Los Angeles Capital Management LLC Lowers Stock Position in CSW Industrials, Inc. (NASDAQ:CSWI)

Los Angeles Capital Management LLC decreased its holdings in CSW Industrials, Inc. (NASDAQ:CSWI) by 35.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,928 shares of the basic materials company’s stock after selling 2,680 shares during the quarter. Los Angeles Capital Management LLC’s holdings in CSW Industrials were worth $1,022,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Fifth Third Bancorp acquired a new stake in shares of CSW Industrials during the fourth quarter worth about $31,000. Cullen Frost Bankers Inc. acquired a new stake in CSW Industrials during the 3rd quarter worth approximately $51,000. Huntington National Bank lifted its position in CSW Industrials by 1,722.7% during the 3rd quarter. Huntington National Bank now owns 401 shares of the basic materials company’s stock worth $70,000 after acquiring an additional 379 shares during the period. Simplex Trading LLC purchased a new position in shares of CSW Industrials in the 4th quarter valued at approximately $93,000. Finally, Crewe Advisors LLC acquired a new position in shares of CSW Industrials in the third quarter valued at approximately $110,000. Institutional investors and hedge funds own 82.79% of the company’s stock.

CSW Industrials Price Performance

Shares of NASDAQ CSWI opened at $246.72 on Friday. The stock has a fifty day moving average price of $235.74 and a 200 day moving average price of $212.15. CSW Industrials, Inc. has a 1-year low of $132.78 and a 1-year high of $252.14. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.77 and a quick ratio of 1.40. The company has a market cap of $3.83 billion, a PE ratio of 39.60, a P/E/G ratio of 1.99 and a beta of 0.72.

CSW Industrials Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 26th will be issued a $0.21 dividend. This is an increase from CSW Industrials’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, April 25th. This represents a $0.84 annualized dividend and a dividend yield of 0.34%. CSW Industrials’s payout ratio is presently 13.48%.

Insider Transactions at CSW Industrials

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $232.36, for a total value of $232,360.00. Following the sale, the chief executive officer now owns 50,997 shares of the company’s stock, valued at approximately $11,849,662.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $232.36, for a total value of $232,360.00. Following the completion of the sale, the chief executive officer now directly owns 50,997 shares of the company’s stock, valued at approximately $11,849,662.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Don Sullivan sold 7,826 shares of CSW Industrials stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $230.90, for a total value of $1,807,023.40. Following the completion of the sale, the executive vice president now owns 28,956 shares in the company, valued at $6,685,940.40. The disclosure for this sale can be found here. Insiders have sold a total of 10,826 shares of company stock worth $2,502,133 over the last ninety days. 1.30% of the stock is currently owned by company insiders.

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.