Captrust Financial Advisors Grows Stock Holdings in CSW Industrials, Inc. (NASDAQ:CSWI)

Captrust Financial Advisors boosted its holdings in CSW Industrials, Inc. (NASDAQ:CSWI) by 11.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 1,097 shares of the basic materials company’s stock after purchasing an additional 113 shares during the quarter. Captrust Financial Advisors’ holdings in CSW Industrials were worth $402,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CSWI. Hsbc Holdings PLC grew its position in shares of CSW Industrials by 2.0% during the second quarter. Hsbc Holdings PLC now owns 1,743 shares of the basic materials company’s stock worth $461,000 after purchasing an additional 34 shares in the last quarter. Xponance Inc. grew its holdings in 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 buying an additional 35 shares in the last quarter. GAMMA Investing LLC raised its position 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 buying an additional 36 shares during the last quarter. Covestor Ltd lifted 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 in the last quarter. Finally, Azzad Asset Management Inc. ADV boosted its position in shares of CSW Industrials by 1.0% during 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 acquiring an additional 40 shares during the last quarter. 82.79% of the stock is owned by institutional investors.

Insider Transactions at CSW Industrials

In related news, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $341.37, for a total transaction of $341,370.00. Following the completion of the transaction, the chief executive officer now directly owns 51,579 shares of the company’s stock, valued at approximately $17,607,523.23. The trade was a 1.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders sold 3,000 shares of company stock worth $1,139,500. 1.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have commented on CSWI shares. The Goldman Sachs Group initiated coverage on shares of CSW Industrials in a research note on Friday, December 6th. They issued a “neutral” rating and a $450.00 price target on the stock. Citigroup upgraded CSW Industrials to a “hold” rating in a research report on Wednesday, November 13th. Wells Fargo & Company started coverage on CSW Industrials in a research note on Monday, November 25th. They set an “equal weight” rating and a $425.00 price target for the company. Finally, StockNews.com raised CSW Industrials from a “hold” rating to a “buy” rating in a research note on Friday, December 6th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $437.50.

CSW Industrials Trading Down 1.0 %

Shares of NASDAQ CSWI opened at $388.68 on Friday. CSW Industrials, Inc. has a 12-month low of $197.16 and a 12-month high of $436.50. The firm’s 50-day moving average price is $396.90 and its 200-day moving average price is $334.49. The stock has a market capitalization of $6.54 billion, a price-to-earnings ratio of 52.81 and a beta of 0.81.

CSW Industrials Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, October 25th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.25%. This is a positive change 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 (DPR) is presently 13.04%.

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.