Laurus Investment Counsel Inc. Has $5.58 Million Position in CSW Industrials, Inc. (NASDAQ:CSWI)

Laurus Investment Counsel Inc. lessened its stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 10.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,240 shares of the basic materials company's stock after selling 1,710 shares during the quarter. CSW Industrials accounts for about 2.9% of Laurus Investment Counsel Inc.'s investment portfolio, making the stock its 11th largest position. Laurus Investment Counsel Inc. owned 0.10% of CSW Industrials worth $5,584,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of CSWI. GAMMA Investing LLC grew its stake in CSW Industrials by 105.9% during the third 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 last quarter. V Square Quantitative Management LLC bought a new stake in CSW Industrials during the 3rd quarter worth approximately $30,000. Contravisory Investment Management Inc. grew its position in CSW Industrials by 48.1% during the 2nd quarter. Contravisory Investment Management Inc. now owns 117 shares of the basic materials company's stock worth $31,000 after acquiring an additional 38 shares during the last quarter. Harbor Investment Advisory LLC acquired a new stake in CSW Industrials during the 1st quarter valued at $58,000. Finally, USA Financial Formulas bought a new position in CSW Industrials in the 3rd quarter valued at $119,000. Institutional investors and hedge funds own 82.79% of the company's stock.

CSW Industrials Price Performance

Shares of CSW Industrials stock traded up $0.47 during midday trading on Friday, reaching $391.63. The company had a trading volume of 78,243 shares, compared to its average volume of 128,589. The company has a current ratio of 2.73, a quick ratio of 1.44 and a debt-to-equity ratio of 0.18. The stock has a fifty day simple moving average of $343.87 and a 200 day simple moving average of $290.45. CSW Industrials, Inc. has a 1-year low of $167.27 and a 1-year high of $398.80. The company has a market capitalization of $6.08 billion, a price-to-earnings ratio of 59.97, a price-to-earnings-growth ratio of 2.99 and a beta of 0.77.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last released its earnings results on Wednesday, July 31st. The basic materials company reported $2.47 EPS for the quarter, beating the consensus estimate of $2.18 by $0.29. CSW Industrials had a return on equity of 19.19% and a net margin of 13.44%. The company had revenue of $226.18 million during the quarter, compared to analysts' expectations of $215.40 million. During the same period last year, the firm earned $1.97 EPS. As a group, equities research analysts forecast that CSW Industrials, Inc. will post 8.42 earnings per share for the current year.

CSW Industrials Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, October 25th will be issued a dividend of $0.24 per share. This is a boost from CSW Industrials's previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a yield of 0.25%. The ex-dividend date of this dividend is Friday, October 25th. CSW Industrials's payout ratio is currently 14.70%.

Insider Activity

In related news, CEO Joseph B. Armes sold 1,000 shares of the business's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $341.37, for a total transaction of $341,370.00. Following the completion of the sale, the chief executive officer now directly owns 51,579 shares of the company's stock, valued at $17,607,523.23. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.40% of the company's stock.

Wall Street Analyst Weigh In

CSWI has been the topic of several research analyst reports. CL King began coverage on CSW Industrials in a report on Friday, June 21st. They set a "buy" rating on the stock. StockNews.com lowered shares of CSW Industrials from a "buy" rating to a "hold" rating in a report on Tuesday, September 17th.

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.