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

Horizon Kinetics Asset Management LLC decreased its position in CSW Industrials, Inc. (NASDAQ:CSWI) by 16.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 6,000 shares of the basic materials company’s stock after selling 1,200 shares during the period. 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.

Other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC boosted its holdings 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 valued at $26,000 after acquiring an additional 36 shares during the period. V Square Quantitative Management LLC bought a new stake in shares of CSW Industrials during the third quarter valued at about $30,000. Contravisory Investment Management Inc. grew its position in CSW Industrials by 48.1% in the 2nd quarter. Contravisory Investment Management Inc. now owns 117 shares of the basic materials company’s stock valued at $31,000 after buying an additional 38 shares in the last quarter. Peterson Financial Group Inc. bought a new stake in shares of CSW Industrials during the 3rd quarter worth about $72,000. Finally, Nisa Investment Advisors LLC increased its stake in shares of CSW Industrials by 508.8% during the third 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 during the period. 82.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CSWI has been the topic of a number of research reports. Citigroup raised CSW Industrials to a “hold” rating in a research note on Wednesday, November 13th. StockNews.com cut shares of CSW Industrials from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Finally, Wells Fargo & Company assumed coverage on shares of CSW Industrials in a report on Monday. They set an “equal weight” rating and a $425.00 target price for the company.

CSW Industrials Stock Performance

NASDAQ CSWI opened at $426.66 on Monday. The firm’s 50 day moving average price is $382.05 and its two-hundred day moving average price is $318.54. The stock 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. CSW Industrials, Inc. has a twelve month low of $172.97 and a twelve month high of $428.46.

CSW Industrials Increases Dividend

The firm also recently disclosed 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 an increase from CSW Industrials’s previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a yield of 0.23%. The ex-dividend date of this dividend was Friday, October 25th. CSW Industrials’s dividend payout ratio is currently 13.04%.

Insiders Place Their Bets

In other news, CEO Joseph B. Armes sold 1,000 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $393.34, for a total transaction of $393,340.00. Following the transaction, the chief executive officer now directly owns 51,698 shares in the company, valued at $20,334,891.32. The trade was a 1.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last ninety days, insiders sold 3,000 shares of company stock worth $1,139,500. 1.40% of the stock is currently owned by company 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.