640 Shares in CSW Industrials, Inc. (NASDAQ:CSWI) Bought by Marco Investment Management LLC

Marco Investment Management LLC acquired a new stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI) during the 3rd quarter, HoldingsChannel reports. The fund acquired 640 shares of the basic materials company’s stock, valued at approximately $234,000.

Several other institutional investors have also modified their holdings of CSWI. MGB Wealth Management LLC purchased a new position in shares of CSW Industrials in the third quarter valued at approximately $485,000. Algert Global LLC raised its stake in CSW Industrials by 43.5% in the 3rd quarter. Algert Global LLC now owns 2,244 shares of the basic materials company’s stock valued at $822,000 after purchasing an additional 680 shares during the last quarter. Citigroup Inc. lifted its holdings in CSW Industrials by 367.6% in the 3rd quarter. Citigroup Inc. now owns 20,816 shares of the basic materials company’s stock valued at $7,627,000 after purchasing an additional 16,364 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in CSW Industrials by 13.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 168,369 shares of the basic materials company’s stock valued at $61,689,000 after purchasing an additional 19,659 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in CSW Industrials during the 3rd quarter worth $1,732,000. Institutional investors and hedge funds own 82.79% of the company’s stock.

Insider Buying and Selling

In related news, CEO Joseph B. Armes sold 1,000 shares of the company’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 in the company, valued at approximately $20,334,891.32. This represents a 1.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last ninety days, insiders sold 3,000 shares of company stock worth $1,139,500. Insiders own 1.40% of the company’s stock.

CSW Industrials Stock Performance

NASDAQ CSWI opened at $426.66 on Monday. The stock’s fifty day moving average is $382.05 and its two-hundred day moving average is $318.05. The firm has a market capitalization of $7.18 billion, a P/E ratio of 57.97, a price-to-earnings-growth ratio of 3.33 and a beta of 0.78. CSW Industrials, Inc. has a fifty-two week low of $172.97 and a fifty-two week high of $428.46.

CSW Industrials Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, October 25th were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, October 25th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.23%. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.21. CSW Industrials’s dividend payout ratio is currently 13.04%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on CSWI shares. StockNews.com cut shares of CSW Industrials from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Citigroup raised shares of CSW Industrials to a “hold” rating in a research note on Wednesday, November 13th.

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.