Tributary Capital Management LLC Sells 28,867 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

Tributary Capital Management LLC cut its position in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 30.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 66,250 shares of the basic materials company’s stock after selling 28,867 shares during the period. CSW Industrials accounts for about 1.8% of Tributary Capital Management LLC’s investment portfolio, making the stock its 19th largest holding. Tributary Capital Management LLC’s holdings in CSW Industrials were worth $23,373,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of CSWI. GAMMA Investing LLC increased its position 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 purchasing an additional 36 shares during the period. National Bank of Canada FI bought a new stake in CSW Industrials in the third quarter valued at $28,000. V Square Quantitative Management LLC bought a new stake in CSW Industrials in the third quarter valued at $30,000. Peterson Financial Group Inc. bought a new stake in CSW Industrials in the third quarter valued at $72,000. Finally, Nisa Investment Advisors LLC grew its position in CSW Industrials by 508.8% in the third quarter. Nisa Investment Advisors LLC now owns 207 shares of the basic materials company’s stock valued at $76,000 after acquiring an additional 173 shares during the period. 82.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

CSW Industrials Stock Down 3.7 %

Shares of CSWI opened at $367.00 on Friday. CSW Industrials, Inc. has a 12-month low of $203.83 and a 12-month high of $436.50. The firm has a market capitalization of $6.17 billion, a PE ratio of 49.86 and a beta of 0.85. The stock’s fifty day simple moving average is $385.62 and its 200-day simple moving average is $356.34.

CSW Industrials Dividend Announcement

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

Insider Activity

In other news, CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $404.79, for a total transaction of $404,790.00. Following the transaction, the chief executive officer now owns 50,698 shares of the company’s stock, valued at $20,522,043.42. This represents a 1.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Don Sullivan sold 1,965 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $387.15, for a total value of $760,749.75. Following the completion of the sale, the executive vice president now owns 30,804 shares of the company’s stock, valued at $11,925,768.60. This represents a 6.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,903 shares of company stock valued at $3,777,538 over the last 90 days. 1.40% of the stock is owned by company insiders.

CSW Industrials 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.