Pure Financial Advisors LLC Takes $490,000 Position in CSW Industrials, Inc. $CSW

Pure Financial Advisors LLC purchased a new stake in CSW Industrials, Inc. (NYSE:CSW) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,761 shares of the basic materials company’s stock, valued at approximately $490,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in CSW Industrials during the second quarter worth approximately $686,462,000. Vanguard Group Inc. bought a new stake in shares of CSW Industrials in the 4th quarter valued at approximately $515,553,000. Capital World Investors purchased a new position in shares of CSW Industrials in the 4th quarter worth approximately $308,934,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of CSW Industrials in the 4th quarter worth approximately $237,891,000. Finally, Morgan Stanley bought a new position in shares of CSW Industrials during the 4th quarter valued at approximately $196,549,000. Hedge funds and other institutional investors own 82.79% of the company’s stock.

Analyst Upgrades and Downgrades

CSW has been the topic of several recent research reports. 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. Zacks Research lowered shares of CSW Industrials from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Truist Financial boosted their price objective 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 note on Monday, August 3rd. Finally, Wells Fargo & Company raised their target price on shares of CSW Industrials from $285.00 to $320.00 and gave the stock an “equal weight” rating in a report on Friday, July 31st. Two research 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’s stock. Based on data from MarketBeat.com, CSW Industrials presently has a consensus rating of “Moderate Buy” and a consensus target price of $347.57.

Insider Transactions at CSW Industrials

In other CSW Industrials news, EVP Jeff Underwood sold 720 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $346.96, for a total value of $249,811.20. Following the transaction, the executive vice president directly owned 6,409 shares in the company, valued at $2,223,666.64. This represents a 10.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Joseph B. Armes sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $279.52, for a total transaction of $419,280.00. Following the transaction, the chief executive officer directly owned 69,100 shares in the company, valued at approximately $19,314,832. This trade represents a 2.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is owned by corporate insiders.

CSW Industrials Stock Performance

CSW stock opened at $319.15 on Friday. CSW Industrials, Inc. has a twelve month low of $230.45 and a twelve month high of $355.48. The firm has a market cap of $5.20 billion, a price-to-earnings ratio of 43.78 and a beta of 0.83. The business’s fifty day simple moving average is $304.20 and its two-hundred day simple moving average is $287.79. The company has a quick ratio of 1.36, a current ratio of 2.70 and a debt-to-equity ratio of 0.77.

CSW Industrials (NYSE:CSW) last issued its earnings results on Thursday, July 30th. The basic materials company reported $3.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.66 by $0.18. The firm had revenue of $350.65 million during the quarter. CSW Industrials had a net margin of 10.34% and a return on equity of 17.41%. CSW Industrials’s quarterly revenue was up 33.0% compared to the same quarter last year. Analysts predict that CSW Industrials, Inc. will post 12.77 earnings per share for the current year.

CSW Industrials Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Friday, July 31st. CSW Industrials’s payout ratio is 16.46%.

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.