Stifel Financial Corp Purchases 1,093 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

Stifel Financial Corp boosted its holdings in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 14.7% during the third quarter, Holdings Channel reports. The firm owned 8,505 shares of the basic materials company’s stock after acquiring an additional 1,093 shares during the quarter. Stifel Financial Corp’s holdings in CSW Industrials were worth $3,116,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of CSWI. Millburn Ridgefield Corp purchased a new position in shares of CSW Industrials during the third quarter valued at approximately $410,000. Morse Asset Management Inc boosted its holdings in CSW Industrials by 2.3% in the third quarter. Morse Asset Management Inc now owns 1,621 shares of the basic materials company’s stock valued at $594,000 after acquiring an additional 36 shares in the last quarter. HighTower Advisors LLC increased its position in CSW Industrials by 1.4% during the 3rd quarter. HighTower Advisors LLC now owns 3,524 shares of the basic materials company’s stock valued at $1,279,000 after purchasing an additional 47 shares during the period. Erste Asset Management GmbH bought a new position in CSW Industrials in the 3rd quarter worth $651,000. Finally, Fred Alger Management LLC lifted its position in shares of CSW Industrials by 109.4% in the 3rd quarter. Fred Alger Management LLC now owns 27,954 shares of the basic materials company’s stock worth $10,242,000 after purchasing an additional 14,607 shares during the period. Institutional investors own 82.79% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on CSWI. StockNews.com upgraded shares of CSW Industrials from a “hold” rating to a “buy” rating in a research report on Friday, December 6th. Wells Fargo & Company reduced their target price on CSW Industrials from $425.00 to $410.00 and set an “equal weight” rating on the stock in a report on Tuesday. The Goldman Sachs Group began coverage on CSW Industrials in a research note on Friday, December 6th. They issued a “neutral” rating and a $450.00 target price for the company. Finally, Citigroup raised CSW Industrials to a “hold” rating in a research note on Wednesday, November 13th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $430.00.

Insiders Place Their Bets

In other CSW Industrials news, SVP Luke Alverson sold 1,416 shares of CSW Industrials stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $387.15, for a total value of $548,204.40. Following the completion of the transaction, the senior vice president now directly owns 17,156 shares of the company’s stock, valued at approximately $6,641,945.40. The trade was a 7.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Don Sullivan sold 1,965 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $387.15, for a total transaction of $760,749.75. Following the sale, the executive vice president now owns 30,804 shares in the company, valued at approximately $11,925,768.60. The trade was a 6.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,381 shares of company stock valued at $2,496,864. 1.40% of the stock is currently owned by corporate insiders.

CSW Industrials Stock Performance

Shares of NASDAQ CSWI opened at $379.74 on Wednesday. The company has a 50 day simple moving average of $397.24 and a two-hundred day simple moving average of $336.52. CSW Industrials, Inc. has a fifty-two week low of $199.20 and a fifty-two week high of $436.50. The company has a market capitalization of $6.39 billion, a price-to-earnings ratio of 51.63 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. Shareholders 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. The ex-dividend date was Friday, October 25th. This represents a $0.96 dividend on an annualized basis and a yield of 0.25%. CSW Industrials’s payout ratio 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.