Victory Capital Management Inc. Buys 4,859 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

Victory Capital Management Inc. lifted its holdings in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 107.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,363 shares of the basic materials company's stock after purchasing an additional 4,859 shares during the period. Victory Capital Management Inc. owned approximately 0.06% of CSW Industrials worth $1,942,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Dark Forest Capital Management LP acquired a new stake in shares of CSW Industrials during the 3rd quarter worth about $395,000. Jump Financial LLC lifted its position in shares of CSW Industrials by 62.0% during the 3rd quarter. Jump Financial LLC now owns 9,559 shares of the basic materials company's stock worth $1,675,000 after buying an additional 3,659 shares during the last quarter. Vaughan David Investments LLC IL acquired a new position in shares of CSW Industrials in the 4th quarter valued at $207,000. Cullen Frost Bankers Inc. purchased a new position in shares of CSW Industrials in the 3rd quarter valued at $51,000. Finally, Conestoga Capital Advisors LLC raised its stake in CSW Industrials by 81.5% during the 4th quarter. Conestoga Capital Advisors LLC now owns 398,680 shares of the basic materials company's stock worth $82,690,000 after acquiring an additional 178,962 shares in the last quarter. 82.79% of the stock is owned by hedge funds and other institutional investors.

CSW Industrials Stock Performance

Shares of CSWI stock traded down $2.42 during mid-day trading on Friday, hitting $240.37. 70,593 shares of the stock were exchanged, compared to its average volume of 74,968. CSW Industrials, Inc. has a 12-month low of $132.78 and a 12-month high of $252.14. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 2.77. The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of 38.58, a P/E/G ratio of 1.99 and a beta of 0.72. The stock's fifty day simple moving average is $237.02 and its two-hundred day simple moving average is $215.01.

CSW Industrials Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 10th. Stockholders of record on Friday, April 26th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, April 25th. This is a positive change from CSW Industrials's previous quarterly dividend of $0.19. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.35%. CSW Industrials's dividend payout ratio (DPR) is 13.48%.

Insider Activity

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $230.06, for a total transaction of $230,060.00. Following the completion of the sale, the chief executive officer now directly owns 49,997 shares of the company's stock, valued at approximately $11,502,309.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $230.06, for a total value of $230,060.00. Following the sale, the chief executive officer now directly owns 49,997 shares in the company, valued at $11,502,309.82. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Don Sullivan sold 7,826 shares of CSW Industrials stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $230.90, for a total transaction of $1,807,023.40. Following the sale, the executive vice president now owns 28,956 shares of the company's stock, valued at $6,685,940.40. The disclosure for this sale can be found here. Insiders have sold 10,826 shares of company stock valued at $2,502,133 in the last ninety days. 1.30% of the stock is currently owned by company insiders.

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.