WCM Investment Management LLC Has $5.70 Million Holdings in CSW Industrials, Inc. $CSW

WCM Investment Management LLC lessened its position in shares of CSW Industrials, Inc. (NYSE:CSW) by 58.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,968 shares of the basic materials company’s stock after selling 31,163 shares during the period. WCM Investment Management LLC’s holdings in CSW Industrials were worth $5,701,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in CSW. Dimensional Fund Advisors LP lifted its holdings in CSW Industrials by 0.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 306,350 shares of the basic materials company’s stock worth $79,830,000 after purchasing an additional 2,459 shares during the last quarter. Valley Wealth Managers Inc. acquired a new position in CSW Industrials in the 1st quarter valued at $26,000. Illinois Municipal Retirement Fund grew its holdings in CSW Industrials by 17.5% in the 1st quarter. Illinois Municipal Retirement Fund now owns 9,361 shares of the basic materials company’s stock valued at $2,439,000 after buying an additional 1,393 shares in the last quarter. Sanctuary Advisors LLC increased its position in CSW Industrials by 13.1% during the 1st quarter. Sanctuary Advisors LLC now owns 1,113 shares of the basic materials company’s stock worth $290,000 after buying an additional 129 shares during the period. Finally, Principal Financial Group Inc. increased its position in CSW Industrials by 0.9% during the 1st quarter. Principal Financial Group Inc. now owns 80,494 shares of the basic materials company’s stock worth $20,975,000 after buying an additional 718 shares during the period. Institutional investors own 82.79% of the company’s stock.

Analyst Ratings Changes

CSW has been the subject of a number of research reports. 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. Truist Financial raised their price target on shares of CSW Industrials from $300.00 to $313.00 and gave the stock a “hold” rating in a research report on Thursday, July 2nd. Zacks Research upgraded shares of CSW Industrials from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 8th. Weiss Ratings downgraded shares of CSW Industrials from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, July 14th. Finally, Citigroup decreased their target price on shares of CSW Industrials from $307.00 to $304.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 27th. 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, CSW Industrials presently has an average rating of “Moderate Buy” and an average target price of $330.43.

CSW Industrials Stock Down 1.1%

Shares of NYSE CSW opened at $276.21 on Tuesday. 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 52 week low of $230.45 and a 52 week high of $337.02. The stock has a market capitalization of $4.51 billion, a P/E ratio of 41.35 and a beta of 0.84. The stock’s fifty day moving average is $274.69 and its 200 day moving average is $284.20.

CSW Industrials (NYSE:CSW) last posted its quarterly earnings data on Tuesday, May 26th. The basic materials company reported $3.14 earnings per share for the quarter, topping the consensus estimate of $2.34 by $0.80. CSW Industrials had a net margin of 10.35% and a return on equity of 15.91%. The business had revenue of $308.96 million during the quarter. The firm’s revenue for the quarter was up 34.0% compared to the same quarter last year. Sell-side analysts forecast that CSW Industrials, Inc. will post 12.52 earnings per share for the current fiscal year.

CSW Industrials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be given a $0.30 dividend. The ex-dividend date is Friday, July 31st. This represents a $1.20 annualized dividend and a dividend yield of 0.4%. CSW Industrials’s payout ratio is presently 17.96%.

Insider Buying and Selling

In other CSW Industrials news, SVP Luke Alverson sold 1,007 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $289.57, for a total transaction 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. The trade was a 7.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 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 value of $419,280.00. Following the sale, the chief executive officer owned 69,100 shares of the company’s stock, valued at $19,314,832. The trade was a 2.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 4,007 shares of company stock valued at $1,136,787. 1.30% 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.