Millburn Ridgefield Corp Purchases New Position in CSW Industrials, Inc. (NASDAQ:CSWI)

Millburn Ridgefield Corp purchased a new position in CSW Industrials, Inc. (NASDAQ:CSWI) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,118 shares of the basic materials company’s stock, valued at approximately $410,000.

Other hedge funds also recently bought and sold shares of the company. Hsbc Holdings PLC increased its stake 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. boosted its holdings in CSW Industrials by 3.7% in the 2nd quarter. Xponance Inc. now owns 976 shares of the basic materials company’s stock worth $259,000 after buying an additional 35 shares during the last quarter. GAMMA Investing LLC increased its stake in CSW Industrials by 105.9% during the 3rd quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company’s stock worth $26,000 after buying an additional 36 shares in the last quarter. Morse Asset Management Inc raised its holdings in shares of CSW Industrials by 2.3% during 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 during the last quarter. Finally, Contravisory Investment Management Inc. lifted its position in shares of CSW Industrials by 48.1% in the second quarter. Contravisory Investment Management Inc. now owns 117 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 38 shares in the last quarter. Hedge funds and other institutional investors own 82.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Citigroup upgraded CSW Industrials to a “hold” rating in a research report on Wednesday, November 13th. StockNews.com raised shares of CSW Industrials from a “hold” rating to a “buy” rating in a report on Wednesday, November 27th. Finally, Wells Fargo & Company assumed coverage on shares of CSW Industrials in a research note on Monday, November 25th. They issued an “equal weight” rating and a $425.00 price target on the stock.

Insider Transactions at CSW Industrials

In other news, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $404.79, for a total transaction of $404,790.00. Following the completion of the sale, the chief executive officer now owns 50,698 shares in the company, valued at $20,522,043.42. This trade represents a 1.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 3,000 shares of company stock worth $1,139,500 in the last quarter. Company insiders own 1.40% of the company’s stock.

CSW Industrials Stock Performance

NASDAQ:CSWI opened at $419.39 on Wednesday. CSW Industrials, Inc. has a one year low of $177.06 and a one year high of $436.50. The stock has a market cap of $7.05 billion, a PE ratio of 56.98 and a beta of 0.81. The stock has a 50 day moving average price of $391.36 and a 200 day moving average price of $327.26.

CSW Industrials Increases Dividend

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