Wasatch Advisors LP Has $192.87 Million Holdings in CSW Industrials, Inc. $CSW

Wasatch Advisors LP cut its holdings in CSW Industrials, Inc. (NYSE:CSW) by 20.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 693,036 shares of the basic materials company’s stock after selling 180,623 shares during the period. CSW Industrials makes up 1.3% of Wasatch Advisors LP’s investment portfolio, making the stock its 25th biggest holding. Wasatch Advisors LP’s holdings in CSW Industrials were worth $192,872,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. acquired a new position in CSW Industrials during the fourth quarter worth $515,553,000. Capital World Investors acquired a new stake in shares of CSW Industrials in the fourth quarter worth about $308,934,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of CSW Industrials in the fourth quarter worth about $237,891,000. Morgan Stanley bought a new stake in shares of CSW Industrials during the 4th quarter worth about $196,549,000. Finally, State Street Corp bought a new stake in shares of CSW Industrials during the 4th quarter worth about $187,169,000. 82.79% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Joseph B. Armes sold 1,500 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $279.52, for a total value of $419,280.00. Following the completion of the sale, the chief executive officer directly owned 69,100 shares of the company’s stock, valued at approximately $19,314,832. This represents a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jeff Underwood sold 720 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $346.96, for a total transaction of $249,811.20. Following the completion of the sale, the executive vice president owned 6,409 shares in the company, valued at approximately $2,223,666.64. The trade was a 10.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 3,720 shares of company stock valued at $1,095,001. Corporate insiders own 1.20% of the company’s stock.

CSW Industrials Trading Up 1.0%

CSW Industrials stock opened at $351.13 on Wednesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.36 and a current ratio of 2.70. The business’s 50-day simple moving average is $289.86 and its 200-day simple moving average is $284.31. The firm has a market capitalization of $5.72 billion, a PE ratio of 48.17 and a beta of 0.83. CSW Industrials, Inc. has a 52 week low of $230.45 and a 52 week high of $355.48.

CSW Industrials (NYSE:CSW) last posted its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.84 earnings per share for the quarter, topping the consensus estimate of $3.66 by $0.18. CSW Industrials had a return on equity of 17.41% and a net margin of 10.34%.The business had revenue of $350.65 million during the quarter. CSW Industrials’s revenue was up 33.0% on a year-over-year basis. Equities research analysts forecast that CSW Industrials, Inc. will post 12.77 earnings per share for the current year.

CSW Industrials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, July 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.3%. CSW Industrials’s payout ratio is 16.46%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CSW shares. Citigroup boosted their target price on CSW Industrials from $304.00 to $340.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. JPMorgan Chase & Co. increased their price target on CSW Industrials from $350.00 to $380.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Truist Financial lifted their price target on shares of CSW Industrials from $313.00 to $332.00 and gave the company a “hold” rating in a research report on Monday, August 3rd. Weiss Ratings raised shares of CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 3rd. Finally, Zacks Research cut shares of CSW Industrials from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $347.57.

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.