Everett Harris & Co. CA Takes $4.63 Million Position in CSW Industrials, Inc. $CSW

Everett Harris & Co. CA bought a new stake in shares of CSW Industrials, Inc. (NYSE:CSW) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 16,646 shares of the basic materials company’s stock, valued at approximately $4,633,000.

A number of other large investors also recently added to or reduced their stakes in CSW. Nicholas Company Inc. purchased a new stake in CSW Industrials during the fourth quarter valued at about $3,290,000. Mawer Investment Management Ltd. purchased a new position in shares of CSW Industrials in the fourth quarter worth about $4,454,000. B. Metzler seel. Sohn & Co. AG purchased a new position in shares of CSW Industrials in the fourth quarter worth about $3,635,000. LRT Capital Management LLC bought a new stake in shares of CSW Industrials in the 4th quarter valued at about $1,550,000. Finally, Moody Aldrich Partners LLC bought a new stake in shares of CSW Industrials in the 4th quarter valued at about $5,149,000. Hedge funds and other institutional investors own 82.79% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. increased their target price on CSW Industrials from $350.00 to $380.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Weiss Ratings raised CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. Zacks Research downgraded CSW Industrials from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Citigroup increased their price objective on CSW Industrials from $304.00 to $340.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Finally, Truist Financial raised their target price on shares of CSW Industrials from $313.00 to $332.00 and gave the stock a “hold” rating in a report on Monday, August 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $347.57.

Insider Activity at CSW Industrials

In other news, CEO Joseph B. Armes sold 1,500 shares of CSW Industrials stock in a transaction that occurred 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 directly owned 69,100 shares in the company, valued at approximately $19,314,832. This trade represents a 2.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jeff Underwood sold 720 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $346.96, for a total value of $249,811.20. Following the transaction, the executive vice president directly owned 6,409 shares in the company, valued at $2,223,666.64. This trade represents a 10.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 3,720 shares of company stock valued at $1,095,001. Company insiders own 1.20% of the company’s stock.

CSW Industrials Stock Performance

Shares of NYSE:CSW opened at $345.05 on Friday. The company has a market cap of $5.62 billion, a price-to-earnings ratio of 47.33 and a beta of 0.83. The company has a 50-day moving average price of $294.44 and a 200-day moving average price of $284.99. The company has a current ratio of 2.70, a quick ratio of 1.36 and a debt-to-equity ratio of 0.77. CSW Industrials, Inc. has a 12 month low of $230.45 and a 12 month high of $355.48.

CSW Industrials (NYSE:CSW) last posted its earnings results on Thursday, July 30th. The basic materials company reported $3.84 earnings per share for the quarter, topping analysts’ consensus estimates of $3.66 by $0.18. The company had revenue of $350.65 million during the quarter. CSW Industrials had a net margin of 10.34% and a return on equity of 17.41%. The company’s quarterly revenue was up 33.0% compared to the same quarter last year. As a group, equities analysts anticipate that CSW Industrials, Inc. will post 12.77 EPS for the current year.

CSW Industrials Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, July 31st. This represents a $1.20 dividend on an annualized basis and a yield of 0.3%. CSW Industrials’s dividend payout ratio is presently 16.46%.

CSW Industrials Profile

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.