Amalgamated Bank Increases Position in CSW Industrials, Inc. (NASDAQ:CSWI)

Amalgamated Bank lifted its holdings in CSW Industrials, Inc. (NASDAQ:CSWI) by 800.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,873 shares of the basic materials company’s stock after buying an additional 4,332 shares during the quarter. Amalgamated Bank’s holdings in CSW Industrials were worth $1,785,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hsbc Holdings PLC increased its stake in CSW Industrials by 2.0% in the 2nd quarter. Hsbc Holdings PLC now owns 1,743 shares of the basic materials company’s stock worth $461,000 after buying an additional 34 shares during the period. Xponance Inc. increased its position in shares of CSW Industrials by 3.7% during the second quarter. Xponance Inc. now owns 976 shares of the basic materials company’s stock worth $259,000 after acquiring an additional 35 shares during the period. GAMMA Investing LLC raised its stake in shares of CSW Industrials by 105.9% during 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 in the last quarter. Contravisory Investment Management Inc. boosted its holdings in shares of CSW Industrials by 48.1% in the second quarter. Contravisory Investment Management Inc. now owns 117 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 38 shares during the period. Finally, Azzad Asset Management Inc. ADV grew its stake in CSW Industrials by 1.0% in the third quarter. Azzad Asset Management Inc. ADV now owns 3,876 shares of the basic materials company’s stock worth $1,420,000 after purchasing an additional 40 shares in the last quarter. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

CSW Industrials Price Performance

Shares of CSW Industrials stock opened at $418.07 on Wednesday. CSW Industrials, Inc. has a 1 year low of $167.77 and a 1 year high of $427.81. The stock has a market cap of $7.03 billion, a price-to-earnings ratio of 56.96, a PEG ratio of 3.37 and a beta of 0.78. The firm’s 50-day moving average is $364.05 and its two-hundred day moving average is $307.72.

CSW Industrials Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, October 25th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.23%. This is a positive change 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 presently 13.04%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised CSW Industrials from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th.

Insider Buying and Selling

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $393.34, for a total transaction of $393,340.00. Following the sale, the chief executive officer now owns 51,698 shares of the company’s stock, valued at approximately $20,334,891.32. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.40% of the stock is currently owned by insiders.

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.