CSW Industrials, Inc. (NASDAQ:CSWI) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lowered its holdings in CSW Industrials, Inc. (NASDAQ:CSWI) by 16.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,076 shares of the basic materials company’s stock after selling 1,181 shares during the period. State of New Jersey Common Pension Fund D’s holdings in CSW Industrials were worth $2,226,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Hsbc Holdings PLC boosted its position in CSW Industrials by 2.0% during the 2nd quarter. Hsbc Holdings PLC now owns 1,743 shares of the basic materials company’s stock worth $461,000 after purchasing an additional 34 shares during the period. Xponance Inc. grew its stake in shares of CSW Industrials by 3.7% in the second quarter. Xponance Inc. now owns 976 shares of the basic materials company’s stock valued at $259,000 after buying an additional 35 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of CSW Industrials by 105.9% during the 3rd quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company’s stock valued at $26,000 after buying an additional 36 shares during the period. Contravisory Investment Management Inc. lifted its position in CSW Industrials by 48.1% during the 2nd quarter. Contravisory Investment Management Inc. now owns 117 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 38 shares in the last quarter. Finally, Covestor Ltd boosted its holdings in CSW Industrials by 17.4% in the 3rd 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 period. Hedge funds and other institutional investors own 82.79% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of CSW Industrials from a “buy” rating to a “hold” rating in a research note on Thursday.

CSW Industrials Price Performance

Shares of CSWI stock opened at $407.79 on Friday. The company’s fifty day moving average price is $368.05 and its two-hundred day moving average price is $309.72. The firm has a market capitalization of $6.86 billion, a P/E ratio of 55.41, a P/E/G ratio of 3.35 and a beta of 0.78. CSW Industrials, Inc. has a 12 month low of $167.81 and a 12 month high of $428.46.

CSW Industrials Increases Dividend

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

Insider Activity at CSW Industrials

In other news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $341.37, for a total transaction of $341,370.00. Following the completion of the transaction, the chief executive officer now directly owns 51,579 shares in the company, valued at approximately $17,607,523.23. This represents a 1.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.40% of the stock is currently owned by company insiders.

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.