CSW Industrials, Inc. (NASDAQ:CSWI) Stake Lowered by Quest Partners LLC

Quest Partners LLC reduced its stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 77.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 292 shares of the basic materials company’s stock after selling 986 shares during the period. Quest Partners LLC’s holdings in CSW Industrials were worth $107,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC grew 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 acquiring an additional 36 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in shares of CSW Industrials during the 3rd quarter valued at $30,000. Contravisory Investment Management Inc. grew its holdings in shares of CSW Industrials by 48.1% during the 2nd quarter. Contravisory Investment Management Inc. now owns 117 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 38 shares in the last quarter. Peterson Financial Group Inc. purchased a new position in shares of CSW Industrials during the 3rd quarter valued at $72,000. Finally, Nisa Investment Advisors LLC grew its holdings in shares of CSW Industrials by 508.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 207 shares of the basic materials company’s stock valued at $76,000 after acquiring an additional 173 shares in the last quarter. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CSWI has been the subject of a number of recent research reports. StockNews.com upgraded shares of CSW Industrials from a “hold” rating to a “buy” rating in a report on Wednesday. Citigroup upgraded shares of CSW Industrials to a “hold” rating in a report on Wednesday, November 13th. Finally, Wells Fargo & Company initiated coverage on shares of CSW Industrials in a report on Monday, November 25th. They issued an “equal weight” rating and a $425.00 price objective for the company.

CSW Industrials Price Performance

CSW Industrials stock opened at $422.39 on Friday. The firm has a market cap of $7.10 billion, a price-to-earnings ratio of 57.39, a P/E/G ratio of 3.38 and a beta of 0.78. CSW Industrials, Inc. has a fifty-two week low of $176.56 and a fifty-two week high of $436.50. The firm has a fifty day moving average price of $389.23 and a two-hundred day moving average price of $323.68.

CSW Industrials Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 25th were given a dividend of $0.24 per share. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Friday, October 25th. This represents a $0.96 dividend on an annualized basis and a yield of 0.23%. CSW Industrials’s payout ratio is currently 13.04%.

Insiders Place Their Bets

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $404.79, for a total transaction of $404,790.00. Following the completion of the transaction, the chief executive officer now owns 50,698 shares of the company’s stock, valued at $20,522,043.42. The trade was a 1.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 3,000 shares of company stock valued at $1,139,500 in the last quarter. Insiders own 1.40% of the company’s stock.

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.