-dividend date was Friday, October 25th. CSW Industrials’s dividend payout ratio (DPR) is 13.04%.

Insider Activity

In related news, CEO Joseph B. Armes sold 1,000 shares of the firm’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 transaction, the chief executive officer now owns 51,698 shares in the company, valued at $20,334,891.32. This trade 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 is available at the SEC website. Insiders own 1.40% of the company’s stock.

CSW Industrials 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.