Sequoia Financial Advisors LLC Invests $972,000 in CSW Industrials, Inc. $CSW

Sequoia Financial Advisors LLC purchased a new position in shares of CSW Industrials, Inc. (NYSE:CSW) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,313 shares of the basic materials company’s stock, valued at approximately $972,000.

Several other institutional investors also recently modified their holdings of the stock. Sanctuary Advisors LLC raised its position in CSW Industrials by 8.1% during the 4th quarter. Sanctuary Advisors LLC now owns 984 shares of the basic materials company’s stock worth $289,000 after purchasing an additional 74 shares during the last quarter. Danske Bank A S acquired a new stake in shares of CSW Industrials in the fourth quarter valued at about $29,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of CSW Industrials during the fourth quarter worth about $31,000. CWM LLC acquired a new position in shares of CSW Industrials in the fourth quarter worth approximately $32,000. Finally, Salomon & Ludwin LLC acquired a new position in shares of CSW Industrials in the fourth quarter worth approximately $36,000. 82.79% of the stock is currently owned by institutional investors and hedge funds.

CSW Industrials Stock Down 0.7%

Shares of CSW Industrials stock opened at $259.55 on Thursday. CSW Industrials, Inc. has a one year low of $230.45 and a one year high of $338.90. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.36 and a quick ratio of 0.97. The stock’s 50-day moving average is $274.37 and its 200 day moving average is $284.19. The firm has a market cap of $4.27 billion, a price-to-earnings ratio of 34.42 and a beta of 0.88.

CSW Industrials Increases Dividend

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

Wall Street Analyst Weigh In

CSW has been the topic of a number of recent analyst reports. Wells Fargo & Company cut their price objective on CSW Industrials from $300.00 to $280.00 and set an “equal weight” rating on the stock in a research note on Monday, February 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CSW Industrials in a research note on Wednesday, April 29th. Citigroup cut their price objective on CSW Industrials from $333.00 to $307.00 and set a “neutral” rating on the stock in a research note on Friday, January 30th. Robert W. Baird assumed coverage on shares of CSW Industrials in a research report on Tuesday, February 17th. They set an “outperform” rating and a $378.00 price target on the stock. Finally, Truist Financial upped their price target on shares of CSW Industrials from $292.00 to $301.00 and gave the company a “hold” rating in a research report on Monday, April 20th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $328.43.

Insiders Place Their Bets

In other news, SVP Luke Alverson sold 1,007 shares of the firm’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $289.57, for a total value of $291,596.99. Following the completion of the sale, the senior vice president directly owned 12,450 shares in the company, valued at $3,605,146.50. This trade represents a 7.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Darron K. Ash bought 300 shares of CSW Industrials stock in a transaction dated Friday, March 13th. The stock was purchased at an average price of $256.62 per share, with a total value of $76,986.00. Following the completion of the purchase, the director owned 1,155 shares in the company, valued at $296,396.10. This trade represents a 35.09% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have sold 3,680 shares of company stock worth $1,039,568 in the last quarter. 1.30% of the stock is currently owned by company insiders.

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.