Janney Montgomery Scott LLC Buys 128 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

Janney Montgomery Scott LLC raised its position in CSW Industrials, Inc. (NASDAQ:CSWI) by 5.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,588 shares of the basic materials company’s stock after buying an additional 128 shares during the quarter. Janney Montgomery Scott LLC’s holdings in CSW Industrials were worth $948,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC raised its position in shares of CSW Industrials by 16.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 328 shares of the basic materials company’s stock valued at $120,000 after buying an additional 46 shares in the last quarter. Conestoga Capital Advisors LLC increased its stake in shares of CSW Industrials by 1.7% in the third quarter. Conestoga Capital Advisors LLC now owns 577,037 shares of the basic materials company’s stock valued at $211,420,000 after buying an additional 9,781 shares during the period. Congress Asset Management Co. raised its holdings in CSW Industrials by 3.8% in the 3rd 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 during the last quarter. New York State Teachers Retirement System acquired a new stake in CSW Industrials during the 3rd quarter worth approximately $1,429,000. Finally, Andina Capital Management LLC grew its holdings in CSW Industrials by 3.5% during the 3rd quarter. Andina Capital Management LLC now owns 1,559 shares of the basic materials company’s stock worth $571,000 after acquiring an additional 53 shares during the last quarter. 82.79% of the stock is currently owned by institutional investors and hedge funds.

CSW Industrials Stock Performance

Shares of NASDAQ CSWI opened at $403.98 on Friday. The company’s 50 day moving average price is $372.75 and its 200-day moving average price is $311.54. CSW Industrials, Inc. has a 52-week low of $167.81 and a 52-week high of $428.46. The company has a market capitalization of $6.79 billion, a P/E ratio of 54.89, a price-to-earnings-growth ratio of 3.32 and a beta of 0.78.

CSW Industrials Increases Dividend

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

Insider Buying and Selling at CSW Industrials

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the business’s stock in a transaction that occurred on 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 directly 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders have sold 3,000 shares of company stock valued at $1,139,500. 1.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

CSWI has been the topic of a number of recent research reports. Citigroup upgraded shares of CSW Industrials to a “hold” rating in a report on Wednesday. StockNews.com cut CSW Industrials from a “buy” rating to a “hold” rating in a research note on Thursday.

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.