Montanaro Asset Management Ltd Invests $13.56 Million in CSW Industrials, Inc. $CSW

Montanaro Asset Management Ltd purchased a new stake in CSW Industrials, Inc. (NYSE:CSW) in the fourth quarter, Holdings Channel.com reports. The fund purchased 46,200 shares of the basic materials company’s stock, valued at approximately $13,561,000. CSW Industrials accounts for approximately 3.8% of Montanaro Asset Management Ltd’s portfolio, making the stock its 9th biggest position.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CSW. Corient Private Wealth LLC purchased a new stake in CSW Industrials during the fourth quarter worth about $2,617,000. Pure Financial Advisors LLC purchased a new position in CSW Industrials in the fourth quarter valued at about $515,000. Anchor Investment Management LLC purchased a new position in CSW Industrials in the fourth quarter valued at about $333,000. Sit Investment Associates Inc. acquired a new stake in shares of CSW Industrials during the 4th quarter valued at approximately $1,986,000. Finally, Pacer Advisors Inc. acquired a new stake in shares of CSW Industrials during the 4th quarter valued at approximately $102,000. Institutional investors and hedge funds own 82.79% of the company’s stock.

Insider Buying and Selling at CSW Industrials

In other CSW Industrials news, EVP Don Sullivan sold 166 shares of the 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 sale, the executive vice president owned 21,567 shares in the company, valued at approximately $6,475,707.42. This represents a 0.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Luke Alverson sold 1,007 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $289.57, for a total value of $291,596.99. Following the transaction, the senior vice president directly owned 12,450 shares of the company’s stock, valued at $3,605,146.50. The trade was a 7.48% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 6,680 shares of company stock worth $1,884,758. 1.30% of the stock is owned by insiders.

Analysts Set New Price Targets

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

CSW Industrials Stock Performance

Shares of CSW opened at $279.74 on Friday. 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 $4.57 billion, a P/E ratio of 41.88 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. The company has a 50-day moving average of $278.43 and a two-hundred day moving average of $287.99.

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, beating the consensus estimate of $2.34 by $0.80. CSW Industrials had a net margin of 10.35% and a return on equity of 15.91%. The business had revenue of $308.96 million for the quarter. The company’s revenue was up 34.0% compared to the same quarter last year. As a group, research analysts predict that CSW Industrials, Inc. will post 12.52 EPS for the current fiscal year.

CSW Industrials Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, April 24th were paid a $0.30 dividend. 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. This is an increase from CSW Industrials’s previous quarterly dividend of $0.27. CSW Industrials’s dividend payout ratio is currently 17.96%.

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.