CSW Industrials (NYSE:CSW) Director Acquires $76,986.00 in Stock

CSW Industrials, Inc. (NYSE:CSW) Director Darron Ash purchased 300 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The stock was acquired at an average cost of $256.62 per share, with a total value of $76,986.00. Following the transaction, the director directly owned 1,155 shares of the company’s stock, valued at approximately $296,396.10. This represents a 35.09% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

CSW Industrials Stock Down 1.9%

Shares of CSW opened at $255.18 on Thursday. The company has a quick ratio of 0.97, a current ratio of 2.36 and a debt-to-equity ratio of 0.72. The company has a 50-day moving average price of $295.73 and a two-hundred day moving average price of $276.52. The stock has a market cap of $4.20 billion, a price-to-earnings ratio of 33.84 and a beta of 0.81. CSW Industrials, Inc. has a 12 month low of $230.45 and a 12 month high of $338.90.

CSW Industrials (NYSE:CSW) last released its quarterly earnings data on Thursday, January 29th. The basic materials company reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.93 by ($0.51). CSW Industrials had a net margin of 12.64% and a return on equity of 14.55%. The company had revenue of $232.99 million during the quarter, compared to the consensus estimate of $249.36 million. Equities analysts predict that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, January 30th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Friday, January 30th. CSW Industrials’s dividend payout ratio is 14.32%.

Hedge Funds Weigh In On CSW Industrials

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Riverbridge Partners LLC bought a new stake in CSW Industrials during the 4th quarter worth about $38,280,000. Park Avenue Securities LLC bought a new position in shares of CSW Industrials in the fourth quarter worth about $746,000. Daymark Wealth Partners LLC bought a new position in shares of CSW Industrials in the fourth quarter worth about $531,000. SG Americas Securities LLC acquired a new position in shares of CSW Industrials during the fourth quarter worth approximately $39,915,000. Finally, Heritage Family Offices LLP acquired a new position in shares of CSW Industrials during the fourth quarter worth approximately $237,000. Institutional investors and hedge funds own 82.79% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on CSW. Citigroup cut their price objective on CSW Industrials from $333.00 to $307.00 and set a “neutral” rating for the company in a report on Friday, January 30th. Jefferies Financial Group set a $350.00 target price on shares of CSW Industrials in a report on Wednesday, December 3rd. Zacks Research cut shares of CSW Industrials from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th. Weiss Ratings reissued a “hold (c+)” rating on shares of CSW Industrials in a report on Monday, December 29th. Finally, JPMorgan Chase & Co. upgraded shares of CSW Industrials from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $300.00 to $350.00 in a research report on Wednesday, December 3rd. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, CSW Industrials has an average rating of “Hold” and an average target price of $327.14.

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.