Southernsun Asset Management LLC Grows Holdings in CSW Industrials, Inc. $CSW

Southernsun Asset Management LLC grew its position in CSW Industrials, Inc. (NYSE:CSW) by 32.3% in the first quarter, HoldingsChannel reports. The fund owned 88,336 shares of the basic materials company’s stock after acquiring an additional 21,588 shares during the quarter. CSW Industrials accounts for about 3.3% of Southernsun Asset Management LLC’s portfolio, making the stock its 17th largest position. Southernsun Asset Management LLC’s holdings in CSW Industrials were worth $23,019,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Whittier Trust Co. grew its position in shares of CSW Industrials by 24.8% during the 1st quarter. Whittier Trust Co. now owns 252 shares of the basic materials company’s stock valued at $67,000 after acquiring an additional 50 shares during the period. Sanctuary Advisors LLC raised its holdings in CSW Industrials by 8.1% in 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 period. Arax Advisory Partners acquired a new position in CSW Industrials in the 4th quarter worth about $28,000. Danske Bank A S purchased a new position in CSW Industrials during the fourth quarter worth approximately $29,000. Finally, Valley Wealth Managers Inc. purchased a new position in CSW Industrials during the first quarter worth approximately $26,000. 82.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at CSW Industrials

In other CSW Industrials news, CEO Joseph B. Armes sold 1,500 shares of CSW Industrials stock in a transaction on Monday, June 15th. The shares were sold at an average price of $279.52, for a total transaction of $419,280.00. Following the sale, the chief executive officer owned 69,100 shares of the company’s stock, valued at $19,314,832. The trade was a 2.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Luke Alverson sold 1,007 shares of the company’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $289.57, for a total transaction of $291,596.99. Following the sale, the senior vice president directly owned 12,450 shares of the company’s stock, valued at $3,605,146.50. The trade was a 7.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 4,007 shares of company stock worth $1,136,787. 1.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Zacks Research raised CSW Industrials from a “hold” rating to a “strong-buy” rating in a report on Monday, June 8th. Wells Fargo & Company upped their target price on CSW Industrials from $280.00 to $285.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 27th. Weiss Ratings lowered CSW Industrials from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, July 14th. 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 boosted their price target on shares of CSW Industrials from $300.00 to $313.00 and gave the stock a “hold” rating in a report on Thursday, July 2nd. Three analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $330.43.

CSW Industrials Price Performance

Shares of CSW Industrials stock opened at $276.82 on Wednesday. The stock has a market capitalization of $4.51 billion, a P/E ratio of 41.44 and a beta of 0.84. The business has a 50 day simple moving average of $274.99 and a two-hundred day simple moving average of $284.08. CSW Industrials, Inc. has a 12 month low of $230.45 and a 12 month high of $337.02. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.60 and a quick ratio of 1.23.

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

CSW Industrials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be issued a $0.30 dividend. The ex-dividend date is Friday, July 31st. This represents a $1.20 dividend on an annualized basis and a yield of 0.4%. CSW Industrials’s dividend payout ratio (DPR) is presently 17.96%.

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.