Barclays PLC Raises Position in CSW Industrials, Inc. (NASDAQ:CSWI)

Barclays PLC boosted its holdings in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 431.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 29,272 shares of the basic materials company’s stock after buying an additional 23,761 shares during the period. Barclays PLC’s holdings in CSW Industrials were worth $10,725,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. State Street Corp boosted its position in shares of CSW Industrials by 71.7% during the 3rd quarter. State Street Corp now owns 612,696 shares of the basic materials company’s stock valued at $224,486,000 after acquiring an additional 255,849 shares during the last quarter. Conestoga Capital Advisors LLC lifted its position in CSW Industrials by 1.7% during 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 purchasing an additional 9,781 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC purchased a new position in CSW Industrials in the 2nd quarter worth approximately $65,595,000. Congress Asset Management Co. increased its holdings in shares of 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 worth $74,616,000 after buying an additional 7,405 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of CSW Industrials by 13.2% during 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 buying an additional 19,659 shares in the last quarter. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

CSW Industrials Trading Up 0.1 %

Shares of NASDAQ:CSWI opened at $389.17 on Tuesday. The stock has a market capitalization of $6.54 billion, a P/E ratio of 52.88 and a beta of 0.81. The stock’s 50-day moving average price is $396.90 and its 200-day moving average price is $335.58. CSW Industrials, Inc. has a 12-month low of $199.20 and a 12-month high of $436.50.

CSW Industrials Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, October 25th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.25%. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.21. The ex-dividend date was Friday, October 25th. CSW Industrials’s dividend payout ratio (DPR) is presently 13.04%.

Analyst Upgrades and Downgrades

CSWI has been the subject of several research reports. Citigroup upgraded shares of CSW Industrials to a “hold” rating in a research report on Wednesday, November 13th. Wells Fargo & Company assumed coverage on CSW Industrials in a research report on Monday, November 25th. They set an “equal weight” rating and a $425.00 price objective on the stock. StockNews.com upgraded CSW Industrials from a “hold” rating to a “buy” rating in a research report on Friday, December 6th. Finally, The Goldman Sachs Group initiated coverage on shares of CSW Industrials in a research report on Friday, December 6th. They set a “neutral” rating and a $450.00 price target on the stock. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, CSW Industrials presently has an average rating of “Hold” and a consensus target price of $437.50.

Insiders Place Their Bets

In other news, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were 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 approximately $20,334,891.32. This trade represents a 1.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Don Sullivan sold 1,965 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $387.15, for a total transaction of $760,749.75. Following the sale, the executive vice president now owns 30,804 shares of the company’s stock, valued at $11,925,768.60. This represents a 6.00 % 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 valued at $2,496,864 in the last ninety days. Company 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.