The Manufacturers Life Insurance Company Increases Stock Position in CSW Industrials, Inc. (NASDAQ:CSWI)

The Manufacturers Life Insurance Company raised its position in CSW Industrials, Inc. (NASDAQ:CSWI) by 8.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,503 shares of the basic materials company’s stock after buying an additional 744 shares during the period. The Manufacturers Life Insurance Company owned about 0.06% of CSW Industrials worth $3,482,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. GAMMA Investing LLC grew its position in shares of CSW Industrials by 105.9% during the 3rd quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 36 shares during the period. V Square Quantitative Management LLC acquired a new stake in CSW Industrials in the third quarter valued at approximately $30,000. Peterson Financial Group Inc. acquired a new stake in CSW Industrials in the third quarter valued at approximately $72,000. Nisa Investment Advisors LLC increased its holdings in CSW Industrials by 508.8% in 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. Finally, Covestor Ltd raised its position in CSW Industrials by 17.4% during the third quarter. Covestor Ltd now owns 263 shares of the basic materials company’s stock worth $96,000 after acquiring an additional 39 shares during the period. Institutional investors and hedge funds own 82.79% of the company’s stock.

Insider Activity

In related news, CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 51,698 shares in the company, valued at $20,334,891.32. This represents a 1.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders sold 3,000 shares of company stock valued at $1,139,500. 1.40% of the stock is currently owned by company insiders.

CSW Industrials Stock Up 1.4 %

Shares of NASDAQ CSWI opened at $415.77 on Friday. The stock has a market capitalization of $6.99 billion, a price-to-earnings ratio of 56.49 and a beta of 0.81. CSW Industrials, Inc. has a 52 week low of $177.06 and a 52 week high of $436.50. The firm has a 50-day simple moving average of $393.99 and a 200-day simple moving average of $330.16.

CSW Industrials Increases Dividend

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on CSWI shares. StockNews.com upgraded shares of CSW Industrials from a “hold” rating to a “buy” rating in a research report on Friday. The Goldman Sachs Group began coverage on CSW Industrials in a report on Friday. They issued a “neutral” rating and a $450.00 price objective on the stock. Citigroup raised CSW Industrials to a “hold” rating in a report on Wednesday, November 13th. Finally, Wells Fargo & Company assumed coverage on CSW Industrials in a research note on Monday, November 25th. They issued an “equal weight” rating and a $425.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $437.50.

CSW Industrials Company 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.