Huntington National Bank decreased its stake in CSW Industrials, Inc. (NASDAQ:CSWI – Free Report) by 8.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 331 shares of the basic materials company’s stock after selling 29 shares during the period. Huntington National Bank’s holdings in CSW Industrials were worth $121,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in CSWI. GAMMA Investing LLC increased its holdings in 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 in the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of CSW Industrials in the 3rd quarter worth approximately $30,000. Contravisory Investment Management Inc. increased its stake in CSW Industrials by 48.1% in 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 in the last quarter. Nisa Investment Advisors LLC raised its holdings in CSW Industrials by 508.8% during the third 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 during the last quarter. Finally, Covestor Ltd boosted its position in CSW Industrials by 17.4% during 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 in the last quarter. Hedge funds and other institutional investors own 82.79% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts have recently weighed in on the company. StockNews.com cut CSW Industrials from a “buy” rating to a “hold” rating in a research report on Thursday. Citigroup upgraded shares of CSW Industrials to a “hold” rating in a report on Wednesday, November 13th.
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 shares were 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 approximately $20,334,891.32. The trade was a 1.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 3,000 shares of company stock valued at $1,139,500 over the last quarter. Insiders own 1.40% of the company’s stock.
CSW Industrials Stock Performance
CSWI stock opened at $403.98 on Monday. The stock’s 50 day moving average price is $372.75 and its 200 day moving average price is $312.06. The firm has a market cap of $6.79 billion, a P/E ratio of 54.89, a PEG ratio of 3.24 and a beta of 0.78. CSW Industrials, Inc. has a 1 year low of $167.81 and a 1 year high of $428.46.
CSW Industrials Increases Dividend
The business 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 an increase from CSW Industrials’s previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a dividend yield of 0.24%. The ex-dividend date was Friday, October 25th. CSW Industrials’s dividend payout ratio is currently 13.04%.
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.
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