Public Sector Pension Investment Board Takes $12.93 Million Position in CSW Industrials, Inc. (NASDAQ:CSWI)

Public Sector Pension Investment Board acquired a new stake in CSW Industrials, Inc. (NASDAQ:CSWI) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 35,300 shares of the basic materials company’s stock, valued at approximately $12,934,000. Public Sector Pension Investment Board owned approximately 0.21% of CSW Industrials at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CSWI. GAMMA Investing LLC grew its holdings 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 acquiring an additional 36 shares in the last quarter. V Square Quantitative Management LLC bought a new position in shares of CSW Industrials in the 3rd quarter valued at about $30,000. Contravisory Investment Management Inc. grew its holdings in shares of 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 acquiring an additional 38 shares in the last quarter. Peterson Financial Group Inc. bought a new position in shares of CSW Industrials in the 3rd quarter valued at about $72,000. Finally, Nisa Investment Advisors LLC grew its holdings in shares of CSW Industrials by 508.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 207 shares of the basic materials company’s stock valued at $76,000 after acquiring an additional 173 shares in the last quarter. Institutional investors own 82.79% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on CSWI. Wells Fargo & Company began coverage on shares of CSW Industrials in a research note on Monday. They issued an “equal weight” rating and a $425.00 target price for the company. StockNews.com upgraded shares of CSW Industrials from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Citigroup upgraded shares of CSW Industrials to a “hold” rating in a research note on Wednesday, November 13th.

CSW Industrials Stock Down 1.5 %

Shares of CSWI stock opened at $417.23 on Friday. The firm has a 50 day moving average price of $387.95 and a two-hundred day moving average price of $322.42. The company has a market capitalization of $7.02 billion, a PE ratio of 56.69, a price-to-earnings-growth ratio of 3.46 and a beta of 0.78. CSW Industrials, Inc. has a 12-month low of $172.97 and a 12-month high of $436.50.

CSW Industrials Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 25th were given a dividend of $0.24 per share. The ex-dividend date was Friday, October 25th. This is an increase 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%.

Insiders Place Their Bets

In other news, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction that occurred 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 directly owns 51,698 shares in the company, valued at approximately $20,334,891.32. The trade was a 1.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 3,000 shares of company stock worth $1,139,500 over the last three months. Insiders own 1.40% of the company’s 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.