Wasatch Advisors LP Increases Stake in CSW Industrials, Inc. $CSW

Wasatch Advisors LP grew its holdings in CSW Industrials, Inc. (NYSE:CSW) by 31.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 873,659 shares of the basic materials company’s stock after acquiring an additional 207,186 shares during the period. CSW Industrials accounts for 1.5% of Wasatch Advisors LP’s portfolio, making the stock its 19th largest holding. Wasatch Advisors LP owned 0.05% of CSW Industrials worth $227,658,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Sanctuary Advisors LLC grew its position in shares of CSW Industrials by 8.1% during the 4th quarter. Sanctuary Advisors LLC now owns 984 shares of the basic materials company’s stock valued at $289,000 after acquiring an additional 74 shares during the period. Arax Advisory Partners bought a new position in CSW Industrials in the 4th quarter worth $28,000. Danske Bank A S bought a new position in CSW Industrials in the 4th quarter worth $29,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in CSW Industrials during the fourth quarter valued at $31,000. Finally, Global Retirement Partners LLC purchased a new position in CSW Industrials during the fourth quarter valued at $31,000. Hedge funds and other institutional investors own 82.79% of the company’s stock.

Wall Street Analyst Weigh In

CSW has been the subject of several recent research reports. Weiss Ratings raised CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Truist Financial lowered their price objective on CSW Industrials from $301.00 to $300.00 and set a “hold” rating on the stock in a research report on Wednesday, May 27th. Wells Fargo & Company boosted their price objective on CSW Industrials from $280.00 to $285.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 27th. Zacks Research raised shares of CSW Industrials from a “hold” rating to a “strong-buy” rating in a report on Monday, June 8th. Finally, Citigroup decreased their target price 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. Three analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $328.57.

Insider Activity

In related news, SVP Luke Alverson sold 1,007 shares of the business’s stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $266.11, for a total value of $267,972.77. Following the sale, the senior vice president directly owned 13,457 shares in the company, valued at approximately $3,581,042.27. The trade was a 6.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Don Sullivan sold 166 shares of the 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 transaction, the executive vice president directly owned 21,567 shares of the company’s stock, valued at approximately $6,475,707.42. The trade was a 0.76% decrease in their ownership of the stock. 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 6,680 shares of company stock worth $1,884,758 over the last 90 days. Corporate insiders own 1.30% of the company’s stock.

CSW Industrials Trading Down 2.0%

CSW Industrials stock opened at $282.53 on Friday. CSW Industrials, Inc. has a 1 year low of $230.45 and a 1 year high of $337.02. The firm’s 50 day moving average price is $276.92 and its 200-day moving average price is $287.55. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.60 and a quick ratio of 1.23. The stock has a market cap of $4.61 billion, a P/E ratio of 42.30 and a beta of 0.84.

CSW Industrials (NYSE:CSW) last issued its earnings results on Tuesday, May 26th. The basic materials company reported $3.14 earnings per share for the quarter, topping analysts’ consensus estimates of $2.34 by $0.80. The firm had revenue of $308.96 million during the quarter. CSW Industrials had a net margin of 10.35% and a return on equity of 15.91%. The business’s revenue for the quarter was up 34.0% compared to the same quarter last year. On average, equities analysts predict that CSW Industrials, Inc. will post 12.52 earnings per share for the current fiscal year.

CSW Industrials Increases Dividend

The business also recently disclosed 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 is a boost from CSW Industrials’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, April 24th. This represents a $1.20 annualized dividend and a dividend yield of 0.4%. CSW Industrials’s payout ratio is currently 17.96%.

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.