CSW Industrials, Inc. (NASDAQ:CSWI) Position Boosted by MetLife Investment Management LLC

MetLife Investment Management LLC lifted its stake in CSW Industrials, Inc. (NASDAQ:CSWI) by 4.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,366 shares of the basic materials company’s stock after purchasing an additional 439 shares during the quarter. MetLife Investment Management LLC owned 0.06% of CSW Industrials worth $3,432,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Tidal Investments LLC raised its holdings in shares of CSW Industrials by 15.0% during the first quarter. Tidal Investments LLC now owns 1,402 shares of the basic materials company’s stock worth $329,000 after acquiring an additional 183 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in shares of CSW Industrials by 22.4% during the 2nd quarter. Park Avenue Securities LLC now owns 2,494 shares of the basic materials company’s stock valued at $662,000 after buying an additional 456 shares during the last quarter. Contravisory Investment Management Inc. grew its stake in shares of CSW Industrials by 48.1% in the 2nd quarter. Contravisory Investment Management Inc. now owns 117 shares of the basic materials company’s stock valued at $31,000 after buying an additional 38 shares in the last quarter. OLD National Bancorp IN acquired a new position in CSW Industrials in the second quarter worth approximately $271,000. Finally, SG Americas Securities LLC raised its position in CSW Industrials by 190.6% during the second quarter. SG Americas Securities LLC now owns 1,831 shares of the basic materials company’s stock valued at $486,000 after acquiring an additional 1,201 shares in the last quarter. 82.79% of the stock is currently owned by institutional investors and hedge funds.

CSW Industrials Trading Up 0.7 %

NASDAQ:CSWI opened at $419.39 on Wednesday. The firm has a market capitalization of $7.05 billion, a PE ratio of 56.98 and a beta of 0.81. CSW Industrials, Inc. has a 1 year low of $177.06 and a 1 year high of $436.50. The firm’s fifty day simple moving average is $391.36 and its 200 day simple moving average is $327.26.

CSW Industrials Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, October 25th were paid a $0.24 dividend. The ex-dividend date of this dividend 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 dividend yield of 0.23%. CSW Industrials’s payout ratio is presently 13.04%.

Insider Buying and Selling

In related news, CEO Joseph B. Armes sold 1,000 shares of the business’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 transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last 90 days, insiders sold 3,000 shares of company stock valued at $1,139,500. Insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

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

CSW Industrials Company 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.