MGB Wealth Management LLC Invests $485,000 in CSW Industrials, Inc. (NASDAQ:CSWI)

MGB Wealth Management LLC purchased a new position in CSW Industrials, Inc. (NASDAQ:CSWI) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,325 shares of the basic materials company’s stock, valued at approximately $485,000.

A number of other hedge funds have also modified their holdings of CSWI. SG Americas Securities LLC acquired a new position in shares of CSW Industrials in the first quarter worth $148,000. Russell Investments Group Ltd. increased its stake in shares of CSW Industrials by 20,750.0% in the first quarter. Russell Investments Group Ltd. now owns 834 shares of the basic materials company’s stock worth $196,000 after acquiring an additional 830 shares during the last quarter. Vanguard Group Inc. increased its position in 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. CANADA LIFE ASSURANCE Co increased its position in 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. Finally, Tidal Investments LLC increased its position in CSW Industrials by 15.0% during the first quarter. Tidal Investments LLC now owns 1,402 shares of the basic materials company’s stock worth $329,000 after buying an additional 183 shares during the last quarter. 82.79% of the stock is owned by institutional investors and hedge funds.

CSW Industrials Price Performance

CSWI stock opened at $426.66 on Friday. CSW Industrials, Inc. has a 52-week low of $172.97 and a 52-week high of $428.46. The company has a 50-day moving average of $382.05 and a two-hundred day moving average of $317.58. The stock has a market capitalization of $7.18 billion, a price-to-earnings ratio of 57.97, a price-to-earnings-growth ratio of 3.33 and a beta of 0.78.

CSW Industrials Increases Dividend

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

Insider Buying and Selling at CSW Industrials

In related news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $393.34, for a total value of $393,340.00. Following the completion of the sale, the chief executive officer now owns 51,698 shares in the company, valued at approximately $20,334,891.32. This trade represents a 1.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 3,000 shares of company stock worth $1,139,500 over the last ninety days. Company insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on CSWI. StockNews.com downgraded shares of CSW Industrials from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Citigroup raised shares of CSW Industrials to a “hold” rating in a research report on Wednesday, November 13th.

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.