Integrated Wealth Concepts LLC Sells 155 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

Integrated Wealth Concepts LLC trimmed its stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 13.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 981 shares of the basic materials company’s stock after selling 155 shares during the period. Integrated Wealth Concepts LLC’s holdings in CSW Industrials were worth $359,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. HighTower Advisors LLC grew its holdings in CSW Industrials by 1.4% during the 3rd quarter. HighTower Advisors LLC now owns 3,524 shares of the basic materials company’s stock valued at $1,279,000 after buying an additional 47 shares in the last quarter. Erste Asset Management GmbH bought a new position in shares of CSW Industrials during the 3rd quarter valued at approximately $651,000. Fred Alger Management LLC grew its holdings in shares of CSW Industrials by 109.4% in the third quarter. Fred Alger Management LLC now owns 27,954 shares of the basic materials company’s stock valued at $10,242,000 after purchasing an additional 14,607 shares in the last quarter. Verition Fund Management LLC purchased a new stake in CSW Industrials during the third quarter valued at $237,000. Finally, Captrust Financial Advisors lifted its position in CSW Industrials by 11.5% during the third quarter. Captrust Financial Advisors now owns 1,097 shares of the basic materials company’s stock valued at $402,000 after purchasing an additional 113 shares during the last quarter. 82.79% of the stock is currently owned by institutional investors.

Insider Activity 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 1.90 % 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. Insiders sold 3,000 shares of company stock worth $1,139,500 in the last 90 days. 1.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on CSWI. Wells Fargo & Company started coverage on shares of CSW Industrials in a research report on Monday, November 25th. They set an “equal weight” rating and a $425.00 target price on the stock. The Goldman Sachs Group initiated coverage on CSW Industrials in a research report on Friday, December 6th. They set a “neutral” rating and a $450.00 price objective on the stock. Citigroup upgraded CSW Industrials to a “hold” rating in a report on Wednesday, November 13th. Finally, StockNews.com upgraded CSW Industrials from a “hold” rating to a “buy” rating in a research report on Friday, December 6th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $437.50.

CSW Industrials Price Performance

Shares of NASDAQ:CSWI opened at $400.34 on Thursday. The business has a 50 day simple moving average of $396.05 and a two-hundred day simple moving average of $333.20. CSW Industrials, Inc. has a 1 year low of $188.10 and a 1 year high of $436.50. The firm has a market capitalization of $6.73 billion, a PE ratio of 54.39 and a beta of 0.81.

CSW Industrials Increases Dividend

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

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.