Natixis Advisors LLC Acquires New Holdings in CSW Industrials, Inc. $CSW

Natixis Advisors LLC acquired a new stake in shares of CSW Industrials, Inc. (NYSE:CSW) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 89,055 shares of the basic materials company’s stock, valued at approximately $26,140,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CSW. AQR Capital Management LLC raised its position in CSW Industrials by 12.4% during the first quarter. AQR Capital Management LLC now owns 5,675 shares of the basic materials company’s stock valued at $1,654,000 after acquiring an additional 624 shares in the last quarter. Integrated Wealth Concepts LLC raised its position in CSW Industrials by 20.0% during the first quarter. Integrated Wealth Concepts LLC now owns 970 shares of the basic materials company’s stock valued at $283,000 after acquiring an additional 162 shares in the last quarter. GAMMA Investing LLC bought a new position in CSW Industrials during the fourth quarter valued at approximately $50,000. Anderson Hoagland & Co. bought a new position in CSW Industrials during the fourth quarter valued at approximately $365,000. Finally, Park Avenue Securities LLC bought a new position in CSW Industrials during the fourth quarter valued at approximately $746,000. Institutional investors own 82.79% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on CSW. Citigroup cut their price objective on shares of CSW Industrials from $307.00 to $304.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 27th. Wells Fargo & Company raised their price objective on shares of CSW Industrials from $280.00 to $285.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 27th. Weiss Ratings raised shares of CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Zacks Research raised shares of CSW Industrials from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. Finally, Truist Financial cut their price objective on shares of CSW Industrials from $301.00 to $300.00 and set a “hold” rating on the stock in a research report on Wednesday, May 27th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, CSW Industrials presently has a consensus rating of “Moderate Buy” and a consensus price target of $328.57.

CSW Industrials Trading Down 0.4%

Shares of CSW Industrials stock opened at $270.22 on Friday. The company’s fifty day simple moving average is $276.48 and its 200-day simple moving average is $286.97. The company has a market cap of $4.41 billion, a price-to-earnings ratio of 40.45 and a beta of 0.84. The company has a current ratio of 2.60, a quick ratio of 1.23 and a debt-to-equity ratio of 0.80. CSW Industrials, Inc. has a 1 year low of $230.45 and a 1 year high of $337.02.

CSW Industrials (NYSE:CSW) last announced its quarterly earnings data on Tuesday, May 26th. The basic materials company reported $3.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.34 by $0.80. The business had revenue of $308.96 million for the quarter. CSW Industrials had a net margin of 10.35% and a return on equity of 15.91%. The business’s revenue for the quarter was up 34.0% compared to the same quarter last year. As a group, sell-side analysts expect that CSW Industrials, Inc. will post 12.52 EPS for the current year.

CSW Industrials Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, April 24th were paid a $0.30 dividend. The ex-dividend date was Friday, April 24th. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a dividend yield of 0.4%. CSW Industrials’s dividend payout ratio is 17.96%.

Insider Activity at CSW Industrials

In other news, SVP Luke Alverson sold 1,007 shares of the firm’s stock in a transaction on Friday, May 1st. The shares were 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 approximately $3,605,146.50. This trade represents a 7.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Don Sullivan sold 166 shares of the firm’s 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 completion of the sale, the executive vice president owned 21,567 shares in the company, valued at approximately $6,475,707.42. The trade was a 0.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 5,180 shares of company stock worth $1,465,478. Insiders own 1.30% of the company’s stock.

CSW Industrials Company 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.