Moors & Cabot Inc. Acquires Shares of 1,251 CSW Industrials, Inc. (NASDAQ:CSWI)

Moors & Cabot Inc. acquired a new stake in CSW Industrials, Inc. (NASDAQ:CSWI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,251 shares of the basic materials company’s stock, valued at approximately $208,000.

Several other institutional investors and hedge funds have also modified their holdings of CSWI. Strs Ohio acquired a new position in shares of CSW Industrials in the 2nd quarter valued at about $33,000. Point72 Hong Kong Ltd purchased a new position in shares of CSW Industrials in the 2nd quarter valued at about $34,000. Tower Research Capital LLC TRC increased its stake in shares of CSW Industrials by 358.0% in the 1st quarter. Tower Research Capital LLC TRC now owns 458 shares of the basic materials company’s stock valued at $64,000 after purchasing an additional 358 shares in the last quarter. Hanson & Doremus Investment Management purchased a new position in shares of CSW Industrials in the 2nd quarter valued at about $65,000. Finally, Ensign Peak Advisors Inc purchased a new position in shares of CSW Industrials in the 3rd quarter valued at about $89,000. Institutional investors and hedge funds own 80.54% of the company’s stock.

CSW Industrials Price Performance

Shares of CSW Industrials stock opened at $169.04 on Tuesday. CSW Industrials, Inc. has a twelve month low of $111.70 and a twelve month high of $190.63. The business has a 50-day moving average price of $175.36 and a 200 day moving average price of $168.26. The company has a quick ratio of 1.49, a current ratio of 2.83 and a debt-to-equity ratio of 0.29. The firm has a market cap of $2.63 billion, a PE ratio of 25.42, a P/E/G ratio of 1.53 and a beta of 0.77.

CSW Industrials Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 10th. Shareholders of record on Friday, October 27th were paid a dividend of $0.19 per share. The ex-dividend date was Thursday, October 26th. This represents a $0.76 annualized dividend and a yield of 0.45%. CSW Industrials’s dividend payout ratio (DPR) is currently 11.43%.

Analyst Ratings Changes

Separately, StockNews.com began coverage on CSW Industrials in a research note on Thursday, October 5th. They issued a “buy” rating for the company.

Insiders Place Their Bets

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $174.97, for a total transaction of $174,970.00. Following the completion of the sale, the chief executive officer now directly owns 53,997 shares in the company, valued at approximately $9,447,855.09. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.30% of the stock is owned by company insiders.

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.