3,848 Shares in CSW Industrials, Inc. $CSW Bought by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund bought a new position in CSW Industrials, Inc. (NYSE:CSW) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 3,848 shares of the basic materials company’s stock, valued at approximately $1,130,000.

A number of other large investors also recently modified their holdings of CSW. AQR Capital Management LLC lifted its holdings in shares of CSW Industrials by 12.4% in the 1st quarter. AQR Capital Management LLC now owns 5,675 shares of the basic materials company’s stock worth $1,654,000 after purchasing an additional 624 shares in the last quarter. Integrated Wealth Concepts LLC lifted its holdings in shares of CSW Industrials by 20.0% in the 1st quarter. Integrated Wealth Concepts LLC now owns 970 shares of the basic materials company’s stock worth $283,000 after purchasing an additional 162 shares in the last quarter. GAMMA Investing LLC bought a new position in shares of CSW Industrials in the 4th quarter worth $50,000. Anderson Hoagland & Co. bought a new position in shares of CSW Industrials in the 4th quarter worth $365,000. Finally, Park Avenue Securities LLC bought a new position in shares of CSW Industrials in the 4th quarter worth $746,000. 82.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CSW shares. Zacks Research upgraded CSW Industrials from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. Truist Financial raised their price objective on CSW Industrials from $292.00 to $301.00 and gave the company a “hold” rating in a research note on Monday, April 20th. Weiss Ratings restated a “hold (c)” rating on shares of CSW Industrials in a research note on Wednesday, April 29th. Citigroup dropped their price objective on CSW Industrials from $333.00 to $307.00 and set a “neutral” rating on the stock in a research note on Friday, January 30th. Finally, Wells Fargo & Company dropped their price objective on CSW Industrials from $300.00 to $280.00 and set an “equal weight” rating on the stock in a research note on Monday, February 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $328.43.

Insider Buying and Selling

In other news, EVP Don Sullivan sold 166 shares of CSW Industrials stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $300.26, for a total transaction of $49,843.16. Following the sale, the executive vice president directly owned 21,567 shares in the company, valued at $6,475,707.42. The trade was a 0.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Luke Alverson sold 1,007 shares of CSW Industrials stock in a transaction on Friday, May 1st. The stock was sold at an average price of $289.57, for a total value of $291,596.99. Following the sale, the senior vice president owned 12,450 shares in the company, valued at $3,605,146.50. The trade was a 7.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 3,680 shares of company stock valued at $1,039,568 in the last 90 days. Insiders own 1.30% of the company’s stock.

CSW Industrials Price Performance

Shares of NYSE:CSW opened at $260.05 on Tuesday. The company has a current ratio of 2.36, a quick ratio of 0.97 and a debt-to-equity ratio of 0.72. The stock’s fifty day simple moving average is $273.41 and its two-hundred day simple moving average is $284.53. CSW Industrials, Inc. has a 1-year low of $230.45 and a 1-year high of $337.02. The stock has a market cap of $4.28 billion, a PE ratio of 34.49 and a beta of 0.88.

CSW Industrials Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, April 24th were paid a dividend of $0.30 per share. This is a boost from CSW Industrials’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, April 24th. This represents a $1.20 annualized dividend and a yield of 0.5%. CSW Industrials’s dividend payout ratio (DPR) is 15.92%.

CSW Industrials Profile

CSW Industrials, Inc is a diversified industrial manufacturer that develops and supplies specialty chemical products, performance materials and precision surface solutions. The company’s offerings span a range of end markets including energy, industrial processing, converting and automotive, where its products serve critical functions in production efficiency, equipment maintenance and process enhancement.

In its chemical business, CSW Industrials produces solvent- and water-based formulations such as surfactants, corrosion inhibitors and custom blends used in oilfield exploration and production, metalworking, water treatment and other industrial applications.