Jupiter Topco LLC Acquires New Holdings in CSW Industrials, Inc. $CSW

Jupiter Topco LLC acquired a new position in CSW Industrials, Inc. (NYSE:CSW) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 131,709 shares of the basic materials company’s stock, valued at approximately $36,656,000. Jupiter Topco LLC owned 0.81% of CSW Industrials as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in CSW Industrials during the second quarter worth approximately $686,462,000. Vanguard Group Inc. acquired a new stake in CSW Industrials in the 4th quarter valued at about $515,553,000. Capital World Investors bought a new position in shares of CSW Industrials during the 4th quarter valued at about $308,934,000. Wasatch Advisors LP grew its stake in shares of CSW Industrials by 31.1% in the 1st quarter. Wasatch Advisors LP now owns 873,659 shares of the basic materials company’s stock worth $227,658,000 after purchasing an additional 207,186 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in shares of CSW Industrials in the 4th quarter worth approximately $237,891,000. Institutional investors own 82.79% of the company’s stock.

CSW Industrials Trading Up 0.2%

CSW Industrials stock opened at $318.97 on Friday. The company has a 50 day moving average price of $304.99 and a 200 day moving average price of $288.00. CSW Industrials, Inc. has a 52 week low of $230.45 and a 52 week high of $355.48. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.36 and a current ratio of 2.70. The firm has a market capitalization of $5.20 billion, a price-to-earnings ratio of 43.75 and a beta of 0.83.

CSW Industrials (NYSE:CSW) last posted its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.84 earnings per share for the quarter, topping the consensus estimate of $3.66 by $0.18. CSW Industrials had a net margin of 10.34% and a return on equity of 17.41%. The firm had revenue of $350.65 million for the quarter. The company’s revenue for the quarter was up 33.0% on a year-over-year basis. Research analysts forecast that CSW Industrials, Inc. will post 12.77 EPS for the current year.

CSW Industrials Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were issued a dividend of $0.30 per share. The ex-dividend date was Friday, July 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.4%. CSW Industrials’s payout ratio is currently 16.46%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on CSW shares. Wells Fargo & Company lifted their price target on shares of CSW Industrials from $285.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Friday, July 31st. Truist Financial lifted their target price on CSW Industrials from $313.00 to $332.00 and gave the stock a “hold” rating in a report on Monday, August 3rd. Zacks Research downgraded CSW Industrials from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Citigroup lifted their price target on CSW Industrials from $304.00 to $340.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Finally, Weiss Ratings raised CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $347.57.

Insiders Place Their Bets

In other CSW Industrials news, EVP Jeff Underwood sold 720 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $346.96, for a total transaction of $249,811.20. Following the completion of the sale, the executive vice president directly owned 6,409 shares in the company, valued at approximately $2,223,666.64. This trade represents a 10.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Joseph B. Armes sold 1,500 shares of CSW Industrials stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $279.52, for a total value of $419,280.00. Following the transaction, 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.20% of the company’s stock.

CSW Industrials Company 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.