Quantbot Technologies LP Takes Position in CSW Industrials, Inc. $CSW

Quantbot Technologies LP acquired a new position in shares of CSW Industrials, Inc. (NYSE:CSW) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,278 shares of the basic materials company’s stock, valued at approximately $1,191,000.

Several other institutional investors have also made changes to their positions in CSW. Whittier Trust Co. increased its stake in CSW Industrials by 24.8% in the first quarter. Whittier Trust Co. now owns 252 shares of the basic materials company’s stock valued at $67,000 after acquiring an additional 50 shares during the period. Sanctuary Advisors LLC boosted its holdings in CSW Industrials by 8.1% during the fourth quarter. Sanctuary Advisors LLC now owns 984 shares of the basic materials company’s stock valued at $289,000 after purchasing an additional 74 shares in the last quarter. Arax Advisory Partners acquired a new stake in CSW Industrials during the fourth quarter valued at approximately $28,000. Danske Bank A S bought a new stake in shares of CSW Industrials in the 4th quarter valued at approximately $29,000. Finally, Valley Wealth Managers Inc. bought a new stake in shares of CSW Industrials in the 1st quarter valued at approximately $26,000. 82.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at CSW Industrials

In related news, EVP Jeff Underwood sold 720 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $346.96, for a total transaction of $249,811.20. Following the transaction, the executive vice president owned 6,409 shares in the company, valued at $2,223,666.64. This represents a 10.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Joseph B. Armes sold 1,500 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $279.52, for a total transaction 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 represents a 2.12% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.20% of the company’s stock.

CSW Industrials Stock Down 1.2%

NYSE CSW opened at $323.49 on Wednesday. The stock’s 50 day simple moving average is $302.40 and its 200 day simple moving average is $287.25. CSW Industrials, Inc. has a one year low of $230.45 and a one year high of $355.48. The firm has a market cap of $5.27 billion, a PE ratio of 44.37 and a beta of 0.83. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.70 and a quick ratio of 1.36.

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

CSW Industrials Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were paid a $0.30 dividend. 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 dividend payout ratio (DPR) is 16.46%.

Analyst Upgrades and Downgrades

Several analysts recently commented on CSW shares. Weiss Ratings raised CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. Citigroup boosted their target price on shares of CSW Industrials from $304.00 to $340.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Zacks Research lowered shares of CSW Industrials from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. JPMorgan Chase & Co. increased their target price on shares of CSW Industrials from $350.00 to $380.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Finally, Wells Fargo & Company lifted their price target on shares of CSW Industrials from $285.00 to $320.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, CSW Industrials presently has a consensus rating of “Moderate Buy” and a consensus target price of $347.57.

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.