Van Hulzen Asset Management LLC Buys New Shares in CSW Industrials, Inc. $CSW

Van Hulzen Asset Management LLC purchased a new stake in shares of CSW Industrials, Inc. (NYSE:CSW) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,913 shares of the basic materials company’s stock, valued at approximately $1,089,000.

A number of other large investors have also recently bought and sold shares of CSW. Arax Advisory Partners bought a new position in shares of CSW Industrials in the 4th quarter worth about $28,000. Danske Bank A S bought a new stake in shares of CSW Industrials during the 4th quarter valued at about $29,000. Valley Wealth Managers Inc. bought a new stake in shares of CSW Industrials during the 1st quarter valued at about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of CSW Industrials during the 4th quarter valued at about $31,000. Finally, Global Retirement Partners LLC acquired a new stake in CSW Industrials during the fourth quarter worth approximately $31,000. 82.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Citigroup lifted their target price on CSW Industrials from $304.00 to $340.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. JPMorgan Chase & Co. increased their price target on CSW Industrials from $350.00 to $380.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Wells Fargo & Company raised their price objective on shares of CSW Industrials from $285.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Friday, July 31st. Truist Financial lifted 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, August 3rd. Finally, Weiss Ratings upgraded shares of CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 3rd. Two equities 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’s stock. According to data from MarketBeat.com, CSW Industrials has an average rating of “Moderate Buy” and an average price target of $347.57.

CSW Industrials Stock Performance

Shares of CSW Industrials stock opened at $328.48 on Tuesday. CSW Industrials, Inc. has a one year low of $230.45 and a one year high of $355.48. The firm has a market capitalization of $5.35 billion, a price-to-earnings ratio of 45.06 and a beta of 0.83. The business has a 50-day simple moving average of $301.44 and a 200 day simple moving average of $286.90. 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 announced its quarterly 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. CSW Industrials had a return on equity of 17.41% and a net margin of 10.34%.The business had revenue of $350.65 million for the quarter. The company’s quarterly revenue was up 33.0% compared to the same quarter last year. On average, research analysts anticipate that CSW Industrials, Inc. will post 12.77 earnings per share for the current fiscal year.

CSW Industrials Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were given a $0.30 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a $1.20 annualized dividend and a yield of 0.4%. CSW Industrials’s dividend payout ratio (DPR) is presently 16.46%.

Insider Buying and Selling at CSW Industrials

In other CSW Industrials news, EVP Jeff Underwood sold 720 shares of the business’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $346.96, for a total transaction of $249,811.20. Following the completion of the sale, the executive vice president owned 6,409 shares in the company, valued at approximately $2,223,666.64. The trade was a 10.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Joseph B. Armes sold 1,500 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $279.52, for a total transaction of $419,280.00. Following the transaction, the chief executive officer owned 69,100 shares in the company, valued at approximately $19,314,832. The trade was a 2.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 3,720 shares of company stock valued at $1,095,001. 1.20% of the stock is currently owned by insiders.

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.