Riverbridge Partners LLC Purchases New Shares in CSW Industrials, Inc. $CSW

Riverbridge Partners LLC acquired a new position in CSW Industrials, Inc. (NYSE:CSW) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 130,412 shares of the basic materials company’s stock, valued at approximately $38,280,000.

Other large investors have also recently modified their holdings of the company. Avior Wealth Management LLC purchased a new position in shares of CSW Industrials during the fourth quarter valued at about $807,000. Congress Asset Management Co. bought a new stake in CSW Industrials during the 4th quarter valued at approximately $65,002,000. SG Americas Securities LLC purchased a new position in shares of CSW Industrials during the 4th quarter worth approximately $39,915,000. Argent Capital Management LLC bought a new position in shares of CSW Industrials in the 4th quarter worth approximately $601,000. Finally, Park Avenue Securities LLC purchased a new position in shares of CSW Industrials in the 4th quarter valued at approximately $746,000. Institutional investors own 82.79% of the company’s stock.

Insider Transactions at CSW Industrials

In related news, Director Darron K. Ash bought 300 shares of the business’s stock in a transaction on Friday, March 13th. The stock was acquired at an average price of $256.62 per share, with a total value of $76,986.00. Following the transaction, the director owned 1,155 shares in the company, valued at approximately $296,396.10. This trade represents a 35.09% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Joseph B. Armes sold 1,000 shares of the business’s stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $328.64, for a total transaction of $328,640.00. Following the sale, the chief executive officer owned 62,526 shares of the company’s stock, valued at approximately $20,548,544.64. This represents a 1.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.30% of the company’s stock.

CSW Industrials Stock Down 4.1%

CSW Industrials stock opened at $258.44 on Friday. CSW Industrials, Inc. has a 12 month low of $230.45 and a 12 month high of $338.90. The stock has a fifty day simple moving average of $288.72 and a two-hundred day simple moving average of $276.27. The company has a current ratio of 2.36, a quick ratio of 0.97 and a debt-to-equity ratio of 0.72. The firm has a market cap of $4.26 billion, a price-to-earnings ratio of 34.28 and a beta of 0.81.

CSW Industrials (NYSE:CSW) last announced its quarterly earnings results on Thursday, January 29th. The basic materials company reported $1.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.51). CSW Industrials had a net margin of 12.64% and a return on equity of 14.55%. The business had revenue of $232.99 million for 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 Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CSW. CJS Securities raised CSW Industrials to a “strong-buy” rating in a research note on Thursday, December 11th. Robert W. Baird assumed coverage on shares of CSW Industrials in a research report on Tuesday, February 17th. They issued an “outperform” rating and a $378.00 target price on the stock. Citigroup lowered their price target on shares of CSW Industrials from $333.00 to $307.00 and set a “neutral” rating for the company in a research report on Friday, January 30th. Jefferies Financial Group set a $350.00 price objective on shares of CSW Industrials in a report on Wednesday, December 3rd. Finally, The Goldman Sachs Group boosted their price target on CSW Industrials from $302.00 to $333.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 13th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, CSW Industrials presently has a consensus rating of “Hold” and an average target price of $327.14.

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.