Punch & Associates Investment Management Inc. Takes Position in CSW Industrials, Inc. $CSW

Punch & Associates Investment Management Inc. bought a new position in CSW Industrials, Inc. (NYSE:CSW) in the 2nd quarter, Holdings Channel reports. The firm bought 54,288 shares of the basic materials company’s stock, valued at approximately $15,108,000.

Other large investors have also recently made changes to their positions in the company. AQR Capital Management LLC raised its position in 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 during the period. Integrated Wealth Concepts LLC boosted its position in shares of 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 buying an additional 162 shares during the period. CWM LLC bought a new position in shares of CSW Industrials during the fourth quarter valued at approximately $32,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of CSW Industrials during the fourth quarter valued at approximately $1,046,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of CSW Industrials in the fourth quarter worth approximately $672,000. 82.79% of the stock is owned by hedge funds and other institutional investors.

CSW Industrials Stock Down 0.3%

NYSE:CSW opened at $321.85 on Thursday. The firm has a market capitalization of $5.24 billion, a P/E ratio of 44.15 and a beta of 0.83. CSW Industrials, Inc. has a 1-year low of $230.45 and a 1-year high of $355.48. The company’s fifty day moving average price is $303.42 and its 200-day moving average price is $287.58. 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 (NYSE:CSW) last issued its earnings results on Thursday, July 30th. The basic materials company reported $3.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.66 by $0.18. The firm had revenue of $350.65 million during the quarter. CSW Industrials had a net margin of 10.34% and a return on equity of 17.41%. CSW Industrials’s revenue was up 33.0% compared to the same quarter last year. As a group, equities research analysts anticipate that CSW Industrials, Inc. will post 12.77 EPS for the current year.

CSW Industrials Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were paid a dividend of $0.30 per share. The ex-dividend date was Friday, July 31st. 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 16.46%.

Analyst Upgrades and Downgrades

CSW has been the subject of a number of recent analyst reports. Truist Financial boosted their price objective on CSW Industrials from $313.00 to $332.00 and gave the company a “hold” rating in a report on Monday, August 3rd. Weiss Ratings upgraded shares of CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. JPMorgan Chase & Co. boosted their price target on CSW Industrials from $350.00 to $380.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Wells Fargo & Company increased their target price on shares of CSW Industrials from $285.00 to $320.00 and gave the company an “equal weight” rating in a research report on Friday, July 31st. Finally, Zacks Research lowered CSW Industrials from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. 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 MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $347.57.

Insider Activity

In related news, CEO Joseph B. Armes sold 1,500 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $279.52, for a total transaction of $419,280.00. Following the sale, the chief executive officer directly owned 69,100 shares of the company’s stock, valued at $19,314,832. This trade represents a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jeff Underwood sold 720 shares of CSW Industrials stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $346.96, for a total value of $249,811.20. Following the transaction, the executive vice president owned 6,409 shares of the company’s stock, valued at approximately $2,223,666.64. This represents a 10.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.20% of the company’s stock.

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.