Private Advisor Group LLC Makes New $202,000 Investment in CSW Industrials, Inc. (NASDAQ:CSWI)

Private Advisor Group LLC bought a new position in shares of CSW Industrials, Inc. (NASDAQ:CSWI) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 552 shares of the basic materials company’s stock, valued at approximately $202,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. grew 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 worth $284,745,000 after buying an additional 340,904 shares during the last quarter. Conestoga Capital Advisors LLC grew its stake in shares of CSW Industrials by 2.7% during the second quarter. Conestoga Capital Advisors LLC now owns 567,256 shares of the basic materials company’s stock worth $150,499,000 after buying an additional 14,900 shares during the last quarter. Capital World Investors grew its stake in shares of CSW Industrials by 956.8% during the first quarter. Capital World Investors now owns 376,573 shares of the basic materials company’s stock worth $88,344,000 after buying an additional 340,939 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC bought a new stake in shares of CSW Industrials during the second quarter worth $65,595,000. Finally, Bank of New York Mellon Corp grew its stake in shares of CSW Industrials by 8.5% in the second quarter. Bank of New York Mellon Corp now owns 77,995 shares of the basic materials company’s stock worth $20,693,000 after purchasing an additional 6,137 shares during the last quarter. Institutional investors own 82.79% of the company’s stock.

CSW Industrials Price Performance

CSWI opened at $420.05 on Friday. CSW Industrials, Inc. has a fifty-two week low of $167.27 and a fifty-two week high of $422.09. The firm has a market capitalization of $7.07 billion, a PE ratio of 57.07, a P/E/G ratio of 2.92 and a beta of 0.78. The company’s 50-day moving average is $362.34 and its 200 day moving average is $305.48.

CSW Industrials Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, October 25th were paid a dividend of $0.24 per share. This is a boost from CSW Industrials’s previous quarterly dividend of $0.21. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date was Friday, October 25th. CSW Industrials’s dividend payout ratio is presently 13.04%.

Insider Activity at CSW Industrials

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the 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 sale, the chief executive officer now directly owns 51,698 shares in the company, valued at $20,334,891.32. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of CSW Industrials from a “hold” rating to a “buy” rating in a report on Tuesday.

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.