35,510 Shares in CSW Industrials, Inc. $CSW Bought by Peregrine Capital Management LLC

Peregrine Capital Management LLC purchased a new position in shares of CSW Industrials, Inc. (NYSE:CSW) during the first quarter, Holdings Channel.com reports. The institutional investor purchased 35,510 shares of the basic materials company’s stock, valued at approximately $9,253,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of CSW. Arax Advisory Partners acquired a new position in shares of CSW Industrials in the 4th quarter valued at $28,000. Danske Bank A S acquired a new stake in shares of CSW Industrials during the 4th quarter valued at about $29,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of CSW Industrials during the 4th quarter valued at about $31,000. Global Retirement Partners LLC bought a new stake in CSW Industrials in the fourth quarter valued at about $31,000. Finally, CWM LLC bought a new stake in CSW Industrials in the fourth quarter valued at about $32,000. Institutional investors own 82.79% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Luke Alverson sold 1,007 shares of the stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $266.11, for a total transaction of $267,972.77. Following the sale, the senior vice president owned 13,457 shares in the company, valued at approximately $3,581,042.27. This represents a 6.96% decrease in their ownership of the stock. The sale was disclosed in a document filed 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, EVP Don Sullivan sold 166 shares of the firm’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $300.26, for a total value of $49,843.16. Following the completion of the sale, the executive vice president owned 21,567 shares of the company’s stock, valued at approximately $6,475,707.42. This trade represents a 0.76% 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. Over the last quarter, insiders have sold 6,680 shares of company stock valued at $1,884,758. 1.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on CSW shares. Citigroup cut their price target on shares of CSW Industrials from $307.00 to $304.00 and set a “neutral” rating for the company in a research note on Wednesday, May 27th. Weiss Ratings raised CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Zacks Research raised CSW Industrials from a “hold” rating to a “strong-buy” rating in a report on Monday, June 8th. Truist Financial cut their target price on CSW Industrials from $301.00 to $300.00 and set a “hold” rating for the company in a research report on Wednesday, May 27th. Finally, Wells Fargo & Company boosted their price target on CSW Industrials from $280.00 to $285.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 27th. Three analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, CSW Industrials presently has an average rating of “Moderate Buy” and a consensus price target of $328.57.

CSW Industrials Stock Performance

NYSE:CSW opened at $278.53 on Wednesday. CSW Industrials, Inc. has a 1 year low of $230.45 and a 1 year high of $337.02. The firm has a 50 day moving average of $276.60 and a 200-day moving average of $287.05. The company has a current ratio of 2.60, a quick ratio of 1.23 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $4.55 billion, a P/E ratio of 41.70 and a beta of 0.84.

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

CSW Industrials Increases Dividend

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

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.