Callan Family Office LLC Invests $558,000 in CSW Industrials, Inc. $CSW

Callan Family Office LLC bought a new stake in shares of CSW Industrials, Inc. (NYSE:CSW) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 2,006 shares of the basic materials company’s stock, valued at approximately $558,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Nicholas Company Inc. acquired a new stake in CSW Industrials during the fourth quarter valued at approximately $3,290,000. Mawer Investment Management Ltd. acquired a new position in shares of CSW Industrials in the 4th quarter worth approximately $4,454,000. LRT Capital Management LLC acquired a new position in shares of CSW Industrials in the 4th quarter worth approximately $1,550,000. Norges Bank bought a new position in shares of CSW Industrials during the 4th quarter worth approximately $86,425,000. Finally, Moody Aldrich Partners LLC bought a new position in shares of CSW Industrials during the 4th quarter worth approximately $5,149,000. Institutional investors own 82.79% of the company’s stock.

CSW Industrials Stock Down 1.2%

NYSE CSW opened at $323.49 on Wednesday. The stock’s 50 day simple moving average is $302.40 and its 200 day simple moving average is $287.25. CSW Industrials, Inc. has a one year low of $230.45 and a one year high of $355.48. The firm has a market cap of $5.27 billion, a PE ratio of 44.37 and a beta of 0.83. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.70 and a quick ratio of 1.36.

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

CSW Industrials Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were paid a $0.30 dividend. The ex-dividend date was Friday, July 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.4%. CSW Industrials’s dividend payout ratio (DPR) is 16.46%.

Insider Transactions at CSW Industrials

In other CSW Industrials news, CEO Joseph B. Armes sold 1,500 shares of the stock in a transaction dated 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. This represents a 2.12% decrease in their position. The sale 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 dated Monday, August 10th. The shares were 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 of the company’s stock, valued at $2,223,666.64. The trade was a 10.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Wells Fargo & Company boosted their price target on CSW Industrials from $285.00 to $320.00 and gave the company an “equal weight” rating in a research note on Friday, July 31st. Truist Financial increased their price objective on CSW Industrials from $313.00 to $332.00 and gave the stock a “hold” rating in a research note on Monday, August 3rd. Zacks Research cut CSW Industrials from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Weiss Ratings upgraded shares of CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. Finally, JPMorgan Chase & Co. upped their target price on shares of CSW Industrials from $350.00 to $380.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, CSW Industrials currently has a consensus rating of “Moderate Buy” and a consensus target price of $347.57.

CSW Industrials 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.