CSW Industrials, Inc. (NASDAQ:CSWI) Stock Position Decreased by New York Life Investment Management LLC

New York Life Investment Management LLC lessened its holdings in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 3.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,485 shares of the basic materials company’s stock after selling 77 shares during the quarter. New York Life Investment Management LLC’s holdings in CSW Industrials were worth $515,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Fifth Third Bancorp acquired a new position in CSW Industrials during the 4th quarter valued at about $31,000. Cullen Frost Bankers Inc. acquired a new position in CSW Industrials during the 3rd quarter valued at about $51,000. Huntington National Bank boosted its stake 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 valued at $70,000 after purchasing an additional 379 shares during the period. Simplex Trading LLC acquired a new position in CSW Industrials during the 4th quarter valued at about $93,000. Finally, Crewe Advisors LLC acquired a new position in CSW Industrials during the 3rd quarter valued at about $110,000. Institutional investors own 82.79% of the company’s stock.

CSW Industrials Trading Down 0.5 %

CSW Industrials stock opened at $246.72 on Friday. The company has a quick ratio of 1.40, a current ratio of 2.77 and a debt-to-equity ratio of 0.26. The firm has a 50-day moving average price of $235.74 and a two-hundred day moving average price of $212.15. The firm has a market capitalization of $3.83 billion, a price-to-earnings ratio of 39.60, a PEG ratio of 1.99 and a beta of 0.72. CSW Industrials, Inc. has a 52-week low of $132.78 and a 52-week high of $252.14.

CSW Industrials Increases Dividend

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

Insider Activity at CSW Industrials

In other news, CEO Joseph B. Armes sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $232.69, for a total transaction of $232,690.00. Following the sale, the chief executive officer now owns 56,579 shares in the company, valued at $13,165,367.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Don Sullivan sold 7,826 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $230.90, for a total transaction of $1,807,023.40. Following the completion of the sale, the executive vice president now directly owns 28,956 shares of the company’s stock, valued at approximately $6,685,940.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $232.69, for a total transaction of $232,690.00. Following the sale, the chief executive officer now directly owns 56,579 shares of the company’s stock, valued at $13,165,367.51. The disclosure for this sale can be found here. Insiders sold a total of 10,826 shares of company stock valued at $2,502,133 over the last ninety days. Insiders own 1.30% 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.