Charles Schwab Investment Management Inc. Boosts Holdings in CSW Industrials, Inc. (NASDAQ:CSWI)

Charles Schwab Investment Management Inc. grew its stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 13.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 168,369 shares of the basic materials company’s stock after acquiring an additional 19,659 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.00% of CSW Industrials worth $61,689,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its stake in shares of CSW Industrials by 105.9% in the 3rd quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 36 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in CSW Industrials during the 3rd quarter worth $30,000. Contravisory Investment Management Inc. increased its holdings 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. Peterson Financial Group Inc. purchased a new position in CSW Industrials in the third quarter valued at about $72,000. Finally, Nisa Investment Advisors LLC lifted its position in CSW Industrials by 508.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 207 shares of the basic materials company’s stock worth $76,000 after acquiring an additional 173 shares in the last quarter. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

CSW Industrials Stock Up 1.2 %

Shares of CSW Industrials stock opened at $422.39 on Friday. The business has a 50-day moving average price of $389.23 and a 200 day moving average price of $323.68. CSW Industrials, Inc. has a fifty-two week low of $176.56 and a fifty-two week high of $436.50. The firm has a market cap of $7.10 billion, a P/E ratio of 57.39, a P/E/G ratio of 3.38 and a beta of 0.78.

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 paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, October 25th. This is a boost from CSW Industrials’s previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a yield of 0.23%. CSW Industrials’s dividend payout ratio (DPR) is 13.04%.

Insider Activity

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $404.79, for a total value of $404,790.00. Following the transaction, the chief executive officer now owns 50,698 shares of the company’s stock, valued at $20,522,043.42. This trade represents a 1.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In the last three months, insiders sold 3,000 shares of company stock valued at $1,139,500. Company insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

CSWI has been the subject of a number of recent analyst reports. Citigroup raised shares of CSW Industrials to a “hold” rating in a report on Wednesday, November 13th. StockNews.com upgraded CSW Industrials from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Wells Fargo & Company initiated coverage on CSW Industrials in a report on Monday, November 25th. They set an “equal weight” rating and a $425.00 price objective on the stock.

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.