King Luther Capital Management Corp Boosts Stock Holdings in CSW Industrials, Inc. (NASDAQ:CSWI)

King Luther Capital Management Corp grew its stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 1.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,801 shares of the basic materials company’s stock after buying an additional 540 shares during the quarter. King Luther Capital Management Corp owned 0.20% of CSW Industrials worth $6,388,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Conestoga Capital Advisors LLC increased its position in shares of CSW Industrials by 81.5% in the fourth quarter. Conestoga Capital Advisors LLC now owns 398,680 shares of the basic materials company’s stock valued at $82,690,000 after acquiring an additional 178,962 shares during the period. Assenagon Asset Management S.A. increased its holdings in CSW Industrials by 195.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 54,242 shares of the basic materials company’s stock valued at $9,505,000 after purchasing an additional 35,887 shares during the period. Great Lakes Advisors LLC purchased a new position in CSW Industrials during the 3rd quarter valued at about $4,836,000. Northern Trust Corp lifted its holdings in CSW Industrials by 14.1% in the 3rd quarter. Northern Trust Corp now owns 192,084 shares of the basic materials company’s stock worth $33,661,000 after buying an additional 23,726 shares during the period. Finally, Raymond James & Associates lifted its holdings in CSW Industrials by 508.5% in the 4th quarter. Raymond James & Associates now owns 20,701 shares of the basic materials company’s stock worth $4,294,000 after buying an additional 17,299 shares during the period. Hedge funds and other institutional investors own 82.79% of the company’s stock.

Insider Buying and Selling

In other news, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $232.69, for a total value of $232,690.00. Following the completion of the transaction, the chief executive officer now owns 56,579 shares in the company, valued at approximately $13,165,367.51. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $232.69, for a total value of $232,690.00. Following the completion of the transaction, the chief executive officer now directly owns 56,579 shares in the company, valued at approximately $13,165,367.51. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Don Sullivan sold 7,826 shares of CSW Industrials stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $230.90, for a total transaction of $1,807,023.40. Following the transaction, the executive vice president now directly owns 28,956 shares of the company’s stock, valued at $6,685,940.40. The disclosure for this sale can be found here. Insiders sold a total of 9,826 shares of company stock valued at $2,269,773 over the last three months. Corporate insiders own 1.30% of the company’s stock.

CSW Industrials Trading Up 5.3 %

CSWI stock traded up $13.21 on Thursday, reaching $260.74. The company’s stock had a trading volume of 47,130 shares, compared to its average volume of 89,942. The firm has a market cap of $4.05 billion, a PE ratio of 41.93, a PEG ratio of 2.05 and a beta of 0.72. The business has a fifty day simple moving average of $237.71 and a two-hundred day simple moving average of $216.64. CSW Industrials, Inc. has a 12-month low of $132.78 and a 12-month high of $261.31. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 2.77.

CSW Industrials Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Friday, April 26th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, April 25th. This represents a $0.84 annualized dividend and a dividend yield of 0.32%. This is a boost from CSW Industrials’s previous quarterly dividend of $0.19. CSW Industrials’s payout ratio is currently 13.48%.

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.