Thrivent Financial for Lutherans Invests $54.32 Million in CSW Industrials, Inc. $CSW

Thrivent Financial for Lutherans purchased a new stake in shares of CSW Industrials, Inc. (NYSE:CSW) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 185,070 shares of the basic materials company’s stock, valued at approximately $54,324,000.

A number of other hedge funds also recently bought and sold shares of the business. Oregon Public Employees Retirement Fund purchased a new position in CSW Industrials during the 4th quarter valued at about $1,130,000. Schwartz Investment Counsel Inc. purchased a new position in CSW Industrials during the 4th quarter valued at about $7,632,000. Bailard Inc. purchased a new position in CSW Industrials during the 4th quarter valued at about $491,000. Nicholas Company Inc. purchased a new position in CSW Industrials during the 4th quarter valued at about $3,290,000. Finally, Swiss Life Asset Management Ltd purchased a new position in CSW Industrials during the 4th quarter valued at about $439,000. Hedge funds and other institutional investors own 82.79% of the company’s stock.

CSW Industrials Stock Performance

CSW Industrials stock opened at $256.06 on Friday. The stock’s 50 day simple moving average is $273.65 and its two-hundred day simple moving average is $284.13. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.97 and a current ratio of 2.36. The stock has a market cap of $4.22 billion, a price-to-earnings ratio of 33.96 and a beta of 0.88. CSW Industrials, Inc. has a fifty-two week low of $230.45 and a fifty-two week high of $337.02.

CSW Industrials Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, April 24th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Friday, April 24th. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.27. CSW Industrials’s payout ratio is presently 15.92%.

Insider Transactions at CSW Industrials

In other news, EVP Don Sullivan sold 166 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $300.26, for a total value of $49,843.16. Following the sale, the executive vice president directly owned 21,567 shares of the company’s stock, valued at $6,475,707.42. The trade was a 0.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Joseph B. Armes sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $286.77, for a total value of $430,155.00. Following the completion of the sale, the chief executive officer directly owned 84,494 shares in the company, valued at approximately $24,230,344.38. This represents a 1.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 3,680 shares of company stock valued at $1,039,568. Insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CSW. Weiss Ratings restated a “hold (c)” rating on shares of CSW Industrials in a report on Wednesday, April 29th. Robert W. Baird began coverage on CSW Industrials in a report on Tuesday, February 17th. They set an “outperform” rating and a $378.00 price target on the stock. Citigroup reduced their price target on CSW Industrials from $333.00 to $307.00 and set a “neutral” rating on the stock in a report on Friday, January 30th. Truist Financial boosted their price target on CSW Industrials from $292.00 to $301.00 and gave the company a “hold” rating in a report on Monday, April 20th. Finally, Zacks Research upgraded CSW Industrials from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $328.43.

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.