First Trust Advisors LP Buys 55,288 Shares of CSW Industrials, Inc. $CSW

First Trust Advisors LP raised its stake in CSW Industrials, Inc. (NYSE:CSW) by 14.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 437,462 shares of the basic materials company’s stock after buying an additional 55,288 shares during the period. First Trust Advisors LP’s holdings in CSW Industrials were worth $113,994,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the stock. Valley Wealth Managers Inc. purchased a new stake in shares of CSW Industrials in the 1st quarter worth $26,000. Arax Advisory Partners purchased a new position in shares of CSW Industrials during the fourth quarter valued at $28,000. Danske Bank A S bought a new stake in shares of CSW Industrials in the fourth quarter valued at about $29,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of CSW Industrials in the fourth quarter valued at about $31,000. Finally, Global Retirement Partners LLC purchased a new stake in CSW Industrials in the fourth quarter worth about $31,000. 82.79% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, 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 completion of the transaction, the senior vice president owned 12,450 shares in the company, valued at $3,605,146.50. This trade represents a 7.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at 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 dated Monday, June 15th. The stock was sold at an average price of $279.52, for a total value of $419,280.00. Following the sale, the chief executive officer directly owned 69,100 shares of the company’s stock, valued at approximately $19,314,832. This represents a 2.12% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 4,007 shares of company stock valued at $1,136,787 in the last 90 days. 1.20% of the stock is currently owned by company insiders.

CSW Industrials Price Performance

Shares of NYSE CSW opened at $290.66 on Friday. CSW Industrials, Inc. has a fifty-two week low of $230.45 and a fifty-two week high of $337.02. The company has a market cap of $4.74 billion, a PE ratio of 43.51 and a beta of 0.84. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.23 and a current ratio of 2.60. The business has a 50-day simple moving average of $275.96 and a two-hundred day simple moving average of $283.97.

CSW Industrials (NYSE:CSW) last announced its quarterly earnings data 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. The firm had revenue of $308.96 million during the quarter. CSW Industrials had a net margin of 10.35% and a return on equity of 15.91%. The firm’s quarterly revenue was up 34.0% on a year-over-year basis. As a group, equities analysts expect that CSW Industrials, Inc. will post 12.52 EPS for the current fiscal year.

CSW Industrials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.4%. CSW Industrials’s payout ratio is 17.96%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on CSW shares. Wells Fargo & Company increased their target price on shares of 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 boosted their price target on shares of CSW Industrials from $300.00 to $313.00 and gave the company a “hold” rating in a report on Thursday, July 2nd. Zacks Research raised shares of CSW Industrials from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. Citigroup dropped their price objective on shares of CSW Industrials from $307.00 to $304.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 27th. Finally, Weiss Ratings lowered CSW Industrials from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, July 14th. Three investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, CSW Industrials has a consensus rating of “Moderate Buy” and an average price target of $330.43.

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.