Horizon Kinetics Asset Management LLC Sells 1,200 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

Horizon Kinetics Asset Management LLC reduced its stake in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 16.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,000 shares of the basic materials company's stock after selling 1,200 shares during the quarter. Horizon Kinetics Asset Management LLC's holdings in CSW Industrials were worth $2,198,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in CSWI. GAMMA Investing LLC increased its stake in CSW Industrials by 105.9% during the 3rd 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 in the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of CSW Industrials during the third quarter valued at approximately $30,000. Contravisory Investment Management Inc. increased its position 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 acquiring an additional 38 shares in the last quarter. Peterson Financial Group Inc. bought a new stake in shares of CSW Industrials during the third quarter valued at approximately $72,000. Finally, Nisa Investment Advisors LLC raised its holdings in CSW Industrials by 508.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 207 shares of the basic materials company's stock worth $76,000 after acquiring an additional 173 shares during the last quarter. Hedge funds and other institutional investors own 82.79% of the company's stock.

CSW Industrials Trading Up 1.3 %

NASDAQ CSWI traded up $5.35 on Monday, reaching $432.01. 130,014 shares of the stock were exchanged, compared to its average volume of 127,579. CSW Industrials, Inc. has a one year low of $172.97 and a one year high of $436.50. The firm has a market capitalization of $7.27 billion, a PE ratio of 58.43, a PEG ratio of 3.42 and a beta of 0.78. The company's 50-day simple moving average is $382.05 and its two-hundred day simple moving average is $318.54.

CSW Industrials Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, October 25th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.22%. This is an increase from CSW Industrials's previous quarterly dividend of $0.21. The ex-dividend date was Friday, October 25th. CSW Industrials's dividend payout ratio (DPR) is presently 13.04%.

Insider Activity at CSW Industrials

In related news, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $404.79, for a total transaction of $404,790.00. Following the sale, the chief executive officer now owns 50,698 shares of the company's stock, valued at approximately $20,522,043.42. This trade represents a 1.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders have sold 3,000 shares of company stock worth $1,139,500. 1.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have commented on CSWI shares. Wells Fargo & Company assumed coverage on CSW Industrials in a research note on Monday. They set an "equal weight" rating and a $425.00 target price on the stock. StockNews.com cut shares of CSW Industrials from a "buy" rating to a "hold" rating in a research note on Thursday, November 14th. Finally, Citigroup raised CSW Industrials to a "hold" rating in a report on Wednesday, November 13th.

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.