Capital World Investors Buys New Shares in CSW Industrials, Inc. $CSW

Capital World Investors bought a new stake in CSW Industrials, Inc. (NYSE:CSW) during the fourth quarter, HoldingsChannel reports. The firm bought 1,052,480 shares of the basic materials company’s stock, valued at approximately $308,934,000. Capital World Investors owned about 0.06% of CSW Industrials at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Danske Bank A S bought a new position in CSW Industrials during the fourth quarter worth about $29,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in CSW Industrials during the fourth quarter worth about $31,000. Global Retirement Partners LLC bought a new position in CSW Industrials during the fourth quarter worth about $31,000. CWM LLC bought a new position in CSW Industrials during the fourth quarter worth about $32,000. Finally, Salomon & Ludwin LLC bought a new position in CSW Industrials during the fourth quarter worth about $36,000. Institutional investors own 82.79% of the company’s stock.

CSW Industrials Trading Up 0.4%

Shares of NYSE:CSW opened at $267.42 on Tuesday. CSW Industrials, Inc. has a 12-month low of $230.45 and a 12-month high of $337.02. The stock has a market cap of $4.36 billion, a PE ratio of 40.03 and a beta of 0.84. The business has a 50 day moving average of $276.59 and a 200-day moving average of $287.33. The company has a quick ratio of 1.23, a current ratio of 2.60 and a debt-to-equity ratio of 0.80.

CSW Industrials (NYSE:CSW) last released its quarterly earnings results on Tuesday, May 26th. The basic materials company reported $3.14 earnings per share for the quarter, beating analysts’ consensus estimates of $2.34 by $0.80. CSW Industrials had a net margin of 10.35% and a return on equity of 15.91%. The company had revenue of $308.96 million during the quarter. The company’s revenue for the quarter was up 34.0% compared to the same quarter last year. As a group, equities research analysts forecast that CSW Industrials, Inc. will post 12.52 earnings per share for the current year.

CSW Industrials Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, April 24th were given 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 dividend on an annualized basis and a dividend yield of 0.4%. CSW Industrials’s dividend payout ratio (DPR) is presently 17.96%.

Insider Buying and Selling at CSW Industrials

In other news, SVP Luke Alverson sold 1,007 shares of CSW Industrials stock in a transaction that occurred 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 completion of the sale, the senior vice president directly owned 12,450 shares in the company, valued at approximately $3,605,146.50. The trade was a 7.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Joseph B. Armes sold 1,500 shares of CSW Industrials stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $283.94, for a total transaction of $425,910.00. Following the completion of the sale, the chief executive officer owned 70,600 shares of the company’s stock, valued at approximately $20,046,164. The trade was a 2.08% decrease in their ownership of the stock. 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. Insiders have sold a total of 5,180 shares of company stock valued at $1,465,478 in the last three months. Corporate insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

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

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.