King Luther Capital Management Corp Sells 1,274 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

King Luther Capital Management Corp decreased its position in CSW Industrials, Inc. (NASDAQ:CSWI) by 4.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,813 shares of the basic materials company’s stock after selling 1,274 shares during the period. King Luther Capital Management Corp owned approximately 0.19% of CSW Industrials worth $7,910,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Contravisory Investment Management Inc. increased its holdings in shares of CSW Industrials by 48.1% in the 2nd 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 in the last quarter. Harbor Investment Advisory LLC bought a new position in CSW Industrials during the 1st quarter valued at about $58,000. SG Americas Securities LLC purchased a new stake in shares of CSW Industrials during the 1st quarter valued at about $148,000. Russell Investments Group Ltd. grew its stake in shares of CSW Industrials by 20,750.0% in the first quarter. Russell Investments Group Ltd. now owns 834 shares of the basic materials company’s stock worth $196,000 after acquiring an additional 830 shares during the period. Finally, TCI Wealth Advisors Inc. bought a new stake in shares of CSW Industrials in the first quarter worth approximately $202,000. 82.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $285.79, for a total transaction of $285,790.00. Following the completion of the sale, the chief executive officer now owns 53,579 shares of the company’s stock, valued at $15,312,342.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.40% of the stock is owned by insiders.

CSW Industrials Trading Down 0.2 %

Shares of NASDAQ:CSWI opened at $358.56 on Friday. The stock’s 50-day simple moving average is $313.26 and its two-hundred day simple moving average is $270.57. The stock has a market capitalization of $5.57 billion, a price-to-earnings ratio of 54.91, a PEG ratio of 2.52 and a beta of 0.77. CSW Industrials, Inc. has a 52-week low of $167.27 and a 52-week high of $366.45. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.44 and a current ratio of 2.73.

CSW Industrials (NASDAQ:CSWI) last announced its earnings results on Wednesday, July 31st. The basic materials company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.18 by $0.29. CSW Industrials had a net margin of 13.44% and a return on equity of 19.19%. The company had revenue of $226.18 million during the quarter, compared to analyst estimates of $215.40 million. During the same period in the previous year, the business posted $1.97 earnings per share. Analysts expect that CSW Industrials, Inc. will post 8.45 EPS for the current year.

CSW Industrials Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, July 26th. This represents a $0.84 annualized dividend and a dividend yield of 0.23%. CSW Industrials’s dividend payout ratio (DPR) is 12.86%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CSWI. CL King initiated coverage on shares of CSW Industrials in a research report on Friday, June 21st. They set a “buy” rating on the stock. StockNews.com cut CSW Industrials from a “buy” rating to a “hold” rating in a report on Tuesday.

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.