State of New Jersey Common Pension Fund D Buys Shares of 8,970 CSW Industrials, Inc. $CSW

State of New Jersey Common Pension Fund D bought a new stake in CSW Industrials, Inc. (NYSE:CSW) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 8,970 shares of the basic materials company’s stock, valued at approximately $2,633,000.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. bought a new stake in shares of CSW Industrials in the 4th quarter valued at approximately $515,553,000. Congress Asset Management Co. bought a new stake in shares of CSW Industrials in the 4th quarter valued at approximately $65,002,000. Vaughan Nelson Investment Management L.P. bought a new stake in shares of CSW Industrials in the 4th quarter valued at approximately $53,434,000. Allspring Global Investments Holdings LLC bought a new stake in shares of CSW Industrials in the 4th quarter valued at approximately $41,461,000. Finally, SG Americas Securities LLC bought a new stake in shares of CSW Industrials in the 4th quarter valued at approximately $39,915,000. 82.79% of the stock is owned by institutional investors and hedge funds.

CSW Industrials Price Performance

Shares of CSW opened at $274.83 on Wednesday. The company has a market cap of $4.53 billion, a P/E ratio of 36.45 and a beta of 0.88. The stock has a fifty day moving average price of $277.58 and a 200 day moving average price of $282.95. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.36 and a quick ratio of 0.97. CSW Industrials, Inc. has a 12 month low of $230.45 and a 12 month high of $338.90.

CSW Industrials Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Friday, April 24th will be given a dividend of $0.30 per share. This is a boost from CSW Industrials’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, April 24th. This represents a $1.20 dividend on an annualized basis and a yield of 0.4%. CSW Industrials’s payout ratio is presently 15.92%.

Insiders Place Their Bets

In other CSW Industrials news, CEO Joseph B. Armes sold 1,500 shares of the business’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $286.77, for a total transaction of $430,155.00. Following the completion of the transaction, the chief executive officer owned 84,494 shares in the company, valued at approximately $24,230,344.38. The trade was a 1.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, 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 business’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 owned 12,450 shares of the company’s stock, valued at $3,605,146.50. This trade represents a 7.48% 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. Over the last quarter, insiders have sold 4,180 shares of company stock worth $1,197,578. Insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CSW. Weiss Ratings reiterated a “hold (c)” rating on shares of CSW Industrials in a report on Wednesday, April 29th. Wells Fargo & Company lowered their price target on CSW Industrials from $300.00 to $280.00 and set an “equal weight” rating for the company in a report on Monday, February 2nd. Zacks Research downgraded CSW Industrials from a “hold” rating to a “strong sell” rating in a report on Friday, February 6th. Citigroup lowered their price target on CSW Industrials from $333.00 to $307.00 and set a “neutral” rating for the company in a report on Friday, January 30th. Finally, Truist Financial boosted their price target on CSW Industrials from $292.00 to $301.00 and gave the company a “hold” rating in a report on Monday, April 20th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, CSW Industrials has a consensus rating of “Hold” and a consensus target price of $328.43.

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.