Punch & Associates Investment Management Inc. Takes Position in CSW Industrials, Inc. $CSW

Punch & Associates Investment Management Inc. bought a new stake in shares of CSW Industrials, Inc. (NYSE:CSW) in the 4th quarter, Holdings Channel reports. The firm bought 50,018 shares of the basic materials company’s stock, valued at approximately $14,682,000.

Other large investors have also recently made changes to their positions in the company. Arax Advisory Partners purchased a new position in shares of CSW Industrials during the fourth quarter valued at approximately $28,000. Danske Bank A S purchased a new position in shares of CSW Industrials during the fourth quarter valued at approximately $29,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of CSW Industrials during the fourth quarter valued at approximately $31,000. Global Retirement Partners LLC purchased a new position in shares of CSW Industrials during the fourth quarter valued at approximately $31,000. Finally, CWM LLC purchased a new position in shares of CSW Industrials during the fourth quarter valued at approximately $32,000. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

CSW Industrials Price Performance

Shares of NYSE CSW opened at $275.11 on Wednesday. CSW Industrials, Inc. has a twelve month low of $230.45 and a twelve month high of $337.02. The firm has a market cap of $4.49 billion, a P/E ratio of 41.18 and a beta of 0.84. The company has a 50 day moving average of $278.00 and a 200 day moving average of $288.00. The company has a quick ratio of 1.23, a current ratio of 2.60 and a debt-to-equity ratio of 0.80.

CSW Industrials (NYSE:CSW) last announced its quarterly earnings data on Tuesday, May 26th. The basic materials company reported $3.14 earnings per share for the quarter, topping analysts’ consensus estimates of $2.34 by $0.80. CSW Industrials had a net margin of 10.35% and a return on equity of 15.91%. The company had revenue of $308.96 million during the quarter. The business’s quarterly revenue was up 34.0% on a year-over-year basis. As a group, research analysts expect that CSW Industrials, Inc. will post 12.52 EPS for the current fiscal year.

CSW Industrials Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, April 24th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Friday, April 24th. This is an increase from CSW Industrials’s previous quarterly dividend of $0.27. CSW Industrials’s dividend payout ratio (DPR) is presently 17.96%.

Insider Buying and Selling

In related news, CEO Joseph B. Armes sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $279.52, for a total value of $419,280.00. Following the completion of the transaction, the chief executive officer directly owned 69,100 shares in the company, valued at $19,314,832. The trade was a 2.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Don Sullivan sold 166 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president owned 21,567 shares of the company’s stock, valued at approximately $6,475,707.42. The trade was a 0.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 6,680 shares of company stock worth $1,884,758 in the last three months. Insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CSW shares. Truist Financial cut their price objective on shares of CSW Industrials from $301.00 to $300.00 and set a “hold” rating on the stock in a research report on Wednesday, May 27th. Robert W. Baird started coverage on shares of CSW Industrials in a research report on Tuesday, February 17th. They set an “outperform” rating and a $378.00 price objective on the stock. Weiss Ratings raised shares of CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Zacks Research raised shares of CSW Industrials from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. Finally, Citigroup decreased their price objective on shares of CSW Industrials from $307.00 to $304.00 and set a “neutral” rating for the company in a report on Wednesday, May 27th. Three research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, CSW Industrials presently has an average rating of “Moderate Buy” and an average price target of $328.57.

CSW Industrials Company 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.