CSW Industrials, Inc. (NASDAQ:CSWI) Shares Sold by Horizon Kinetics Asset Management LLC

Horizon Kinetics Asset Management LLC cut its position in CSW Industrials, Inc. (NASDAQ:CSWI) by 16.7% in the third quarter, according to its most recent Form 13F filing with the Securities and 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 and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of CSWI. GAMMA Investing LLC lifted 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 purchasing an additional 36 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of CSW Industrials in the third quarter valued at $30,000. Contravisory Investment Management Inc. boosted its holdings in CSW Industrials by 48.1% in the second 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. Peterson Financial Group Inc. acquired a new position in CSW Industrials during the 3rd quarter worth $72,000. Finally, Nisa Investment Advisors LLC increased its holdings 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 purchasing an additional 173 shares during the period. Hedge funds and other institutional investors own 82.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on CSWI shares. Wells Fargo & Company assumed coverage on CSW Industrials in a research report on Monday. They set an “equal weight” rating and a $425.00 price objective for the company. StockNews.com downgraded CSW Industrials from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Finally, Citigroup upgraded CSW Industrials to a “hold” rating in a research report on Wednesday, November 13th.

CSW Industrials Stock Performance

CSWI opened at $426.66 on Monday. CSW Industrials, Inc. has a one year low of $172.97 and a one year high of $428.46. The company has a market cap of $7.18 billion, a price-to-earnings ratio of 57.97, a PEG ratio of 3.42 and a beta of 0.78. The business’s fifty day moving average is $382.05 and its two-hundred day moving average is $318.54.

CSW Industrials Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, October 25th were paid a dividend of $0.24 per share. The ex-dividend date was Friday, October 25th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.23%. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.21. 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 the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $341.37, for a total value of $341,370.00. Following 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 trade represents a 1.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders sold 3,000 shares of company stock valued at $1,139,500. 1.40% of the stock is owned by insiders.

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.