Park Avenue Securities LLC Has $870,000 Position in CSW Industrials, Inc. (NASDAQ:CSWI)

Park Avenue Securities LLC lifted its stake in CSW Industrials, Inc. (NASDAQ:CSWI) by 2.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,466 shares of the basic materials company’s stock after buying an additional 58 shares during the period. Park Avenue Securities LLC’s holdings in CSW Industrials were worth $870,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in CSWI. State Street Corp raised its holdings in CSW Industrials by 71.7% during the 3rd quarter. State Street Corp now owns 612,696 shares of the basic materials company’s stock worth $224,486,000 after purchasing an additional 255,849 shares during the last quarter. Conestoga Capital Advisors LLC increased its stake in shares of CSW Industrials by 1.7% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 577,037 shares of the basic materials company’s stock valued at $211,420,000 after acquiring an additional 9,781 shares during the last quarter. Geode Capital Management LLC boosted its stake in 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 acquiring an additional 26,728 shares during the last quarter. Congress Asset Management Co. grew its holdings in CSW Industrials by 3.8% during the third quarter. Congress Asset Management Co. now owns 203,651 shares of the basic materials company’s stock valued at $74,616,000 after purchasing an additional 7,405 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in CSW Industrials by 13.2% in 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 in the last quarter. 82.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CSWI has been the topic of a number of recent analyst reports. Wells Fargo & Company reduced their price target 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. Citigroup cut their price objective on shares of CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. StockNews.com upgraded CSW Industrials from a “hold” rating to a “buy” rating in a report on Friday, December 6th. Finally, The Goldman Sachs Group lowered their target price on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $404.67.

Insider Activity

In other news, CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $404.79, for a total transaction of $404,790.00. Following the completion of the transaction, the chief executive officer now directly owns 50,698 shares in the company, valued at approximately $20,522,043.42. This represents a 1.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Don Sullivan sold 1,965 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $387.15, for a total value of $760,749.75. Following the completion of the transaction, the executive vice president now directly owns 30,804 shares of the company’s stock, valued at approximately $11,925,768.60. The trade was a 6.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,903 shares of company stock worth $3,777,538. Insiders own 1.40% of the company’s stock.

CSW Industrials Price Performance

CSW Industrials stock opened at $396.86 on Wednesday. The firm has a market cap of $6.68 billion, a PE ratio of 53.92 and a beta of 0.85. The stock’s fifty day moving average price is $387.83 and its two-hundred day moving average price is $354.40. CSW Industrials, Inc. has a one year low of $203.83 and a one year high of $436.50.

CSW Industrials Dividend Announcement

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