2,501 Shares in CSW Industrials, Inc. (NASDAQ:CSWI) Acquired by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC bought a new stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 2,501 shares of the basic materials company’s stock, valued at approximately $916,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CSWI. Russell Investments Group Ltd. increased its stake in shares of CSW Industrials by 20,750.0% in the first quarter. Russell Investments Group Ltd. now owns 834 shares of the basic materials company’s stock worth $196,000 after buying an additional 830 shares during the period. Vanguard Group Inc. raised its stake in shares of CSW Industrials by 39.1% during the first quarter. Vanguard Group Inc. now owns 1,213,748 shares of the basic materials company’s stock valued at $284,745,000 after acquiring an additional 340,904 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in shares of CSW Industrials by 272.4% during the first quarter. CANADA LIFE ASSURANCE Co now owns 7,344 shares of the basic materials company’s stock worth $1,720,000 after purchasing an additional 5,372 shares during the period. Tidal Investments LLC grew its stake in shares of CSW Industrials by 15.0% in the first quarter. Tidal Investments LLC now owns 1,402 shares of the basic materials company’s stock worth $329,000 after purchasing an additional 183 shares during the last quarter. Finally, Comerica Bank grew its stake in shares of CSW Industrials by 41.0% in the first quarter. Comerica Bank now owns 42,034 shares of the basic materials company’s stock worth $9,861,000 after purchasing an additional 12,226 shares during the last quarter. Hedge funds and other institutional investors own 82.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company initiated coverage on shares of CSW Industrials in a research note on Monday. They set an “equal weight” rating and a $425.00 target price on the stock. Citigroup raised CSW Industrials to a “hold” rating in a research report on Wednesday, November 13th. Finally, StockNews.com lowered CSW Industrials from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th.

Insider Buying and Selling

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

CSW Industrials Stock Performance

NASDAQ CSWI opened at $423.58 on Wednesday. The business’s fifty day moving average is $383.89 and its 200 day moving average is $319.85. CSW Industrials, Inc. has a fifty-two week low of $172.97 and a fifty-two week high of $436.50. The company has a market capitalization of $7.12 billion, a PE ratio of 57.55, a price-to-earnings-growth ratio of 3.42 and a beta of 0.78.

CSW Industrials Increases Dividend

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

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.