King Luther Capital Management Corp Purchases 48 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

King Luther Capital Management Corp grew its position in CSW Industrials, Inc. (NASDAQ:CSWI) by 0.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,861 shares of the basic materials company’s stock after acquiring an additional 48 shares during the period. King Luther Capital Management Corp owned 0.18% of CSW Industrials worth $10,941,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CSWI. GAMMA Investing LLC grew 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 during the period. V Square Quantitative Management LLC acquired a new stake in shares of CSW Industrials in the 3rd quarter valued at about $30,000. Contravisory Investment Management Inc. lifted its holdings 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 purchasing an additional 38 shares in the last quarter. Peterson Financial Group Inc. acquired a new stake in CSW Industrials in the 3rd quarter valued at approximately $72,000. Finally, Nisa Investment Advisors LLC lifted 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 worth $76,000 after purchasing an additional 173 shares in the last quarter. Institutional investors own 82.79% of the company’s stock.

Insider Activity

In other news, CEO Joseph B. Armes sold 1,000 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $341.37, for a total transaction of $341,370.00. Following the completion of the transaction, the chief executive officer now owns 51,579 shares of the company’s stock, valued at approximately $17,607,523.23. The trade was a 1.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders sold 3,000 shares of company stock worth $1,139,500. 1.40% of the stock is currently owned by corporate insiders.

CSW Industrials Stock Up 0.9 %

Shares of NASDAQ:CSWI opened at $415.66 on Friday. The firm has a market cap of $6.99 billion, a PE ratio of 56.48, a PEG ratio of 3.34 and a beta of 0.78. The company’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 12-month low of $172.78 and a 12-month high of $428.46.

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 paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date was Friday, October 25th. This is an increase from CSW Industrials’s previous quarterly dividend of $0.21. CSW Industrials’s payout ratio is 13.04%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CSWI. Citigroup upgraded CSW Industrials to a “hold” rating in a report on Wednesday, November 13th. StockNews.com lowered shares of CSW Industrials from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th.

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.