Geode Capital Management LLC Acquires 26,728 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

Geode Capital Management LLC grew its holdings in CSW Industrials, Inc. (NASDAQ:CSWI) by 7.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 388,954 shares of the basic materials company’s stock after purchasing an additional 26,728 shares during the period. Geode Capital Management LLC owned approximately 2.31% of CSW Industrials worth $142,536,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CSWI. GAMMA Investing LLC grew its position in CSW Industrials by 105.9% in the third 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 during the last quarter. National Bank of Canada FI bought a new stake in shares of CSW Industrials during the 3rd quarter valued at approximately $28,000. V Square Quantitative Management LLC acquired a new position in CSW Industrials during the 3rd quarter worth approximately $30,000. Peterson Financial Group Inc. bought a new position in CSW Industrials in the 3rd quarter valued at approximately $72,000. Finally, Nisa Investment Advisors LLC boosted its position in CSW Industrials by 508.8% in the third quarter. Nisa Investment Advisors LLC now owns 207 shares of the basic materials company’s stock valued at $76,000 after buying an additional 173 shares in the last quarter. Institutional investors and hedge funds own 82.79% of the company’s stock.

CSW Industrials Stock Up 0.1 %

NASDAQ CSWI opened at $389.17 on Tuesday. The company has a market capitalization of $6.54 billion, a price-to-earnings ratio of 52.88 and a beta of 0.81. CSW Industrials, Inc. has a twelve month low of $199.20 and a twelve month high of $436.50. The stock has a fifty day simple moving average of $396.90 and a 200 day simple moving average of $335.58.

CSW Industrials Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, October 25th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.25%. This is an increase from CSW Industrials’s previous quarterly dividend of $0.21. The ex-dividend date was Friday, October 25th. CSW Industrials’s dividend payout ratio (DPR) is 13.04%.

Insider Buying and Selling

In other news, EVP Don Sullivan sold 1,965 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $387.15, for a total value of $760,749.75. Following the sale, the executive vice president now directly owns 30,804 shares of the company’s stock, valued at approximately $11,925,768.60. This represents a 6.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Luke Alverson sold 1,416 shares of CSW Industrials stock in a transaction on Monday, December 16th. The stock was sold at an average price of $387.15, for a total transaction of $548,204.40. Following the transaction, the senior vice president now directly owns 17,156 shares of the company’s stock, valued at $6,641,945.40. This represents a 7.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,381 shares of company stock valued at $2,496,864 over the last ninety days. 1.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CSWI shares. Citigroup upgraded shares of CSW Industrials to a “hold” rating in a report on Wednesday, November 13th. The Goldman Sachs Group began coverage on CSW Industrials in a research report on Friday, December 6th. They issued a “neutral” rating and a $450.00 target price for the company. StockNews.com raised CSW Industrials from a “hold” rating to a “buy” rating in a research note on Friday, December 6th. Finally, Wells Fargo & Company assumed coverage on CSW Industrials in a research note on Monday, November 25th. They issued an “equal weight” rating and a $425.00 price objective for the company. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $437.50.

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.