CSW Industrials, Inc. (NASDAQ:CSWI) Shares Purchased by Raymond James & Associates

Raymond James & Associates increased its stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 125.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,285 shares of the basic materials company’s stock after purchasing an additional 1,825 shares during the period. Raymond James & Associates’ holdings in CSW Industrials were worth $546,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Point72 Hong Kong Ltd acquired a new position in shares of CSW Industrials during the 2nd quarter worth about $34,000. Hanson & Doremus Investment Management acquired a new position in shares of CSW Industrials during the 2nd quarter worth about $65,000. Tower Research Capital LLC TRC raised its position in shares of CSW Industrials by 358.0% during the 1st quarter. Tower Research Capital LLC TRC now owns 458 shares of the basic materials company’s stock worth $64,000 after purchasing an additional 358 shares during the last quarter. Ensign Peak Advisors Inc acquired a new position in shares of CSW Industrials during the 3rd quarter worth about $89,000. Finally, Royal Bank of Canada raised its position in shares of CSW Industrials by 11.0% during the 3rd quarter. Royal Bank of Canada now owns 927 shares of the basic materials company’s stock worth $111,000 after purchasing an additional 92 shares during the last quarter. Institutional investors and hedge funds own 80.54% of the company’s stock.

Insider Buying and Selling at CSW Industrials

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $178.38, for a total value of $178,380.00. Following the completion of the sale, the chief executive officer now owns 51,431 shares in the company, valued at approximately $9,174,261.78. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders sold 3,000 shares of company stock worth $540,390. Insiders own 1.30% of the company’s stock.

CSW Industrials Stock Up 1.5 %

CSWI stock opened at $172.20 on Wednesday. The company has a market cap of $2.68 billion, a price-to-earnings ratio of 25.89, a PEG ratio of 1.53 and a beta of 0.77. The company has a current ratio of 2.83, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29. CSW Industrials, Inc. has a 12 month low of $111.70 and a 12 month high of $190.63. The firm has a 50-day moving average of $177.02 and a two-hundred day moving average of $165.96.

CSW Industrials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 10th. Shareholders of record on Friday, October 27th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Thursday, October 26th. This represents a $0.76 dividend on an annualized basis and a yield of 0.44%. CSW Industrials’s payout ratio is 11.43%.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of CSW Industrials in a report on Thursday, October 5th. They issued a “buy” rating for the company.

CSW Industrials 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.