CSW Industrials, Inc. (NASDAQ:CSWI) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lowered its holdings in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 18.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 9,294 shares of the basic materials company's stock after selling 2,082 shares during the quarter. Oppenheimer Asset Management Inc. owned about 0.06% of CSW Industrials worth $3,405,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CSWI. GAMMA Investing LLC raised 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 worth $26,000 after acquiring an additional 36 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of CSW Industrials in the 3rd quarter valued at about $30,000. Contravisory Investment Management Inc. boosted its position 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 period. Nisa Investment Advisors LLC grew its stake in CSW Industrials by 508.8% during the 3rd 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. Finally, Covestor Ltd lifted its stake in CSW Industrials by 17.4% in the third quarter. Covestor Ltd now owns 263 shares of the basic materials company's stock valued at $96,000 after buying an additional 39 shares during the last quarter. Institutional investors and hedge funds own 82.79% of the company's stock.

Insider Buying and Selling

In other news, CEO Joseph B. Armes sold 1,000 shares of the business's stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $393.34, for a total transaction of $393,340.00. Following the transaction, the chief executive officer now directly owns 51,698 shares in the company, valued at $20,334,891.32. The trade was a 1.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold a total of 3,000 shares of company stock valued at $1,139,500 over the last three months. 1.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CSWI. StockNews.com lowered shares of CSW Industrials from a "buy" rating to a "hold" rating in a research report on Thursday. Citigroup raised shares of CSW Industrials to a "hold" rating in a research report on Wednesday.

CSW Industrials Stock Performance

CSW Industrials stock traded down $3.81 during mid-day trading on Friday, reaching $403.98. 60,310 shares of the company were exchanged, compared to its average volume of 128,294. CSW Industrials, Inc. has a twelve month low of $167.81 and a twelve month high of $428.46. The firm's 50-day simple moving average is $372.75 and its two-hundred day simple moving average is $311.54. The firm has a market cap of $6.79 billion, a PE ratio of 54.89, a price-to-earnings-growth ratio of 3.32 and a beta of 0.78.

CSW Industrials Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, October 25th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.24%. The ex-dividend date of this dividend was Friday, October 25th. This is a boost from CSW Industrials's previous quarterly dividend of $0.21. CSW Industrials's dividend payout ratio is 13.04%.

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.