Mutual of America Capital Management LLC Invests $916,000 in CSW Industrials, Inc. (NASDAQ:CSWI)

Mutual of America Capital Management LLC bought a new stake in CSW Industrials, Inc. (NASDAQ:CSWI) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 2,501 shares of the basic materials company’s stock, valued at approximately $916,000.

A number of other hedge funds have also recently added to or reduced their stakes in CSWI. Russell Investments Group Ltd. raised its holdings in CSW Industrials by 20,750.0% in the 1st quarter. Russell Investments Group Ltd. now owns 834 shares of the basic materials company’s stock worth $196,000 after purchasing an additional 830 shares during the period. Vanguard Group Inc. increased its position in shares of CSW Industrials by 39.1% in the first quarter. Vanguard Group Inc. now owns 1,213,748 shares of the basic materials company’s stock valued at $284,745,000 after buying an additional 340,904 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its stake in shares of CSW Industrials by 272.4% during the 1st 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 period. Tidal Investments LLC lifted its position in shares of CSW Industrials by 15.0% during the 1st quarter. Tidal Investments LLC now owns 1,402 shares of the basic materials company’s stock valued at $329,000 after buying an additional 183 shares in the last quarter. Finally, Comerica Bank grew its stake in CSW Industrials by 41.0% in the 1st quarter. Comerica Bank now owns 42,034 shares of the basic materials company’s stock valued at $9,861,000 after acquiring an additional 12,226 shares during the period. 82.79% of the stock is owned by hedge funds and other institutional investors.

CSW Industrials Stock Down 2.0 %

Shares of NASDAQ:CSWI opened at $423.58 on Wednesday. CSW Industrials, Inc. has a fifty-two week low of $172.97 and a fifty-two week high of $436.50. The firm’s 50 day moving average price is $383.89 and its 200 day moving average price is $319.85. The stock has a market cap of $7.12 billion, a price-to-earnings ratio of 57.55, a price-to-earnings-growth ratio of 3.42 and a beta of 0.78.

CSW Industrials Increases Dividend

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

Insider Activity at CSW Industrials

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now owns 51,698 shares in the company, valued at approximately $20,334,891.32. This represents a 1.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 3,000 shares of company stock worth $1,139,500 in the last 90 days. 1.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

CSWI has been the subject of a number of research analyst reports. Citigroup raised CSW Industrials to a “hold” rating in a report on Wednesday, November 13th. Wells Fargo & Company initiated coverage on CSW Industrials in a report on Monday. They issued an “equal weight” rating and a $425.00 price objective on the stock. Finally, StockNews.com cut shares of CSW Industrials from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th.

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.