Laurus Investment Counsel Inc. Sells 1,710 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

Laurus Investment Counsel Inc. reduced its stake in CSW Industrials, Inc. (NASDAQ:CSWI) by 10.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,240 shares of the basic materials company’s stock after selling 1,710 shares during the period. CSW Industrials accounts for approximately 2.9% of Laurus Investment Counsel Inc.’s holdings, making the stock its 11th largest holding. Laurus Investment Counsel Inc.’s holdings in CSW Industrials were worth $5,584,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. CANADA LIFE ASSURANCE Co lifted its holdings in CSW Industrials by 272.4% during the first quarter. CANADA LIFE ASSURANCE Co now owns 7,344 shares of the basic materials company’s stock worth $1,720,000 after acquiring an additional 5,372 shares in the last quarter. Congress Asset Management Co. MA grew its holdings in shares of CSW Industrials by 2,254.1% during the first quarter. Congress Asset Management Co. MA now owns 189,297 shares of the basic materials company’s stock worth $44,409,000 after buying an additional 181,256 shares in the last quarter. Congress Wealth Management LLC DE raised its position in CSW Industrials by 690.6% in the 1st quarter. Congress Wealth Management LLC DE now owns 28,905 shares of the basic materials company’s stock valued at $6,781,000 after buying an additional 25,249 shares during the last quarter. Capital World Investors lifted its stake in CSW Industrials by 956.8% in the 1st quarter. Capital World Investors now owns 376,573 shares of the basic materials company’s stock valued at $88,344,000 after acquiring an additional 340,939 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in CSW Industrials by 39.1% during the 1st quarter. Vanguard Group Inc. now owns 1,213,748 shares of the basic materials company’s stock worth $284,745,000 after acquiring an additional 340,904 shares during the last quarter. 82.79% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $393.34, for a total value of $393,340.00. Following the completion of the transaction, the chief executive officer now owns 51,698 shares of the company’s stock, valued at $20,334,891.32. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.40% of the company’s stock.

CSW Industrials Stock Up 0.4 %

CSWI stock traded up $1.37 during midday trading on Friday, hitting $392.53. The company’s stock had a trading volume of 23,892 shares, compared to its average volume of 128,303. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.73 and a quick ratio of 1.44. CSW Industrials, Inc. has a twelve month low of $167.27 and a twelve month high of $398.80. The company’s fifty day moving average price is $342.13 and its 200 day moving average price is $289.34. The stock has a market capitalization of $6.10 billion, a P/E ratio of 60.13, a PEG ratio of 2.99 and a beta of 0.77.

CSW Industrials (NASDAQ:CSWI) last issued its quarterly 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 firm had revenue of $226.18 million for the quarter, compared to analyst estimates of $215.40 million. During the same period in the previous year, the business earned $1.97 EPS. As a group, equities research analysts predict that CSW Industrials, Inc. will post 8.42 EPS for the current year.

CSW Industrials Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, October 25th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date of this dividend is Friday, October 25th. This is an increase from CSW Industrials’s previous quarterly dividend of $0.21. CSW Industrials’s dividend payout ratio (DPR) is 14.70%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CSWI. StockNews.com downgraded shares of CSW Industrials from a “buy” rating to a “hold” rating in a report on Tuesday, September 17th. CL King initiated coverage on shares of CSW Industrials in a research note on Friday, June 21st. They issued a “buy” rating on the stock.

CSW Industrials Company 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.