Symphony Financial Ltd. Co. Buys 116 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

Symphony Financial Ltd. Co. increased its holdings in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 9.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,326 shares of the basic materials company’s stock after acquiring an additional 116 shares during the period. Symphony Financial Ltd. Co.’s holdings in CSW Industrials were worth $490,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC boosted 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 acquiring an additional 36 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in CSW Industrials in the third quarter worth about $30,000. Contravisory Investment Management Inc. raised its holdings in CSW Industrials by 48.1% in the second quarter. Contravisory Investment Management Inc. now owns 117 shares of the basic materials company’s stock worth $31,000 after buying an additional 38 shares during the last quarter. Harbor Investment Advisory LLC purchased a new position in CSW Industrials in the first quarter worth about $58,000. Finally, Blue Trust Inc. raised its holdings in CSW Industrials by 2,518.2% in the third quarter. Blue Trust Inc. now owns 288 shares of the basic materials company’s stock worth $106,000 after buying an additional 277 shares during the last quarter. Institutional investors own 82.79% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of CSW Industrials from a “buy” rating to a “hold” rating in a report on Tuesday, September 17th.

Insider Buying and Selling at CSW Industrials

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the company’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 approximately $17,607,523.23. This represents a 0.00 % decrease in their ownership of the stock. The sale 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 corporate insiders.

CSW Industrials Stock Down 0.7 %

CSWI opened at $389.85 on Wednesday. The company has a quick ratio of 1.44, a current ratio of 2.73 and a debt-to-equity ratio of 0.18. The firm has a 50 day moving average price of $347.39 and a 200-day moving average price of $293.53. CSW Industrials, Inc. has a twelve month low of $167.27 and a twelve month high of $398.80. The stock has a market capitalization of $6.06 billion, a price-to-earnings ratio of 59.70, a PEG ratio of 2.99 and a beta of 0.77.

CSW Industrials (NASDAQ:CSWI) last released its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $2.47 earnings per share 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 during the quarter, compared to analysts’ expectations of $215.40 million. During the same period in the previous year, the company earned $1.97 earnings per share. Equities research analysts forecast that CSW Industrials, Inc. will post 8.42 earnings per share for the current year.

CSW Industrials Increases Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date is Friday, October 25th. CSW Industrials’s dividend payout ratio is currently 14.70%.

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.