Andina Capital Management LLC Increases Stock Holdings in CSW Industrials, Inc. (NASDAQ:CSWI)

Andina Capital Management LLC increased its holdings in CSW Industrials, Inc. (NASDAQ:CSWI) by 5.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,641 shares of the basic materials company’s stock after purchasing an additional 82 shares during the period. Andina Capital Management LLC’s holdings in CSW Industrials were worth $579,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. State Street Corp boosted its holdings in CSW Industrials by 71.7% in the third quarter. State Street Corp now owns 612,696 shares of the basic materials company’s stock valued at $224,486,000 after acquiring an additional 255,849 shares during the last quarter. Riverbridge Partners LLC acquired a new position in CSW Industrials in the fourth quarter valued at $42,202,000. Principal Financial Group Inc. boosted its holdings in CSW Industrials by 1,046.2% in the third quarter. Principal Financial Group Inc. now owns 84,991 shares of the basic materials company’s stock valued at $31,140,000 after acquiring an additional 77,576 shares during the last quarter. Loomis Sayles & Co. L P acquired a new position in CSW Industrials in the third quarter valued at $25,589,000. Finally, Franklin Resources Inc. boosted its holdings in CSW Industrials by 2,006.7% in the third quarter. Franklin Resources Inc. now owns 57,617 shares of the basic materials company’s stock valued at $22,702,000 after acquiring an additional 54,882 shares during the last quarter. Hedge funds and other institutional investors own 82.79% of the company’s stock.

CSW Industrials Price Performance

Shares of CSWI opened at $367.00 on Friday. CSW Industrials, Inc. has a 12 month low of $203.83 and a 12 month high of $436.50. The stock’s 50-day moving average is $385.62 and its two-hundred day moving average is $356.94. The stock has a market cap of $6.17 billion, a PE ratio of 49.86 and a beta of 0.85.

CSW Industrials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend is Friday, January 31st. CSW Industrials’s dividend payout ratio (DPR) is 13.04%.

Wall Street Analyst Weigh In

CSWI has been the topic of a number of research analyst reports. Citigroup reduced their target price on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a report on Monday, January 13th. StockNews.com upgraded CSW Industrials from a “hold” rating to a “buy” rating in a research note on Friday, December 6th. Wells Fargo & Company reduced their price objective on CSW Industrials from $425.00 to $410.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 17th. Finally, The Goldman Sachs Group reduced their price objective on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $404.67.

Insider Buying and Selling

In related news, CEO Joseph B. Armes sold 1,000 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $378.32, for a total value of $378,320.00. Following the transaction, the chief executive officer now owns 48,848 shares in the company, valued at approximately $18,480,175.36. The trade was a 2.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Luke Alverson sold 1,416 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $387.15, for a total value of $548,204.40. Following the completion of the transaction, the senior vice president now owns 17,156 shares in the company, valued at approximately $6,641,945.40. This trade represents a 7.62 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,903 shares of company stock worth $3,777,538. 1.40% of the stock is currently owned by corporate 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.