Segall Bryant & Hamill LLC Trims Position in CSW Industrials, Inc. (NASDAQ:CSWI)

Segall Bryant & Hamill LLC trimmed its holdings in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 3.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,484 shares of the basic materials company’s stock after selling 875 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.13% of CSW Industrials worth $7,872,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in CSW Industrials during the third quarter valued at $2,305,000. Pathstone Holdings LLC lifted its holdings in shares of CSW Industrials by 12.6% in the 3rd quarter. Pathstone Holdings LLC now owns 6,070 shares of the basic materials company’s stock valued at $2,224,000 after buying an additional 679 shares during the period. Thrivent Financial for Lutherans boosted its stake in shares of CSW Industrials by 40.3% in the third quarter. Thrivent Financial for Lutherans now owns 28,423 shares of the basic materials company’s stock worth $10,414,000 after buying an additional 8,161 shares during the last quarter. Peterson Financial Group Inc. purchased a new stake in shares of CSW Industrials in the third quarter worth about $72,000. Finally, Mutual of America Capital Management LLC acquired a new stake in CSW Industrials during the third quarter worth about $916,000. 82.79% of the stock is owned by hedge funds and other institutional investors.

CSW Industrials Stock Up 0.9 %

NASDAQ:CSWI opened at $415.66 on Friday. The stock has a market capitalization of $6.99 billion, a PE ratio of 56.48, a price-to-earnings-growth ratio of 3.34 and a beta of 0.78. The stock’s 50-day moving average price is $378.50 and its 200-day moving average price is $315.65. CSW Industrials, Inc. has a 52 week low of $172.78 and a 52 week high of $428.46.

CSW Industrials Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 25th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.23%. This is an increase from CSW Industrials’s previous quarterly dividend of $0.21. The ex-dividend date was Friday, October 25th. CSW Industrials’s dividend payout ratio (DPR) is presently 13.04%.

Analyst Upgrades and Downgrades

CSWI has been the subject of a number of analyst reports. Citigroup raised CSW Industrials to a “hold” rating in a report 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.

Insider Activity at CSW Industrials

In related news, CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $341.37, for a total transaction of $341,370.00. Following the completion of the sale, the chief executive officer now owns 51,579 shares of the company’s stock, valued at approximately $17,607,523.23. This represents a 1.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders have sold 3,000 shares of company stock valued at $1,139,500. 1.40% of the stock is owned by corporate insiders.

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.