Granite Investment Partners LLC Invests $7.58 Million in CSW Industrials, Inc. $CSW

Granite Investment Partners LLC purchased a new position in CSW Industrials, Inc. (NYSE:CSW) during the first quarter, HoldingsChannel reports. The firm purchased 29,080 shares of the basic materials company’s stock, valued at approximately $7,578,000.

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

Analyst Upgrades and Downgrades

Several analysts have commented on CSW shares. Weiss Ratings upgraded CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Wells Fargo & Company boosted their price target on CSW Industrials from $280.00 to $285.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 27th. Citigroup dropped their price objective 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. Zacks Research upgraded CSW Industrials from a “hold” rating to a “strong-buy” rating in a report on Monday, June 8th. Finally, Truist Financial boosted their target price on CSW Industrials from $300.00 to $313.00 and gave the stock a “hold” rating in a research report on Thursday, July 2nd. Three investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $330.43.

CSW Industrials Stock Performance

Shares of CSW opened at $271.99 on Thursday. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.60 and a quick ratio of 1.23. CSW Industrials, Inc. has a one year low of $230.45 and a one year high of $337.02. The firm has a market capitalization of $4.44 billion, a P/E ratio of 40.72 and a beta of 0.84. The business has a fifty day moving average of $274.02 and a 200 day moving average of $285.43.

CSW Industrials (NYSE:CSW) last posted 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. 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 for the quarter. CSW Industrials’s revenue for the quarter was up 34.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that CSW Industrials, Inc. will post 12.52 EPS for the current year.

Insider Activity at CSW Industrials

In other CSW Industrials news, SVP Luke Alverson sold 1,007 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $289.57, for a total value of $291,596.99. Following the transaction, the senior vice president directly owned 12,450 shares in the company, valued at approximately $3,605,146.50. This trade represents a 7.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Don Sullivan sold 166 shares of CSW Industrials 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 transaction, the executive vice president owned 21,567 shares in the company, valued at $6,475,707.42. This represents a 0.76% 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. Over the last ninety days, insiders sold 5,673 shares of company stock worth $1,616,785. 1.30% of the stock is owned by company insiders.

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.