Public Sector Pension Investment Board Makes New Investment in CSW Industrials, Inc. (NASDAQ:CSWI)

Public Sector Pension Investment Board bought a new position in shares of CSW Industrials, Inc. (NASDAQ:CSWI) during the third quarter, HoldingsChannel reports. The fund bought 35,300 shares of the basic materials company’s stock, valued at approximately $12,934,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CANADA LIFE ASSURANCE Co grew its stake in shares of CSW Industrials by 272.4% during the first quarter. CANADA LIFE ASSURANCE Co now owns 7,344 shares of the basic materials company’s stock worth $1,720,000 after buying an additional 5,372 shares during the last quarter. Mutual of America Capital Management LLC bought a new stake in shares of CSW Industrials in the third quarter worth $916,000. Thrivent Financial for Lutherans lifted its holdings in CSW Industrials by 40.3% in the third quarter. Thrivent Financial for Lutherans now owns 28,423 shares of the basic materials company’s stock valued at $10,414,000 after buying an additional 8,161 shares during the period. Daymark Wealth Partners LLC acquired a new position in CSW Industrials in the second quarter valued at $478,000. Finally, Oppenheimer Asset Management Inc. raised its holdings in shares of CSW Industrials by 49.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 11,376 shares of the basic materials company’s stock valued at $3,018,000 after purchasing an additional 3,769 shares during the period. Institutional investors own 82.79% of the company’s stock.

Insider Activity at CSW Industrials

In related news, CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $393.34, for a total transaction of $393,340.00. Following the sale, the chief executive officer now directly owns 51,698 shares in the company, valued at approximately $20,334,891.32. This represents a 1.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders have sold 3,000 shares of company stock worth $1,139,500. 1.40% of the stock is owned by corporate insiders.

CSW Industrials Trading Down 1.5 %

Shares of CSWI stock opened at $417.23 on Friday. The stock has a market capitalization of $7.02 billion, a P/E ratio of 56.69, a PEG ratio of 3.46 and a beta of 0.78. The firm’s 50 day moving average is $387.95 and its 200 day moving average is $322.42. CSW Industrials, Inc. has a 12 month low of $172.97 and a 12 month high of $436.50.

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%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Citigroup raised shares of CSW Industrials to a “hold” rating in a research report on Wednesday, November 13th. StockNews.com raised shares of CSW Industrials from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Wells Fargo & Company assumed coverage on shares of CSW Industrials in a research report on Monday. They issued an “equal weight” rating and a $425.00 price objective for the company.

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.