Victory Capital Management Inc. Sells 96 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

Victory Capital Management Inc. lowered its position in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 1.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,370 shares of the basic materials company’s stock after selling 96 shares during the quarter. Victory Capital Management Inc.’s holdings in CSW Industrials were worth $3,067,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC grew its stake in shares of CSW Industrials by 105.9% during the third quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 36 shares during the period. V Square Quantitative Management LLC acquired a new stake in shares of CSW Industrials during the third quarter worth $30,000. Contravisory Investment Management Inc. grew its stake 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 worth $31,000 after purchasing an additional 38 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of CSW Industrials by 508.8% during the third quarter. Nisa Investment Advisors LLC now owns 207 shares of the basic materials company’s stock worth $76,000 after purchasing an additional 173 shares during the period. Finally, Covestor Ltd grew its stake in shares of CSW Industrials by 17.4% during the third quarter. Covestor Ltd now owns 263 shares of the basic materials company’s stock worth $96,000 after purchasing an additional 39 shares during the period. Institutional investors own 82.79% of the company’s stock.

CSW Industrials Trading Up 2.6 %

NASDAQ:CSWI opened at $426.66 on Friday. CSW Industrials, Inc. has a 1 year low of $172.97 and a 1 year high of $428.46. The stock has a market cap of $7.18 billion, a price-to-earnings ratio of 57.97, a PEG ratio of 3.33 and a beta of 0.78. The stock has a 50-day moving average price of $382.05 and a two-hundred day moving average price of $317.58.

CSW Industrials Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 25th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.23%. This is a boost from CSW Industrials’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Friday, October 25th. CSW Industrials’s payout ratio is presently 13.04%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Citigroup raised CSW Industrials to a “hold” rating in a research note on Wednesday, November 13th. StockNews.com cut CSW Industrials from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th.

Insider Transactions at CSW Industrials

In other news, CEO Joseph B. Armes sold 1,000 shares of the company’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 completion of the transaction, the chief executive officer now directly owns 51,698 shares of the company’s stock, valued at $20,334,891.32. This represents a 1.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 3,000 shares of company stock valued at $1,139,500 over the last three months. Company insiders own 1.40% of the company’s stock.

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.