Crossmark Global Holdings Inc. Makes New Investment in CSW Industrials, Inc. (NASDAQ:CSWI)

Crossmark Global Holdings Inc. bought a new stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI) during the third quarter, HoldingsChannel reports. The firm bought 953 shares of the basic materials company’s stock, valued at approximately $349,000.

A number of other hedge funds have also recently modified their holdings of CSWI. SG Americas Securities LLC bought a new stake in shares of CSW Industrials in the 1st quarter worth approximately $148,000. Russell Investments Group Ltd. raised its stake in CSW Industrials by 20,750.0% during the first quarter. Russell Investments Group Ltd. now owns 834 shares of the basic materials company’s stock valued at $196,000 after buying an additional 830 shares during the last quarter. US Bancorp DE boosted its holdings in CSW Industrials by 8.0% in the first quarter. US Bancorp DE now owns 2,330 shares of the basic materials company’s stock worth $547,000 after acquiring an additional 172 shares in the last quarter. ProShare Advisors LLC grew its stake in shares of CSW Industrials by 8.5% in the first quarter. ProShare Advisors LLC now owns 2,771 shares of the basic materials company’s stock worth $650,000 after acquiring an additional 218 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of CSW Industrials by 39.1% during 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 acquiring an additional 340,904 shares in the last quarter. Institutional investors own 82.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on CSWI shares. StockNews.com cut shares of CSW Industrials from a “buy” rating to a “hold” rating in a research note on Thursday. Citigroup raised shares of CSW Industrials to a “hold” rating in a report on Wednesday, November 13th.

Insider Buying and Selling

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $393.34, for a total value of $393,340.00. Following the completion of the sale, the chief executive officer now owns 51,698 shares of the company’s stock, valued at approximately $20,334,891.32. The trade was a 1.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders sold 3,000 shares of company stock worth $1,139,500. 1.40% of the stock is owned by corporate insiders.

CSW Industrials Trading Down 0.9 %

Shares of CSWI opened at $403.98 on Monday. The company has a market cap of $6.79 billion, a price-to-earnings ratio of 54.89, a P/E/G ratio of 3.24 and a beta of 0.78. The business’s fifty day simple moving average is $372.75 and its two-hundred day simple moving average is $312.06. CSW Industrials, Inc. has a 12 month low of $167.81 and a 12 month high of $428.46.

CSW Industrials Increases Dividend

The firm also recently disclosed 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 of this dividend was Friday, October 25th. This is a boost from CSW Industrials’s previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a dividend yield of 0.24%. CSW Industrials’s dividend payout ratio (DPR) is 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.