CSW Industrials, Inc. (NASDAQ:CSWI) Stock Holdings Lifted by Morse Asset Management Inc

Morse Asset Management Inc grew its stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 2.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,621 shares of the basic materials company’s stock after purchasing an additional 36 shares during the quarter. Morse Asset Management Inc’s holdings in CSW Industrials were worth $594,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Hsbc Holdings PLC grew its position 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 acquiring an additional 34 shares during the last quarter. Xponance Inc. grew its position 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 purchasing an additional 35 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of CSW Industrials by 105.9% in the third quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 36 shares during the period. Contravisory Investment Management Inc. raised its holdings in shares of CSW Industrials by 48.1% during the second 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 during the last quarter. Finally, Covestor Ltd boosted its position in shares of CSW Industrials by 17.4% during the third quarter. Covestor Ltd now owns 263 shares of the basic materials company’s stock worth $96,000 after buying an additional 39 shares during the period. 82.79% of the stock is owned by institutional investors and hedge funds.

CSW Industrials Trading Up 0.7 %

Shares of NASDAQ CSWI opened at $419.39 on Wednesday. CSW Industrials, Inc. has a twelve month low of $177.06 and a twelve month high of $436.50. The firm has a 50-day moving average of $391.36 and a two-hundred day moving average of $327.26. The company has a market capitalization of $7.05 billion, a price-to-earnings ratio of 56.98 and a beta of 0.81.

CSW Industrials Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, October 25th were paid a dividend of $0.24 per share. The ex-dividend date was Friday, October 25th. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a yield of 0.23%. CSW Industrials’s dividend payout ratio is currently 13.04%.

Insider Buying and Selling

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $341.37, for a total transaction of $341,370.00. Following the completion of the sale, the chief executive officer now directly owns 51,579 shares of the company’s stock, valued at approximately $17,607,523.23. This represents a 1.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders sold 3,000 shares of company stock worth $1,139,500. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.