Oppenheimer Asset Management Inc. Sells 2,082 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

Oppenheimer Asset Management Inc. lessened its stake in CSW Industrials, Inc. (NASDAQ:CSWI) by 18.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,294 shares of the basic materials company’s stock after selling 2,082 shares during the period. Oppenheimer Asset Management Inc.’s holdings in CSW Industrials were worth $3,405,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CSWI. WCM Investment Management LLC boosted its holdings in shares of CSW Industrials by 3.8% in the 3rd quarter. WCM Investment Management LLC now owns 79,553 shares of the basic materials company’s stock worth $29,412,000 after purchasing an additional 2,945 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in CSW Industrials in the third quarter worth approximately $349,000. Covestor Ltd grew its position in CSW Industrials by 17.4% during the third quarter. Covestor Ltd now owns 263 shares of the basic materials company’s stock valued at $96,000 after acquiring an additional 39 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of CSW Industrials during the third quarter worth approximately $208,000. Finally, Bridges Investment Management Inc. purchased a new position in shares of CSW Industrials during the third quarter worth approximately $210,000. Institutional investors own 82.79% of the company’s stock.

CSW Industrials Stock Performance

Shares of CSWI stock opened at $403.98 on Friday. The company has a market capitalization of $6.79 billion, a P/E ratio of 54.89, a PEG ratio of 3.32 and a beta of 0.78. CSW Industrials, Inc. has a fifty-two week low of $167.81 and a fifty-two week high of $428.46. The stock has a 50 day moving average price of $370.37 and a two-hundred day moving average price of $310.40.

CSW Industrials Increases Dividend

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

Insider Buying and Selling at CSW Industrials

In related news, CEO Joseph B. Armes sold 1,000 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $393.34, for a total transaction of $393,340.00. Following the transaction, the chief executive officer now owns 51,698 shares in the company, valued at $20,334,891.32. The trade was a 1.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 3,000 shares of company stock valued at $1,139,500 in the last quarter. Company insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. StockNews.com lowered shares of CSW Industrials from a “buy” rating to a “hold” rating in a report on Thursday. Citigroup raised CSW Industrials to a “hold” rating in a research note on Wednesday.

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.