SageView Advisory Group LLC Sells 13,525 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

SageView Advisory Group LLC trimmed its position in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 55.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,817 shares of the basic materials company's stock after selling 13,525 shares during the quarter. SageView Advisory Group LLC owned 0.06% of CSW Industrials worth $3,963,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CSWI. Millburn Ridgefield Corp bought a new position in CSW Industrials in the third quarter valued at about $410,000. Morse Asset Management Inc boosted its position in CSW Industrials by 2.3% during the 3rd quarter. Morse Asset Management Inc now owns 1,621 shares of the basic materials company's stock worth $594,000 after buying an additional 36 shares during the period. HighTower Advisors LLC grew its holdings in CSW Industrials by 1.4% during the 3rd quarter. HighTower Advisors LLC now owns 3,524 shares of the basic materials company's stock worth $1,279,000 after acquiring an additional 47 shares during the last quarter. Erste Asset Management GmbH acquired a new position in CSW Industrials in the 3rd quarter valued at approximately $651,000. Finally, Fred Alger Management LLC lifted its holdings in shares of CSW Industrials by 109.4% during the third quarter. Fred Alger Management LLC now owns 27,954 shares of the basic materials company's stock worth $10,242,000 after purchasing an additional 14,607 shares during the period. 82.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CSWI has been the subject of several analyst reports. StockNews.com raised CSW Industrials from a "hold" rating to a "buy" rating in a research report on Wednesday, November 27th. Citigroup upgraded CSW Industrials to a "hold" rating in a report on Wednesday, November 13th. Finally, Wells Fargo & Company began coverage on shares of CSW Industrials in a research report on Monday, November 25th. They issued an "equal weight" rating and a $425.00 price target on the stock.

CSW Industrials Trading Down 1.2 %

NASDAQ CSWI traded down $4.90 during trading hours on Thursday, hitting $410.30. 38,287 shares of the company's stock were exchanged, compared to its average volume of 126,083. The firm has a market cap of $6.90 billion, a price-to-earnings ratio of 56.41 and a beta of 0.81. CSW Industrials, Inc. has a 1-year low of $177.06 and a 1-year high of $436.50. The stock has a 50-day simple moving average of $392.29 and a 200 day simple moving average of $327.87.

CSW Industrials Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 25th were paid a $0.24 dividend. This is an increase from CSW Industrials's previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a yield of 0.23%. The ex-dividend date of this dividend was Friday, October 25th. CSW Industrials's payout ratio is 13.04%.

Insider Activity

In related news, CEO Joseph B. Armes sold 1,000 shares of the company's stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $393.34, for a total transaction of $393,340.00. Following the completion of the sale, the chief executive officer now owns 51,698 shares in the company, valued at approximately $20,334,891.32. This represents a 1.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders have sold 3,000 shares of company stock worth $1,139,500. Company insiders own 1.40% of the company's stock.

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.