BNP Paribas Financial Markets Increases Stake in CSW Industrials, Inc. (NASDAQ:CSWI)

BNP Paribas Financial Markets boosted its position in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 26.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 9,881 shares of the basic materials company’s stock after purchasing an additional 2,049 shares during the period. BNP Paribas Financial Markets’ holdings in CSW Industrials were worth $3,620,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. The Manufacturers Life Insurance Company grew its position in CSW Industrials by 8.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 9,503 shares of the basic materials company’s stock valued at $3,482,000 after purchasing an additional 744 shares during the last quarter. Loomis Sayles & Co. L P purchased a new stake in CSW Industrials during the 3rd quarter valued at about $25,589,000. Harvest Fund Management Co. Ltd purchased a new stake in CSW Industrials during the 3rd quarter valued at about $251,000. Marco Investment Management LLC purchased a new stake in CSW Industrials during the 3rd quarter valued at about $234,000. Finally, MGB Wealth Management LLC purchased a new stake in CSW Industrials during the 3rd quarter valued at about $485,000. 82.79% of the stock is owned by hedge funds and other institutional investors.

CSW Industrials Stock Down 1.0 %

Shares of NASDAQ CSWI opened at $415.20 on Thursday. The firm’s 50-day moving average price is $392.29 and its 200-day moving average price is $327.87. The company has a market cap of $6.98 billion, a PE ratio of 56.41 and a beta of 0.81. CSW Industrials, Inc. has a 52-week low of $177.06 and a 52-week high of $436.50.

CSW Industrials Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders 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 dividend yield of 0.23%. The ex-dividend date was Friday, October 25th. This is an increase from CSW Industrials’s previous quarterly dividend of $0.21. CSW Industrials’s dividend payout ratio (DPR) is presently 13.04%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Wells Fargo & Company assumed coverage on shares of CSW Industrials in a research report on Monday, November 25th. They set an “equal weight” rating and a $425.00 price objective on the stock. Citigroup raised shares of CSW Industrials to a “hold” rating in a report on Wednesday, November 13th. Finally, StockNews.com raised shares of CSW Industrials from a “hold” rating to a “buy” rating in a report on Wednesday, November 27th.

Insider Activity

In related news, CEO Joseph B. Armes sold 1,000 shares of the business’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 completion of the sale, the chief executive officer now directly owns 51,698 shares in the company, valued at approximately $20,334,891.32. The trade was a 1.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 3,000 shares of company stock valued at $1,139,500 in the last 90 days. 1.40% of the stock is currently owned by 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.