Avior Wealth Management LLC Sells 98 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

Avior Wealth Management LLC trimmed its stake in CSW Industrials, Inc. (NASDAQ:CSWI) by 5.4% in the fourth quarter, Holdings Channel reports. The firm owned 1,720 shares of the basic materials company’s stock after selling 98 shares during the quarter. Avior Wealth Management LLC’s holdings in CSW Industrials were worth $607,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Anchor Investment Management LLC grew its stake in shares of CSW Industrials by 2.5% in the third quarter. Anchor Investment Management LLC now owns 1,287 shares of the basic materials company’s stock valued at $472,000 after buying an additional 32 shares in the last quarter. Hsbc Holdings PLC grew its position in shares of CSW Industrials by 2.0% in the 2nd quarter. Hsbc Holdings PLC now owns 1,743 shares of the basic materials company’s stock valued at $461,000 after acquiring an additional 34 shares during the period. Xponance Inc. increased its stake in shares of CSW Industrials by 3.7% during the 2nd quarter. Xponance Inc. now owns 976 shares of the basic materials company’s stock worth $259,000 after purchasing an additional 35 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of CSW Industrials by 105.9% during the 3rd 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 last quarter. Finally, Morse Asset Management Inc raised its holdings in shares of CSW Industrials by 2.3% in the 3rd quarter. Morse Asset Management Inc now owns 1,621 shares of the basic materials company’s stock valued at $594,000 after purchasing an additional 36 shares during the period. Institutional investors and hedge funds own 82.79% of the company’s stock.

Analyst Upgrades and Downgrades

CSWI has been the topic of a number of recent analyst reports. Wells Fargo & Company lowered their price target on CSW Industrials from $425.00 to $410.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 17th. StockNews.com raised CSW Industrials from a “hold” rating to a “buy” rating in a report on Friday, December 6th. Citigroup dropped their price target on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th. Finally, The Goldman Sachs Group reduced their price objective on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $404.67.

CSW Industrials Trading Down 3.7 %

CSW Industrials stock opened at $367.00 on Friday. The company has a market capitalization of $6.17 billion, a price-to-earnings ratio of 49.86 and a beta of 0.85. CSW Industrials, Inc. has a 12 month low of $203.83 and a 12 month high of $436.50. The stock’s 50 day moving average is $385.62 and its 200-day moving average is $356.94.

CSW Industrials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.26%. The ex-dividend date is Friday, January 31st. CSW Industrials’s payout ratio is 13.04%.

Insiders Place Their Bets

In other news, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $389.78, for a total transaction of $389,780.00. Following the transaction, the chief executive officer now directly owns 49,698 shares of the company’s stock, valued at approximately $19,371,286.44. This trade represents a 1.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Luke Alverson sold 1,416 shares of CSW Industrials stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $387.15, for a total transaction of $548,204.40. Following the completion of the sale, the senior vice president now owns 17,156 shares of the company’s stock, valued at approximately $6,641,945.40. The trade was a 7.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,903 shares of company stock worth $3,777,538 in the last 90 days. 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.