Susquehanna Fundamental Investments LLC Trims Stock Position in CSW Industrials, Inc. $CSW

Susquehanna Fundamental Investments LLC lessened its position in shares of CSW Industrials, Inc. (NYSE:CSW) by 22.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,195 shares of the basic materials company’s stock after selling 1,802 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in CSW Industrials were worth $1,724,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of CSW Industrials during the 2nd quarter valued at $686,462,000. Vanguard Group Inc. bought a new position in shares of CSW Industrials in the fourth quarter worth $515,553,000. Capital World Investors purchased a new stake in shares of CSW Industrials in the fourth quarter worth $308,934,000. Wasatch Advisors LP raised its position in shares of CSW Industrials by 31.1% in the first quarter. Wasatch Advisors LP now owns 873,659 shares of the basic materials company’s stock worth $227,658,000 after buying an additional 207,186 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in CSW Industrials during the fourth quarter valued at $237,891,000. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

CSW Industrials Trading Down 2.9%

Shares of CSW stock opened at $299.84 on Wednesday. The business has a 50-day moving average price of $306.30 and a two-hundred day moving average price of $287.71. CSW Industrials, Inc. has a 12-month low of $230.45 and a 12-month high of $355.48. The company has a quick ratio of 1.36, a current ratio of 2.70 and a debt-to-equity ratio of 0.77. The firm has a market cap of $4.88 billion, a P/E ratio of 41.13 and a beta of 0.81.

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

CSW Industrials Announces Dividend

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

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other CSW Industrials news, CEO Joseph B. Armes sold 1,500 shares of CSW Industrials stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 69,100 shares of the company’s stock, valued at approximately $19,314,832. This trade represents a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, 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 business’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $2,223,666.64. The trade was a 10.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.20% of the stock is owned by company insiders.

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.