Arizona State Retirement System Boosts Stock Position in CSW Industrials, Inc. (NASDAQ:CSWI)

Arizona State Retirement System increased its stake in shares of CSW Industrials, Inc. (NASDAQ:CSWIFree Report) by 1.8% in the third quarter, HoldingsChannel reports. The firm owned 4,425 shares of the basic materials company’s stock after buying an additional 78 shares during the period. Arizona State Retirement System’s holdings in CSW Industrials were worth $775,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Morgan Stanley raised its holdings in shares of CSW Industrials by 681.4% in the 4th quarter. Morgan Stanley now owns 499,560 shares of the basic materials company’s stock valued at $57,914,000 after buying an additional 435,627 shares during the period. Conestoga Capital Advisors LLC purchased a new position in CSW Industrials in the third quarter valued at about $38,503,000. Silvercrest Asset Management Group LLC acquired a new position in CSW Industrials in the first quarter worth about $9,642,000. BlackRock Inc. increased its holdings in shares of CSW Industrials by 5.1% in the second quarter. BlackRock Inc. now owns 1,041,018 shares of the basic materials company’s stock valued at $173,007,000 after buying an additional 50,102 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in CSW Industrials by 195.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 54,242 shares of the basic materials company’s stock valued at $9,505,000 after purchasing an additional 35,887 shares during the period. 80.54% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Joseph B. Armes sold 1,000 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $202.79, for a total transaction of $202,790.00. Following the transaction, the chief executive officer now directly owns 51,997 shares in the company, valued at approximately $10,544,471.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.30% of the company’s stock.

CSW Industrials Trading Up 1.9 %

Shares of NASDAQ:CSWI opened at $224.98 on Thursday. The firm has a fifty day moving average price of $204.83 and a 200 day moving average price of $187.34. The stock has a market capitalization of $3.49 billion, a PE ratio of 36.11, a P/E/G ratio of 2.13 and a beta of 0.73. The company has a current ratio of 2.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. CSW Industrials, Inc. has a 1 year low of $130.06 and a 1 year high of $226.95.

CSW Industrials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Friday, January 26th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, January 25th. This represents a $0.76 annualized dividend and a yield of 0.34%. CSW Industrials’s dividend payout ratio is 12.20%.

CSW Industrials Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding CSWI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CSW Industrials, Inc. (NASDAQ:CSWIFree Report).

Institutional Ownership by Quarter for CSW Industrials (NASDAQ:CSWI)

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