SG Americas Securities LLC Boosts Position in CSW Industrials, Inc. (NASDAQ:CSWI)

SG Americas Securities LLC raised its stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 324.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,057 shares of the basic materials company’s stock after buying an additional 2,337 shares during the quarter. SG Americas Securities LLC’s holdings in CSW Industrials were worth $1,079,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its holdings in shares of CSW Industrials by 7.4% during the 3rd quarter. Geode Capital Management LLC now owns 388,954 shares of the basic materials company’s stock worth $142,536,000 after purchasing an additional 26,728 shares during the period. Mutual of America Capital Management LLC bought a new position in CSW Industrials during the 3rd quarter worth approximately $916,000. Charles Schwab Investment Management Inc. increased its stake in CSW Industrials by 13.2% during the third 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 during the last quarter. Thrivent Financial for Lutherans lifted its holdings in CSW Industrials by 40.3% in the third quarter. Thrivent Financial for Lutherans now owns 28,423 shares of the basic materials company’s stock worth $10,414,000 after acquiring an additional 8,161 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of CSW Industrials by 8.5% during the third quarter. The Manufacturers Life Insurance Company now owns 9,503 shares of the basic materials company’s stock valued at $3,482,000 after acquiring an additional 744 shares during the period. Institutional investors and hedge funds own 82.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Citigroup decreased their price target on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating for the company in a research note on Monday, January 13th. The Goldman Sachs Group cut their target price on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. StockNews.com upgraded shares of CSW Industrials from a “hold” rating to a “buy” rating in a research report on Friday, December 6th. Finally, Wells Fargo & Company cut their price objective on shares of CSW Industrials from $425.00 to $410.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 17th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $404.67.

CSW Industrials Stock Performance

CSW Industrials stock opened at $357.51 on Wednesday. CSW Industrials, Inc. has a 52 week low of $204.50 and a 52 week high of $436.50. The business’s 50-day simple moving average is $383.27 and its 200-day simple moving average is $358.60. The firm has a market capitalization of $6.01 billion, a PE ratio of 48.57 and a beta of 0.85.

CSW Industrials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.96 annualized dividend and a dividend yield of 0.27%. CSW Industrials’s dividend payout ratio (DPR) is currently 13.04%.

Insider Buying and Selling at CSW Industrials

In other news, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $389.78, for a total transaction of $389,780.00. Following the sale, the chief executive officer now owns 49,698 shares of the company’s stock, valued at $19,371,286.44. This trade represents a 1.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert M. Swartz sold 200 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $354.65, for a total value of $70,930.00. Following the completion of the sale, the director now owns 13,719 shares in the company, valued at approximately $4,865,443.35. This trade represents a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,903 shares of company stock valued at $3,777,538. 1.40% of the stock is currently owned by company insiders.

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.