Peterson Financial Group Inc. Takes $72,000 Position in CSW Industrials, Inc. (NASDAQ:CSWI)

Peterson Financial Group Inc. acquired a new stake in CSW Industrials, Inc. (NASDAQ:CSWI) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 196 shares of the basic materials company’s stock, valued at approximately $72,000.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC raised its position 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. V Square Quantitative Management LLC acquired a new position in shares of CSW Industrials in the third quarter valued at about $30,000. Contravisory Investment Management Inc. grew its stake 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. Nisa Investment Advisors LLC grew its stake in shares of CSW Industrials by 508.8% in the third quarter. Nisa Investment Advisors LLC now owns 207 shares of the basic materials company’s stock valued at $76,000 after acquiring an additional 173 shares in the last quarter. Finally, Covestor Ltd grew its stake in shares of CSW Industrials by 17.4% in the third quarter. Covestor Ltd now owns 263 shares of the basic materials company’s stock valued at $96,000 after acquiring an additional 39 shares in the last quarter. 82.79% of the stock is owned by institutional investors.

CSW Industrials Trading Down 0.9 %

CSWI opened at $403.98 on Friday. The company’s 50 day moving average is $372.75 and its 200-day moving average is $311.54. CSW Industrials, Inc. has a 1-year low of $167.81 and a 1-year high of $428.46. The company has a market cap of $6.79 billion, a P/E ratio of 54.89, a PEG ratio of 3.24 and a beta of 0.78.

CSW Industrials Increases Dividend

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

Insider Activity at CSW Industrials

In related news, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction that occurred on 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 $20,334,891.32. This trade represents a 1.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 3,000 shares of company stock worth $1,139,500 in the last quarter. 1.40% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently commented on CSWI. StockNews.com downgraded shares of CSW Industrials from a “buy” rating to a “hold” rating in a research note on Thursday. Citigroup upgraded shares of CSW Industrials to a “hold” rating in a research note on Wednesday.

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.