226,298 Shares in CSW Industrials, Inc. $CSW Bought by Capital International Investors

by · The Markets Daily

Capital International Investors acquired a new position in shares of CSW Industrials, Inc. (NYSE:CSW – Free Report) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 226,298 shares of the basic materials company’s stock, valued at approximately $66,425,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CSW. AQR Capital Management LLC grew its position in CSW Industrials by 12.4% during the 1st quarter. AQR Capital Management LLC now owns 5,675 shares of the basic materials company’s stock worth $1,654,000 after acquiring an additional 624 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in CSW Industrials by 20.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 970 shares of the basic materials company’s stock worth $283,000 after acquiring an additional 162 shares during the last quarter. GAMMA Investing LLC bought a new stake in CSW Industrials during the 4th quarter worth $50,000. Anderson Hoagland & Co. bought a new stake in CSW Industrials during the 4th quarter worth $365,000. Finally, Park Avenue Securities LLC acquired a new position in CSW Industrials during the 4th quarter worth about $746,000. Institutional investors own 82.79% of the company’s stock.

Analysts Set New Price Targets

CSW has been the topic of several recent research reports. Robert W. Baird initiated coverage on CSW Industrials in a report on Tuesday, February 17th. They set an “outperform” rating and a $378.00 target price on the stock. Truist Financial cut 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. Citigroup cut their target price 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 “strong sell” rating to a “hold” rating in a report on Friday, May 8th. Finally, Wells Fargo & Company lifted their target price on CSW Industrials from $280.00 to $285.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 27th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, CSW Industrials currently has an average rating of “Moderate Buy” and a consensus price target of $328.57.

Get Our Latest Research Report on CSW Industrials

CSW Industrials Stock Up 0.4%

Shares of CSW opened at $267.42 on Tuesday. The company has a market capitalization of $4.36 billion, a PE ratio of 40.03 and a beta of 0.84. CSW Industrials, Inc. has a 12 month low of $230.45 and a 12 month high of $337.02. The stock’s 50-day moving average price is $276.59 and its two-hundred day moving average price is $287.33. The company has a current ratio of 2.60, a quick ratio of 1.23 and a debt-to-equity ratio of 0.80.

CSW Industrials (NYSE:CSW – Get Free Report) last announced its quarterly earnings data on Tuesday, May 26th. The basic materials company reported $3.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.34 by $0.80. The company had revenue of $308.96 million for the quarter. CSW Industrials had a return on equity of 15.91% and a net margin of 10.35%.CSW Industrials’s revenue for the quarter was up 34.0% on a year-over-year basis. On average, analysts anticipate that CSW Industrials, Inc. will post 12.52 EPS for the current year.

CSW Industrials Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, April 24th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, April 24th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.4%. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.27. CSW Industrials’s dividend payout ratio (DPR) is presently 17.96%.

Insiders Place Their Bets

In other CSW Industrials news, Director Darron K. Ash acquired 300 shares of the company’s stock in a transaction dated Friday, March 13th. The shares were bought at an average cost of $256.62 per share, with a total value of $76,986.00. Following the purchase, the director directly owned 1,155 shares of the company’s stock, valued at $296,396.10. This trade represents a 35.09% increase 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. Also, SVP Luke Alverson sold 1,007 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were 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 directly owned 12,450 shares in the company, valued at $3,605,146.50. This represents a 7.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 5,180 shares of company stock valued at $1,465,478 over the last 90 days. 1.30% of the stock is owned by company insiders.

CSW Industrials Company Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding CSW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CSW Industrials, Inc. (NYSE:CSW – Free Report).