Segall Bryant & Hamill LLC Cuts Stock Holdings in CSW Industrials, Inc. (NASDAQ:CSWI)

Segall Bryant & Hamill LLC lowered its stake in CSW Industrials, Inc. (NASDAQ:CSWI) by 3.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,484 shares of the basic materials company’s stock after selling 875 shares during the period. Segall Bryant & Hamill LLC’s holdings in CSW Industrials were worth $7,872,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in CSWI. GAMMA Investing LLC lifted its holdings in CSW Industrials by 105.9% during the 3rd quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company’s stock worth $26,000 after buying an additional 36 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in shares of CSW Industrials during the third quarter worth approximately $30,000. Contravisory Investment Management Inc. increased its stake 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 in the 3rd quarter valued at about $72,000. Finally, Nisa Investment Advisors LLC increased its holdings in shares of CSW Industrials by 508.8% in the third quarter. Nisa Investment Advisors LLC now owns 207 shares of the basic materials company’s stock valued at $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.

Insider Activity

In other news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction dated 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. This represents a 1.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders 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.

CSW Industrials Price Performance

NASDAQ:CSWI opened at $415.66 on Friday. The firm has a market cap of $6.99 billion, a PE ratio of 56.48, a P/E/G ratio of 3.34 and a beta of 0.78. The firm has a 50 day simple moving average of $378.50 and a 200-day simple moving average of $315.65. CSW Industrials, Inc. has a 1-year low of $172.78 and a 1-year high of $428.46.

CSW Industrials Increases Dividend

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

Analyst Ratings Changes

Several analysts have recently commented on CSWI shares. StockNews.com cut shares of CSW Industrials from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Citigroup upgraded shares of CSW Industrials to a “hold” rating in a research note on Wednesday, November 13th.

CSW Industrials 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.