First National Bank of Omaha Invests $519,000 in CSW Industrials, Inc. $CSW

First National Bank of Omaha acquired a new position in shares of CSW Industrials, Inc. (NYSE:CSW) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 1,865 shares of the basic materials company’s stock, valued at approximately $519,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Arax Advisory Partners bought a new stake in CSW Industrials in the 4th quarter valued at approximately $28,000. Danske Bank A S bought a new position in shares of CSW Industrials during the 4th quarter worth approximately $29,000. Valley Wealth Managers Inc. acquired a new stake in shares of CSW Industrials in the first quarter valued at approximately $26,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of CSW Industrials in the fourth quarter valued at approximately $31,000. Finally, Global Retirement Partners LLC acquired a new stake in shares of CSW Industrials in the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 82.79% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on CSW. Zacks Research cut shares of 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. JPMorgan Chase & Co. boosted their price target on shares of CSW Industrials from $350.00 to $380.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Wells Fargo & Company increased their price objective on shares of CSW Industrials from $285.00 to $320.00 and gave the stock an “equal weight” rating in a research note on Friday, July 31st. Finally, Truist Financial increased their price objective on shares of CSW Industrials from $313.00 to $332.00 and gave the stock a “hold” rating in a research note on Monday, August 3rd. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, CSW Industrials currently has an average rating of “Moderate Buy” and a consensus price target of $347.57.

Insider Buying and Selling

In other news, EVP Jeff Underwood sold 720 shares of CSW Industrials 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 transaction, the executive vice president directly owned 6,409 shares in the company, valued at approximately $2,223,666.64. The trade was a 10.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Joseph B. Armes sold 1,500 shares of the business’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 value of $419,280.00. Following 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 3,720 shares of company stock valued at $1,095,001. Insiders own 1.20% of the company’s stock.

CSW Industrials Stock Down 1.1%

Shares of CSW stock opened at $328.29 on Thursday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.36 and a current ratio of 2.70. The firm’s 50-day moving average is $298.26 and its 200-day moving average is $285.56. The stock has a market cap of $5.35 billion, a price-to-earnings ratio of 45.03 and a beta of 0.83. CSW Industrials, Inc. has a 52-week low of $230.45 and a 52-week high of $355.48.

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 the consensus estimate of $3.66 by $0.18. CSW Industrials had a net margin of 10.34% and a return on equity of 17.41%. The business had revenue of $350.65 million during the quarter. The company’s quarterly revenue was up 33.0% on a year-over-year basis. Sell-side analysts predict that CSW Industrials, Inc. will post 12.77 EPS for the current year.

CSW Industrials Dividend Announcement

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

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.