3,042 Shares in CSW Industrials, Inc. $CSW Bought by Saturna Capital Corp

Saturna Capital Corp bought a new stake in shares of CSW Industrials, Inc. (NYSE:CSW) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,042 shares of the basic materials company’s stock, valued at approximately $893,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of CSW. Danske Bank A S bought a new position in shares of CSW Industrials during the 4th quarter valued at about $29,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of CSW Industrials in the fourth quarter worth about $31,000. Global Retirement Partners LLC bought a new position in CSW Industrials during the fourth quarter valued at approximately $31,000. CWM LLC purchased a new position in CSW Industrials during the 4th quarter valued at approximately $32,000. Finally, Salomon & Ludwin LLC bought a new stake in CSW Industrials in the 4th quarter worth approximately $36,000. 82.79% of the stock is currently owned by institutional investors.

Insider Activity

In other CSW Industrials 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 transaction of $49,843.16. Following the completion of the transaction, the executive vice president owned 21,567 shares in the company, valued at $6,475,707.42. The trade was a 0.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 shares were sold at an average price of $286.77, for a total value of $430,155.00. Following the transaction, the chief executive officer owned 84,494 shares of the company’s stock, valued at $24,230,344.38. This trade represents a 1.74% 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 sold a total of 5,180 shares of company stock valued at $1,465,478 in the last quarter. 1.30% of the stock is currently owned by company insiders.

CSW Industrials Stock Performance

NYSE CSW opened at $266.11 on Thursday. The business’s 50 day moving average price is $277.00 and its 200-day moving average price is $287.75. CSW Industrials, Inc. has a fifty-two week low of $230.45 and a fifty-two week high of $337.02. The company has a market cap of $4.34 billion, a P/E ratio of 39.84 and a beta of 0.84. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.23 and a current ratio of 2.60.

CSW Industrials (NYSE:CSW) last released its quarterly earnings results on Tuesday, May 26th. The basic materials company reported $3.14 earnings per share for the quarter, beating the consensus estimate of $2.34 by $0.80. The company had revenue of $308.96 million for the quarter. CSW Industrials had a return on equity of 15.91% and a net margin of 10.35%.The business’s revenue was up 34.0% on a year-over-year basis. Sell-side analysts predict that CSW Industrials, Inc. will post 12.52 earnings per share for the current year.

CSW Industrials Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, April 24th were issued a $0.30 dividend. This is a boost from CSW Industrials’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, April 24th. This represents a $1.20 annualized dividend and a dividend yield of 0.5%. CSW Industrials’s dividend payout ratio (DPR) is 17.96%.

Analyst Ratings Changes

A number of research firms have recently commented on CSW. Truist Financial lowered their target price on CSW Industrials from $301.00 to $300.00 and set a “hold” rating for the company in a research report on Wednesday, May 27th. Wells Fargo & Company upped their price target on shares of CSW Industrials from $280.00 to $285.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 27th. Citigroup lowered their price objective on shares of CSW Industrials from $307.00 to $304.00 and set a “neutral” rating for the company in a research report on Wednesday, May 27th. Weiss Ratings upgraded shares of CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Finally, Zacks Research upgraded shares of CSW Industrials from a “hold” rating to a “strong-buy” rating in a research report on Monday. Three research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, CSW Industrials currently has an average rating of “Moderate Buy” and a consensus target price of $328.57.

About CSW Industrials

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.