Townsquare Capital LLC Boosts Position in CSW Industrials, Inc. (NASDAQ:CSWI)

Townsquare Capital LLC grew its holdings in CSW Industrials, Inc. (NASDAQ:CSWI) by 9.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,835 shares of the basic materials company’s stock after acquiring an additional 979 shares during the period. Townsquare Capital LLC’s holdings in CSW Industrials were worth $3,970,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in CSW Industrials by 105.9% during the third quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 36 shares during the period. V Square Quantitative Management LLC purchased a new stake in CSW Industrials in the 3rd quarter worth approximately $30,000. Contravisory Investment Management Inc. grew its stake in shares of CSW Industrials by 48.1% during the 2nd quarter. Contravisory Investment Management Inc. now owns 117 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 38 shares during the period. Peterson Financial Group Inc. purchased a new position in shares of CSW Industrials during the 3rd quarter valued at approximately $72,000. Finally, Nisa Investment Advisors LLC lifted its stake in shares of CSW Industrials by 508.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 207 shares of the basic materials company’s stock valued at $76,000 after purchasing an additional 173 shares during the period. Institutional investors and hedge funds own 82.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on CSWI shares. Citigroup upgraded CSW Industrials to a “hold” rating in a research report on Wednesday, November 13th. 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 target for the company. Finally, StockNews.com upgraded CSW Industrials from a “hold” rating to a “buy” rating in a report on Wednesday.

CSW Industrials Stock Up 1.2 %

Shares of CSWI opened at $422.39 on Friday. CSW Industrials, Inc. has a 52-week low of $176.56 and a 52-week high of $436.50. The stock has a market cap of $7.10 billion, a PE ratio of 57.39, a price-to-earnings-growth ratio of 3.38 and a beta of 0.78. The firm’s fifty day moving average is $389.23 and its two-hundred day moving average is $323.68.

CSW Industrials Increases Dividend

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

Insider Activity at CSW Industrials

In other news, CEO Joseph B. Armes sold 1,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 51,698 shares in the company, valued at $20,334,891.32. The trade was a 1.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last quarter, insiders sold 3,000 shares of company stock valued at $1,139,500. Corporate insiders own 1.40% of the company’s stock.

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.