National Bank of Canada FI Buys Shares of 76 CSW Industrials, Inc. (NASDAQ:CSWI)

National Bank of Canada FI purchased a new position in shares of CSW Industrials, Inc. (NASDAQ:CSWI) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 76 shares of the basic materials company’s stock, valued at approximately $28,000.

A number of other large investors have also modified their holdings of the company. Mutual of America Capital Management LLC bought a new stake in CSW Industrials during the 3rd quarter valued at $916,000. Charles Schwab Investment Management Inc. lifted its holdings in CSW Industrials by 13.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 168,369 shares of the basic materials company’s stock worth $61,689,000 after purchasing an additional 19,659 shares during the period. Thrivent Financial for Lutherans lifted its holdings in CSW Industrials by 40.3% in the third quarter. Thrivent Financial for Lutherans now owns 28,423 shares of the basic materials company’s stock worth $10,414,000 after purchasing an additional 8,161 shares during the period. The Manufacturers Life Insurance Company grew its position in CSW Industrials by 8.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 9,503 shares of the basic materials company’s stock valued at $3,482,000 after buying an additional 744 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its stake in CSW Industrials by 49.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 11,376 shares of the basic materials company’s stock valued at $3,018,000 after buying an additional 3,769 shares during the period. Institutional investors and hedge funds own 82.79% of the company’s stock.

CSW Industrials Stock Performance

Shares of NASDAQ:CSWI opened at $360.81 on Thursday. The stock has a market capitalization of $6.07 billion, a price-to-earnings ratio of 49.02 and a beta of 0.81. CSW Industrials, Inc. has a 1-year low of $200.50 and a 1-year high of $436.50. The company has a 50 day moving average price of $397.42 and a 200 day moving average price of $337.40.

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 paid a dividend of $0.24 per share. The ex-dividend date was Friday, October 25th. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a dividend yield of 0.27%. CSW Industrials’s dividend payout ratio (DPR) is currently 13.04%.

Insider Buying and Selling

In related news, SVP Luke Alverson sold 1,416 shares of CSW Industrials stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $387.15, for a total value of $548,204.40. Following the transaction, the senior vice president now owns 17,156 shares of the company’s stock, valued at approximately $6,641,945.40. This trade represents a 7.62 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $404.79, for a total transaction of $404,790.00. Following the sale, the chief executive officer now directly owns 50,698 shares of the company’s stock, valued at $20,522,043.42. This represents a 1.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,381 shares of company stock worth $2,496,864 in the last three months. 1.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group began coverage on shares of CSW Industrials in a report on Friday, December 6th. They issued a “neutral” rating and a $450.00 price objective for the company. Wells Fargo & Company decreased their price target on CSW Industrials from $425.00 to $410.00 and set an “equal weight” rating for the company in a research note on Tuesday. StockNews.com raised CSW Industrials from a “hold” rating to a “buy” rating in a research note on Friday, December 6th. Finally, Citigroup upgraded CSW Industrials to a “hold” rating in a report on Wednesday, November 13th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, CSW Industrials has an average rating of “Hold” and a consensus price target of $430.00.

About CSW Industrials

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.