Los Angeles Capital Management LLC Sells 30 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

Los Angeles Capital Management LLC lessened its stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 0.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,533 shares of the basic materials company’s stock after selling 30 shares during the period. Los Angeles Capital Management LLC’s holdings in CSW Industrials were worth $1,661,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of CSWI. Hsbc Holdings PLC lifted its stake in CSW Industrials by 2.0% in the 2nd quarter. Hsbc Holdings PLC now owns 1,743 shares of the basic materials company’s stock worth $461,000 after purchasing an additional 34 shares in the last quarter. Xponance Inc. raised its holdings in CSW Industrials by 3.7% during the 2nd quarter. Xponance Inc. now owns 976 shares of the basic materials company’s stock valued at $259,000 after buying an additional 35 shares during the last quarter. GAMMA Investing LLC grew its position in shares of CSW Industrials by 105.9% in 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. Contravisory Investment Management Inc. boosted its position in shares of CSW Industrials by 48.1% during 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 in the last quarter. Finally, Covestor Ltd boosted its position in shares of CSW Industrials by 17.4% in the 3rd quarter. Covestor Ltd now owns 263 shares of the basic materials company’s stock worth $96,000 after purchasing an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 82.79% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of CSW Industrials from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th.

CSW Industrials Trading Down 0.8 %

NASDAQ CSWI opened at $414.55 on Thursday. The stock has a market cap of $6.97 billion, a PE ratio of 56.32, a P/E/G ratio of 3.35 and a beta of 0.78. CSW Industrials, Inc. has a 12 month low of $167.81 and a 12 month high of $428.46. The stock’s 50 day moving average is $368.05 and its 200 day moving average is $309.72.

CSW Industrials Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, October 25th were given a $0.24 dividend. 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 0.23%. The ex-dividend date of this dividend was Friday, October 25th. CSW Industrials’s dividend payout ratio is 13.04%.

Insider Buying and Selling at CSW Industrials

In other news, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $20,334,891.32. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.40% of the stock is currently owned by corporate 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.