Oppenheimer Asset Management Inc. Takes $4.08 Million Position in CSW Industrials, Inc. $CSW

Oppenheimer Asset Management Inc. acquired a new position in CSW Industrials, Inc. (NYSE:CSW) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 13,884 shares of the basic materials company’s stock, valued at approximately $4,075,000.

A number of other institutional investors and hedge funds have also bought and sold shares of CSW. 1900 Wealth Management LLC bought a new stake in CSW Industrials in the 4th quarter valued at $5,363,000. Jacobson & Schmitt Advisors LLC bought a new position in shares of CSW Industrials during the 4th quarter worth about $18,341,000. Harbor Capital Advisors Inc. bought a new position in shares of CSW Industrials during the 4th quarter worth about $2,359,000. Allspring Global Investments Holdings LLC acquired a new position in shares of CSW Industrials during the fourth quarter valued at about $41,461,000. Finally, Avior Wealth Management LLC bought a new stake in shares of CSW Industrials in the fourth quarter valued at about $807,000. Institutional investors own 82.79% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Don Sullivan sold 166 shares of the business’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $300.26, for a total transaction of $49,843.16. Following the completion of the sale, the executive vice president owned 21,567 shares in the company, valued at $6,475,707.42. The trade was a 0.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Darron K. Ash acquired 300 shares of the company’s stock in a transaction on Friday, March 13th. The shares were purchased at an average cost of $256.62 per share, with a total value of $76,986.00. Following the completion of the acquisition, the director directly owned 1,155 shares in the company, valued at approximately $296,396.10. The trade was a 35.09% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders sold 3,173 shares of company stock valued at $905,981. 1.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

CSW has been the topic of a number of recent research reports. The Goldman Sachs Group lifted their target price on CSW Industrials from $302.00 to $333.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 13th. Citigroup cut their price target on CSW Industrials from $333.00 to $307.00 and set a “neutral” rating for the company in a report on Friday, January 30th. Weiss Ratings reissued a “hold (c)” rating on shares of CSW Industrials in a report on Wednesday. Robert W. Baird assumed coverage on CSW Industrials in a research report on Tuesday, February 17th. They set an “outperform” rating and a $378.00 price objective on the stock. Finally, Wells Fargo & Company cut their target price on CSW Industrials from $300.00 to $280.00 and set an “equal weight” rating for the company in a research note on Monday, February 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $328.43.

CSW Industrials Stock Down 0.2%

NYSE CSW opened at $286.54 on Monday. CSW Industrials, Inc. has a 1-year low of $230.45 and a 1-year high of $338.90. The company has a market capitalization of $4.72 billion, a price-to-earnings ratio of 38.00 and a beta of 0.88. The stock’s 50 day moving average is $278.33 and its two-hundred day moving average is $282.71. The company has a current ratio of 2.36, a quick ratio of 0.97 and a debt-to-equity ratio of 0.72.

CSW Industrials (NYSE:CSW) last posted its earnings results on Thursday, January 29th. The basic materials company reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.93 by ($0.51). The firm had revenue of $232.99 million during the quarter, compared to the consensus estimate of $249.36 million. CSW Industrials had a return on equity of 14.55% and a net margin of 12.64%. Equities analysts forecast that CSW Industrials, Inc. will post 9.9 earnings per share for the current fiscal year.

CSW Industrials Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Friday, April 24th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.4%. This is a boost from CSW Industrials’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, April 24th. CSW Industrials’s dividend payout ratio is 15.92%.

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.