273,420 Shares in CSW Industrials, Inc. $CSW Acquired by First Manhattan CO. LLC.

First Manhattan CO. LLC. bought a new position in shares of CSW Industrials, Inc. (NYSE:CSW) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 273,420 shares of the basic materials company’s stock, valued at approximately $80,257,000.

A number of other institutional investors have also made changes to their positions in CSW. Vanguard Group Inc. acquired a new position in shares of CSW Industrials during the 4th quarter worth approximately $515,553,000. Capital World Investors bought a new stake in CSW Industrials in the 4th quarter valued at $308,934,000. Northwestern Mutual Wealth Management Co. bought a new stake in CSW Industrials in the 4th quarter valued at $237,891,000. Morgan Stanley bought a new stake in CSW Industrials in the 4th quarter valued at $196,549,000. Finally, Wasatch Advisors LP bought a new stake in CSW Industrials in the 4th quarter valued at $195,630,000. 82.79% of the stock is owned by institutional investors and hedge funds.

CSW Industrials Stock Performance

NYSE:CSW opened at $271.30 on Thursday. The stock has a fifty day moving average price of $278.12 and a 200-day moving average price of $287.99. The company has a market cap of $4.43 billion, a price-to-earnings ratio of 40.61 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. CSW Industrials, Inc. has a fifty-two week low of $230.45 and a fifty-two week high of $337.02.

CSW Industrials (NYSE:CSW) last released its earnings results on Tuesday, May 26th. The basic materials company reported $3.14 earnings per share for the quarter, beating analysts’ consensus estimates of $2.34 by $0.80. The firm had revenue of $308.96 million during the quarter. CSW Industrials had a return on equity of 15.91% and a net margin of 10.35%.The company’s revenue for the quarter was up 34.0% on a year-over-year basis. As a group, equities analysts anticipate 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. Stockholders of record on Friday, April 24th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Friday, April 24th. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.27. CSW Industrials’s dividend payout ratio is currently 17.96%.

Insider Activity

In other news, SVP Luke Alverson sold 1,007 shares of the company’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $289.57, for a total transaction of $291,596.99. Following the completion of the sale, the senior vice president directly owned 12,450 shares in the company, valued at approximately $3,605,146.50. This represents a 7.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Don Sullivan sold 166 shares of the company’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $300.26, for a total value of $49,843.16. Following the sale, the executive vice president owned 21,567 shares of the company’s stock, valued at approximately $6,475,707.42. The trade was a 0.76% 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. In the last three months, insiders sold 6,680 shares of company stock worth $1,884,758. 1.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

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.