State of New Jersey Common Pension Fund D Decreases Stock Position in CSW Industrials, Inc. (NASDAQ:CSWI)

State of New Jersey Common Pension Fund D reduced its holdings in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 16.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,076 shares of the basic materials company’s stock after selling 1,181 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in CSW Industrials were worth $2,226,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the business. GAMMA Investing LLC boosted 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 valued at $26,000 after acquiring an additional 36 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of CSW Industrials during the third quarter worth about $30,000. Contravisory Investment Management Inc. raised its position in shares of CSW Industrials by 48.1% in the second quarter. Contravisory Investment Management Inc. now owns 117 shares of the basic materials company’s stock valued at $31,000 after buying an additional 38 shares during the last quarter. Nisa Investment Advisors LLC lifted 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 valued at $76,000 after buying an additional 173 shares during the period. Finally, Covestor Ltd boosted its position in 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 acquiring an additional 39 shares during the last quarter. Hedge funds and other institutional investors own 82.79% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded CSW Industrials from a “buy” rating to a “hold” rating in a report on Thursday.

CSW Industrials Price Performance

CSWI opened at $407.79 on Friday. CSW Industrials, Inc. has a 12 month low of $167.81 and a 12 month high of $428.46. The business has a 50-day moving average of $368.05 and a two-hundred day moving average of $309.72. The stock has a market capitalization of $6.86 billion, a price-to-earnings ratio of 55.41, a price-to-earnings-growth ratio of 3.35 and a beta of 0.78.

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 given a dividend of $0.24 per share. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.21. The ex-dividend date was Friday, October 25th. This represents a $0.96 annualized dividend and a yield of 0.24%. CSW Industrials’s dividend payout ratio is 13.04%.

Insiders Place Their Bets

In other news, CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now directly owns 51,698 shares in the company, valued at $20,334,891.32. This represents a 1.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.40% of the stock is currently owned by insiders.

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.