CSW Industrials, Inc. $CSW Stake Lessened by SG Americas Securities LLC

SG Americas Securities LLC decreased its holdings in shares of CSW Industrials, Inc. (NYSE:CSW) by 73.9% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 35,542 shares of the basic materials company’s stock after selling 100,442 shares during the quarter. SG Americas Securities LLC’s holdings in CSW Industrials were worth $9,262,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Arax Advisory Partners acquired a new stake in CSW Industrials during the 4th quarter worth about $28,000. Danske Bank A S acquired a new position in shares of CSW Industrials in 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 approximately $31,000. Global Retirement Partners LLC purchased a new stake in shares of CSW Industrials in the fourth quarter worth approximately $31,000. Finally, CWM LLC purchased a new stake in shares of CSW Industrials in the fourth quarter worth approximately $32,000. 82.79% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at CSW Industrials

In related news, SVP Luke Alverson sold 1,007 shares of the stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $289.57, for a total value of $291,596.99. Following the completion of the transaction, the senior vice president owned 12,450 shares of the company’s stock, valued at $3,605,146.50. This represents a 7.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at 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 that occurred on Wednesday, April 15th. The shares were 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 in the company, valued at $6,475,707.42. The trade was a 0.76% 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. Over the last quarter, insiders have sold 6,680 shares of company stock worth $1,884,758. Insiders own 1.30% of the company’s stock.

CSW Industrials Trading Down 2.0%

Shares of NYSE CSW opened at $282.53 on Friday. The business has a 50 day simple moving average of $276.92 and a 200 day simple moving average of $287.55. CSW Industrials, Inc. has a 52 week low of $230.45 and a 52 week high of $337.02. The stock has a market cap of $4.61 billion, a price-to-earnings ratio of 42.30 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 issued its quarterly earnings data 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 firm had revenue of $308.96 million for the quarter. CSW Industrials had a net margin of 10.35% and a return on equity of 15.91%. The firm’s revenue was up 34.0% compared to the same quarter last year. On average, research analysts predict that CSW Industrials, Inc. will post 12.52 earnings per share for the current fiscal year.

CSW Industrials Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, April 24th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.4%. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, April 24th. CSW Industrials’s dividend payout ratio is currently 17.96%.

Analyst Upgrades and Downgrades

CSW has been the topic of a number of research analyst reports. Zacks Research raised shares of CSW Industrials from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. Wells Fargo & Company increased their target price on shares of CSW Industrials from $280.00 to $285.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 27th. Weiss Ratings raised shares of CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Citigroup dropped their price target on shares of CSW Industrials from $307.00 to $304.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 27th. Finally, Truist Financial cut their price objective on CSW Industrials from $301.00 to $300.00 and set a “hold” rating for the company in a report on Wednesday, May 27th. Three 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 stock. According to data from MarketBeat.com, the stock presently has a consensus 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.