Janus Henderson Group PLC Increases Position in CSW Industrials, Inc. $CSW

Janus Henderson Group PLC boosted its position in CSW Industrials, Inc. (NYSE:CSW) by 12.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 99,223 shares of the basic materials company’s stock after acquiring an additional 11,113 shares during the quarter. Janus Henderson Group PLC’s holdings in CSW Industrials were worth $25,857,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in CSW. Amundi lifted its stake in CSW Industrials by 25.4% during the first quarter. Amundi now owns 3,273 shares of the basic materials company’s stock worth $853,000 after purchasing an additional 662 shares during the last quarter. California State Teachers Retirement System raised its holdings in shares of CSW Industrials by 23.9% during the 1st quarter. California State Teachers Retirement System now owns 19,557 shares of the basic materials company’s stock valued at $5,096,000 after buying an additional 3,768 shares in the last quarter. Empowered Funds LLC lifted its position in CSW Industrials by 25.2% in the 1st quarter. Empowered Funds LLC now owns 2,091 shares of the basic materials company’s stock worth $545,000 after buying an additional 421 shares during the last quarter. Quantinno Capital Management LP lifted its position in CSW Industrials by 11.4% in the 1st quarter. Quantinno Capital Management LP now owns 10,558 shares of the basic materials company’s stock worth $2,751,000 after buying an additional 1,081 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. boosted its stake in CSW Industrials by 1.9% in the first quarter. Punch & Associates Investment Management Inc. now owns 50,987 shares of the basic materials company’s stock worth $13,286,000 after buying an additional 969 shares in the last quarter. Hedge funds and other institutional investors own 82.79% of the company’s stock.

CSW Industrials Price Performance

CSW opened at $344.03 on Tuesday. The stock’s 50 day simple moving average is $281.48 and its 200 day simple moving average is $283.40. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.70 and a quick ratio of 1.36. CSW Industrials, Inc. has a 1 year low of $230.45 and a 1 year high of $348.51. The firm has a market cap of $5.60 billion, a price-to-earnings ratio of 47.19 and a beta of 0.83.

CSW Industrials (NYSE:CSW) last announced its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.84 earnings per share for the quarter, beating the consensus estimate of $3.66 by $0.18. The firm had revenue of $350.65 million during the quarter. CSW Industrials had a return on equity of 17.41% and a net margin of 10.34%.The company’s quarterly revenue was up 33.0% compared to the same quarter last year. As a group, analysts predict that CSW Industrials, Inc. will post 12.52 earnings per share for the current year.

CSW Industrials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a $1.20 annualized dividend and a dividend yield of 0.3%. CSW Industrials’s dividend payout ratio (DPR) is presently 16.46%.

Wall Street Analyst Weigh In

A number of research analysts have commented on CSW shares. Citigroup increased their price target on shares of CSW Industrials from $304.00 to $340.00 and gave the company a “neutral” rating in a research report on Monday. Wells Fargo & Company boosted their price objective on shares of CSW Industrials from $285.00 to $320.00 and gave the stock an “equal weight” rating in a report on Friday. Truist Financial upped their price objective on shares of CSW Industrials from $313.00 to $332.00 and gave the company a “hold” rating in a research note on Monday. JPMorgan Chase & Co. increased their target price on shares of CSW Industrials from $350.00 to $380.00 and gave the company an “overweight” rating in a report on Friday. Finally, Zacks Research cut shares of CSW Industrials from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $347.57.

Insiders Place Their Bets

In other CSW Industrials news, CEO Joseph B. Armes sold 1,500 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $279.52, for a total value of $419,280.00. Following the completion of the sale, the chief executive officer owned 69,100 shares in the company, valued at approximately $19,314,832. This trade represents a 2.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.20% of the company’s stock.

About CSW Industrials

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.