CSW Industrials, Inc. (NASDAQ:CSWI) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 8.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,264 shares of the basic materials company's stock after selling 2,158 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.14% of CSW Industrials worth $8,890,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Hsbc Holdings PLC grew its position in shares of CSW Industrials by 2.0% during the second quarter. Hsbc Holdings PLC now owns 1,743 shares of the basic materials company's stock worth $461,000 after acquiring an additional 34 shares during the last quarter. Xponance Inc. grew its position in shares of CSW Industrials by 3.7% during the second quarter. Xponance Inc. now owns 976 shares of the basic materials company's stock worth $259,000 after acquiring an additional 35 shares during the last quarter. GAMMA Investing LLC grew its position in shares of CSW Industrials by 105.9% during the third quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company's stock worth $26,000 after acquiring an additional 36 shares during the last quarter. Covestor Ltd grew its position in shares of CSW Industrials by 17.4% during the third quarter. Covestor Ltd now owns 263 shares of the basic materials company's stock worth $96,000 after acquiring an additional 39 shares during the last quarter. Finally, Azzad Asset Management Inc. ADV grew its position in shares of CSW Industrials by 1.0% during the third quarter. Azzad Asset Management Inc. ADV now owns 3,876 shares of the basic materials company's stock worth $1,420,000 after acquiring an additional 40 shares during the last quarter. Institutional investors own 82.79% of the company's stock.

Insider Activity at CSW Industrials

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the company's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $341.37, for a total value of $341,370.00. Following the completion of the sale, the chief executive officer now directly owns 51,579 shares of the company's stock, valued at approximately $17,607,523.23. This represents a 1.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 3,000 shares of company stock worth $1,139,500 in the last 90 days. Corporate insiders own 1.40% of the company's stock.

CSW Industrials Trading Down 4.2 %

CSWI traded down $17.36 on Monday, reaching $398.41. The company had a trading volume of 100,802 shares, compared to its average volume of 125,892. The company has a fifty day moving average of $394.63 and a 200-day moving average of $331.74. The company has a market capitalization of $6.70 billion, a P/E ratio of 54.13 and a beta of 0.81. CSW Industrials, Inc. has a one year low of $183.43 and a one year high of $436.50.

CSW Industrials Increases Dividend

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

Wall Street Analyst Weigh In

Several research firms have recently commented on CSWI. The Goldman Sachs Group began coverage on shares of CSW Industrials in a research report on Friday. They set a "neutral" rating and a $450.00 price target for the company. Wells Fargo & Company began coverage on shares of CSW Industrials in a research report on Monday, November 25th. They set an "equal weight" rating and a $425.00 price target for the company. Citigroup upgraded shares of CSW Industrials to a "hold" rating in a research report on Wednesday, November 13th. Finally, StockNews.com upgraded shares of CSW Industrials from a "hold" rating to a "buy" rating in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $437.50.

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.