Eagle Asset Management Inc. cut its position in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 39.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,631 shares of the basic materials company's stock after selling 23,208 shares during the quarter. Eagle Asset Management Inc. owned 0.21% of CSW Industrials worth $13,055,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CSWI. GAMMA Investing LLC boosted its stake in shares of CSW Industrials by 105.9% in 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 acquired a new stake in CSW Industrials in the third quarter worth about $30,000. Contravisory Investment Management Inc. boosted its stake in shares of CSW Industrials by 48.1% in the 2nd quarter. Contravisory Investment Management Inc. now owns 117 shares of the basic materials company's stock valued at $31,000 after purchasing an additional 38 shares during the last quarter. Peterson Financial Group Inc. acquired a new stake in shares of CSW Industrials during the 3rd quarter worth approximately $72,000. Finally, Nisa Investment Advisors LLC raised its stake in shares of CSW Industrials by 508.8% during the third quarter. Nisa Investment Advisors LLC now owns 207 shares of the basic materials company's stock worth $76,000 after buying an additional 173 shares during the last quarter. 82.79% of the stock is currently owned by institutional investors.
CSW Industrials Stock Performance
NASDAQ:CSWI traded up $11.00 on Friday, reaching $426.66. The company's stock had a trading volume of 161,931 shares, compared to its average volume of 110,928. CSW Industrials, Inc. has a 1-year low of $172.97 and a 1-year high of $428.46. The firm has a market cap of $7.18 billion, a PE ratio of 57.97, a PEG ratio of 3.33 and a beta of 0.78. The business's 50-day moving average price is $382.05 and its two-hundred day moving average price is $318.05.
CSW Industrials Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 25th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.23%. This is a boost from CSW Industrials's previous quarterly dividend of $0.21. The ex-dividend date was Friday, October 25th. CSW Industrials's payout ratio is presently 13.04%.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on CSWI. Citigroup upgraded CSW Industrials to a "hold" rating in a report on Wednesday, November 13th. StockNews.com lowered shares of CSW Industrials from a "buy" rating to a "hold" rating in a report on Thursday, November 14th.
Get Our Latest Report on CSW Industrials
Insider Buying and Selling at CSW Industrials
In other news, CEO Joseph B. Armes sold 1,000 shares of the company's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $404.79, for a total transaction of $404,790.00. Following the completion of the transaction, the chief executive officer now directly owns 50,698 shares of the company's stock, valued at $20,522,043.42. This represents a 1.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last ninety days, insiders sold 3,000 shares of company stock valued at $1,139,500. Company insiders own 1.40% of the company's stock.
About CSW Industrials
(
Free Report)
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.
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