Eagle Asset Management Inc. Sells 23,208 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

Eagle Asset Management Inc. reduced its stake in CSW Industrials, Inc. (NASDAQ:CSWI) by 39.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 35,631 shares of the basic materials company’s stock after selling 23,208 shares during the quarter. Eagle Asset Management Inc. owned approximately 0.21% of CSW Industrials worth $13,055,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of CSWI. Hsbc Holdings PLC lifted 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 valued at $461,000 after purchasing an additional 34 shares in the last quarter. Xponance Inc. boosted its stake in shares of CSW Industrials by 3.7% in the 2nd quarter. Xponance Inc. now owns 976 shares of the basic materials company’s stock worth $259,000 after buying an additional 35 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of CSW Industrials by 105.9% in the third 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. Contravisory Investment Management Inc. increased its position in shares of CSW Industrials by 48.1% during the second 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 during the last quarter. Finally, Covestor Ltd lifted its holdings in 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 period. 82.79% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $393.34, for a total value of $393,340.00. Following the completion of the transaction, the chief executive officer now directly owns 51,698 shares in the company, valued at approximately $20,334,891.32. The trade was a 1.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 3,000 shares of company stock valued at $1,139,500 over the last quarter. Company insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. StockNews.com downgraded CSW Industrials from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Citigroup raised shares of CSW Industrials to a “hold” rating in a research report on Wednesday, November 13th.

CSW Industrials Stock Performance

CSWI stock opened at $426.66 on Friday. CSW Industrials, Inc. has a fifty-two week low of $172.97 and a fifty-two week high of $428.46. The stock has a fifty day moving average of $382.05 and a 200-day moving average of $317.58. The company has a market capitalization of $7.18 billion, a price-to-earnings ratio of 57.97, a PEG ratio of 3.33 and a beta of 0.78.

CSW Industrials Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders 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. The ex-dividend date was Friday, October 25th. This represents a $0.96 annualized dividend and a dividend yield of 0.23%. CSW Industrials’s dividend payout ratio (DPR) is presently 13.04%.

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.