CSW Industrials, Inc. (NASDAQ:CSWI) Shares Sold by Navellier & Associates Inc.

Navellier & Associates Inc. trimmed its stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 41.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,039 shares of the basic materials company’s stock after selling 721 shares during the quarter. Navellier & Associates Inc.’s holdings in CSW Industrials were worth $381,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Capital World Investors increased its position in shares of CSW Industrials by 956.8% in the first quarter. Capital World Investors now owns 376,573 shares of the basic materials company’s stock worth $88,344,000 after acquiring an additional 340,939 shares in the last quarter. Vanguard Group Inc. grew its position in CSW Industrials by 39.1% during the 1st quarter. Vanguard Group Inc. now owns 1,213,748 shares of the basic materials company’s stock worth $284,745,000 after purchasing an additional 340,904 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in CSW Industrials during the 2nd quarter valued at $65,595,000. Principal Financial Group Inc. raised its stake in CSW Industrials by 1,046.2% during the 3rd quarter. Principal Financial Group Inc. now owns 84,991 shares of the basic materials company’s stock valued at $31,140,000 after purchasing an additional 77,576 shares during the period. Finally, Natixis Advisors LLC purchased a new stake in shares of CSW Industrials in the second quarter valued at $12,424,000. Institutional investors and hedge funds own 82.79% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $404.79, for a total value of $404,790.00. Following the transaction, the chief executive officer now owns 50,698 shares of the company’s stock, valued at $20,522,043.42. This trade represents a 1.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 3,000 shares of company stock valued at $1,139,500 over the last three months. 1.40% of the stock is currently owned by insiders.

CSW Industrials Price Performance

Shares of CSW Industrials stock opened at $426.66 on Friday. The firm has a market cap of $7.17 billion, a price-to-earnings ratio of 57.97, a P/E/G ratio of 3.34 and a beta of 0.78. The stock has a 50-day simple moving average of $380.25 and a 200-day simple moving average of $316.34. CSW Industrials, Inc. has a 52-week low of $172.97 and a 52-week 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 issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, October 25th. This is a boost from CSW Industrials’s previous quarterly dividend of $0.21. This represents a $0.96 dividend on an annualized basis and a yield of 0.23%. CSW Industrials’s dividend payout ratio is currently 13.04%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CSWI. Citigroup raised CSW Industrials to a “hold” rating in a research note on Wednesday, November 13th. StockNews.com downgraded CSW Industrials from a “buy” rating to a “hold” rating in a report on Thursday, November 14th.

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.