CSW Industrials, Inc. (NYSE:CSW) Shares Sold by Annandale Capital LLC

Annandale Capital LLC lowered its position in CSW Industrials, Inc. (NYSE:CSW) by 2.4% in the first quarter, Holdings Channel.com reports. The firm owned 3,611 shares of the basic materials company’s stock after selling 88 shares during the quarter. Annandale Capital LLC’s holdings in CSW Industrials were worth $1,053,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in CSW. GAMMA Investing LLC lifted its position in CSW Industrials by 63,348.5% in the first quarter. GAMMA Investing LLC now owns 86,290 shares of the basic materials company’s stock valued at $25,155,000 after purchasing an additional 86,154 shares during the period. Nuveen LLC acquired a new stake in CSW Industrials in the first quarter valued at about $24,711,000. Federated Hermes Inc. lifted its position in CSW Industrials by 1,539.2% in the first quarter. Federated Hermes Inc. now owns 68,766 shares of the basic materials company’s stock valued at $20,047,000 after purchasing an additional 64,571 shares during the period. Raymond James Financial Inc. acquired a new stake in CSW Industrials in the fourth quarter valued at about $18,197,000. Finally, Fiera Capital Corp acquired a new stake in CSW Industrials in the first quarter valued at about $13,756,000. Institutional investors and hedge funds own 82.79% of the company’s stock.

CSW Industrials Trading Up 1.1%

Shares of CSW Industrials stock opened at $264.54 on Tuesday. CSW Industrials, Inc. has a 12-month low of $241.99 and a 12-month high of $436.50. The company has a current ratio of 2.86, a quick ratio of 1.48 and a debt-to-equity ratio of 0.09. The stock has a market cap of $4.44 billion, a PE ratio of 31.61 and a beta of 0.91. The company has a 50-day moving average of $292.32 and a two-hundred day moving average of $301.49.

CSW Industrials (NYSE:CSW) last issued its earnings results on Thursday, July 31st. The basic materials company reported $2.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.62 by $0.23. CSW Industrials had a net margin of 15.18% and a return on equity of 13.78%. The company had revenue of $263.65 million during the quarter, compared to analysts’ expectations of $278.27 million. On average, research analysts anticipate that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Friday, July 25th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.4%. CSW Industrials’s dividend payout ratio (DPR) is 12.90%.

Insider Buying and Selling at CSW Industrials

In other news, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $294.92, for a total transaction of $294,920.00. Following the completion of the transaction, the chief executive officer directly owned 63,522 shares of the company’s stock, valued at $18,733,908.24. This trade represents a 1.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP James E. Perry sold 145 shares of the firm’s stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $304.00, for a total transaction of $44,080.00. Following the transaction, the executive vice president directly owned 25,468 shares of the company’s stock, valued at approximately $7,742,272. This trade represents a 0.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,964 shares of company stock worth $1,839,555. 1.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Truist Financial reduced their price objective on shares of CSW Industrials from $337.00 to $273.00 and set a “hold” rating for the company in a research report on Tuesday, August 5th. Wells Fargo & Company reduced their price objective on shares of CSW Industrials from $305.00 to $285.00 and set an “equal weight” rating for the company in a research report on Friday, August 1st. Finally, Citigroup increased their target price on shares of CSW Industrials from $313.00 to $321.00 and gave the company a “neutral” rating in a report on Friday, May 23rd. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, CSW Industrials has an average rating of “Hold” and a consensus price target of $319.75.

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.