Marco Investment Management LLC Makes New $234,000 Investment in CSW Industrials, Inc. (NASDAQ:CSWI)

Marco Investment Management LLC acquired a new stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 640 shares of the basic materials company’s stock, valued at approximately $234,000.

Several other hedge funds have also recently made changes to their positions in CSWI. Hsbc Holdings PLC grew its stake in CSW Industrials by 2.0% during the 2nd quarter. Hsbc Holdings PLC now owns 1,743 shares of the basic materials company’s stock valued at $461,000 after purchasing an additional 34 shares during the last quarter. Xponance Inc. increased 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 period. GAMMA Investing LLC increased its holdings in CSW Industrials by 105.9% in 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 during the period. Contravisory Investment Management Inc. lifted its stake in CSW Industrials by 48.1% during the 2nd 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 during the period. Finally, Covestor Ltd lifted its stake in CSW Industrials by 17.4% during the 3rd quarter. Covestor Ltd now owns 263 shares of the basic materials company’s stock valued at $96,000 after acquiring an additional 39 shares during the period. 82.79% of the stock is owned by institutional investors and hedge funds.

CSW Industrials Trading Up 2.6 %

Shares of NASDAQ:CSWI opened at $426.66 on Monday. The company has a market capitalization of $7.18 billion, a PE ratio of 57.97, a PEG ratio of 3.33 and a beta of 0.78. CSW Industrials, Inc. has a 12-month low of $172.97 and a 12-month high of $428.46. The business has a 50 day moving average of $382.05 and a two-hundred day moving average of $318.05.

CSW Industrials Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, October 25th were issued a dividend of $0.24 per share. 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 yield of 0.23%. CSW Industrials’s dividend payout ratio is 13.04%.

Insider Activity at CSW Industrials

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 51,698 shares in the company, valued at approximately $20,334,891.32. This represents a 1.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last quarter, insiders have sold 3,000 shares of company stock worth $1,139,500. 1.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Citigroup raised shares of CSW Industrials to a “hold” rating in a report on Wednesday, November 13th. StockNews.com lowered CSW Industrials from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th.

About CSW Industrials

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.