King Luther Capital Management Corp Raises Position in CSW Industrials, Inc. (NASDAQ:CSWI)

King Luther Capital Management Corp increased its stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 0.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 29,861 shares of the basic materials company’s stock after acquiring an additional 48 shares during the quarter. King Luther Capital Management Corp’s holdings in CSW Industrials were worth $10,941,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. GAMMA Investing LLC lifted its position 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 buying an additional 36 shares in the last quarter. V Square Quantitative Management LLC bought a new position in shares of CSW Industrials during the 3rd quarter worth $30,000. Contravisory Investment Management Inc. boosted its position in CSW Industrials by 48.1% during the second quarter. Contravisory Investment Management Inc. now owns 117 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 38 shares during the period. Peterson Financial Group Inc. bought a new position in CSW Industrials in the 3rd quarter worth approximately $72,000. Finally, Nisa Investment Advisors LLC grew its position in shares of 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 purchasing an additional 173 shares in the last quarter. 82.79% of the stock is currently owned by institutional investors.

Insider Transactions at CSW Industrials

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $404.79, for a total transaction of $404,790.00. Following the sale, the chief executive officer now owns 50,698 shares in the company, valued at approximately $20,522,043.42. This trade represents a 1.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 3,000 shares of company stock worth $1,139,500 over the last quarter. 1.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

CSWI has been the subject of several recent analyst reports. StockNews.com cut shares of CSW Industrials from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Citigroup raised CSW Industrials to a “hold” rating in a report on Wednesday, November 13th.

CSW Industrials Stock Performance

CSWI stock opened at $415.66 on Friday. The company has a market capitalization of $6.99 billion, a price-to-earnings ratio of 56.48, a price-to-earnings-growth ratio of 3.34 and a beta of 0.78. The business’s 50 day moving average price is $378.50 and its two-hundred day moving average price is $315.65. CSW Industrials, Inc. has a fifty-two week low of $172.78 and a fifty-two week high of $428.46.

CSW Industrials Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 25th were issued a $0.24 dividend. 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 dividend on an annualized basis and a dividend yield of 0.23%. CSW Industrials’s dividend payout ratio (DPR) is presently 13.04%.

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.