Everett Harris & Co. CA Makes New Investment in CSW Industrials, Inc. $CSW

Everett Harris & Co. CA purchased a new stake in shares of CSW Industrials, Inc. (NYSE:CSW) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 17,120 shares of the basic materials company’s stock, valued at approximately $5,025,000.

Other institutional investors have also recently made changes to their positions in the company. Sanctuary Advisors LLC boosted its holdings in shares of CSW Industrials by 8.1% in the fourth quarter. Sanctuary Advisors LLC now owns 984 shares of the basic materials company’s stock worth $289,000 after buying an additional 74 shares during the last quarter. Danske Bank A S bought a new position in CSW Industrials in the fourth quarter worth approximately $29,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in CSW Industrials in the fourth quarter worth approximately $31,000. Global Retirement Partners LLC purchased a new position in shares of CSW Industrials during the 4th quarter worth $31,000. Finally, CWM LLC bought a new stake in shares of CSW Industrials during the 4th quarter valued at $32,000. Institutional investors own 82.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Zacks Research raised CSW Industrials from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. Wells Fargo & Company lifted their target price on CSW Industrials from $280.00 to $285.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 27th. Citigroup lowered their target price on CSW Industrials from $307.00 to $304.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 27th. Truist Financial lowered their target price on CSW Industrials from $301.00 to $300.00 and set a “hold” rating on the stock in a research report on Wednesday, May 27th. Finally, Robert W. Baird assumed coverage on CSW Industrials in a research report on Tuesday, February 17th. They set an “outperform” rating and a $378.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $328.57.

CSW Industrials Trading Up 0.4%

Shares of CSW stock opened at $267.42 on Tuesday. CSW Industrials, Inc. has a 12-month low of $230.45 and a 12-month high of $337.02. The company has a current ratio of 2.60, a quick ratio of 1.23 and a debt-to-equity ratio of 0.80. The stock’s 50-day moving average price is $276.59 and its 200-day moving average price is $287.33. The stock has a market capitalization of $4.36 billion, a price-to-earnings ratio of 40.03 and a beta of 0.84.

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

CSW Industrials Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, April 24th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Friday, April 24th. This is a boost from CSW Industrials’s previous quarterly dividend of $0.27. CSW Industrials’s dividend payout ratio is currently 17.96%.

Insider Buying and Selling at CSW Industrials

In related news, EVP Don Sullivan sold 166 shares of the company’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $300.26, for a total transaction of $49,843.16. Following the completion of the sale, the executive vice president directly owned 21,567 shares in the company, valued at $6,475,707.42. This represents a 0.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Darron K. Ash purchased 300 shares of the business’s stock in a transaction on Friday, March 13th. The stock was purchased at an average cost of $256.62 per share, for a total transaction of $76,986.00. Following the completion of the acquisition, the director directly owned 1,155 shares of the company’s stock, valued at approximately $296,396.10. The trade was a 35.09% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders sold 5,180 shares of company stock valued at $1,465,478. 1.30% of the stock is owned by corporate insiders.

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.