Harvest Fund Management Co. Ltd Acquires New Holdings in CSW Industrials, Inc. (NASDAQ:CSWI)

Harvest Fund Management Co. Ltd bought a new position in CSW Industrials, Inc. (NASDAQ:CSWI) in the third quarter, according to the company in its most recent disclosure with the SEC. The fund bought 684 shares of the basic materials company’s stock, valued at approximately $251,000.

Other hedge funds have also added to or reduced their stakes in the company. Hsbc Holdings PLC grew its holdings in shares of CSW Industrials by 2.0% in the second quarter. Hsbc Holdings PLC now owns 1,743 shares of the basic materials company’s stock worth $461,000 after acquiring an additional 34 shares during the period. Xponance Inc. grew its stake in shares of CSW Industrials by 3.7% during the 2nd quarter. Xponance Inc. now owns 976 shares of the basic materials company’s stock valued at $259,000 after purchasing an additional 35 shares during the period. GAMMA Investing LLC increased its position in shares of CSW Industrials by 105.9% during the 3rd quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 36 shares during the last quarter. Contravisory Investment Management Inc. lifted its stake 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 worth $31,000 after purchasing an additional 38 shares during the period. Finally, Covestor Ltd boosted its holdings in shares of CSW Industrials by 17.4% in the third quarter. Covestor Ltd now owns 263 shares of the basic materials company’s stock worth $96,000 after buying an additional 39 shares during the last quarter. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

CSW Industrials Stock Performance

Shares of NASDAQ:CSWI opened at $423.58 on Wednesday. The firm has a fifty day moving average price of $383.89 and a 200 day moving average price of $319.85. CSW Industrials, Inc. has a fifty-two week low of $172.97 and a fifty-two week high of $436.50. The firm has a market cap of $7.12 billion, a price-to-earnings ratio of 57.55, a P/E/G ratio of 3.42 and a beta of 0.78.

CSW Industrials Increases Dividend

The company also recently announced 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 is an increase 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 currently 13.04%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CSWI shares. Wells Fargo & Company initiated coverage on shares of CSW Industrials in a research report on Monday. They set an “equal weight” rating and a $425.00 price objective for the company. StockNews.com downgraded shares of CSW Industrials from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Finally, Citigroup upgraded shares of CSW Industrials to a “hold” rating in a research report on Wednesday, November 13th.

Insider Activity at CSW Industrials

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the 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 owns 50,698 shares in the company, valued at $20,522,043.42. This trade represents a 1.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders sold 3,000 shares of company stock valued at $1,139,500. 1.40% of the stock is owned by corporate insiders.

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.