Warner Group LLC bought a new stake in shares of CSW Industrials, Inc. (NYSE:CSW – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,313 shares of the basic materials company’s stock, valued at approximately $679,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in CSW. Sanctuary Advisors LLC increased its stake in CSW Industrials by 8.1% in the 4th quarter. Sanctuary Advisors LLC now owns 984 shares of the basic materials company’s stock worth $289,000 after acquiring an additional 74 shares during the last quarter. Danske Bank A S bought a new stake in CSW Industrials in the 4th quarter worth approximately $29,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in CSW Industrials in the 4th quarter worth approximately $31,000. CWM LLC bought a new stake in CSW Industrials in the 4th quarter worth approximately $32,000. Finally, Salomon & Ludwin LLC bought a new stake in CSW Industrials in the 4th quarter worth approximately $36,000. Institutional investors own 82.79% of the company’s stock.
Insiders Place Their Bets
In related news, CEO Joseph B. Armes sold 1,500 shares of the business’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $286.77, for a total transaction of $430,155.00. Following the completion of the transaction, the chief executive officer owned 84,494 shares in the company, valued at $24,230,344.38. The trade was a 1.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 that occurred on Friday, March 13th. The shares were acquired at an average price of $256.62 per share, with a total value of $76,986.00. Following the acquisition, the director owned 1,155 shares in the company, valued at $296,396.10. This trade represents a 35.09% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have sold 3,680 shares of company stock worth $1,039,568 in the last 90 days. 1.30% of the stock is owned by insiders.
CSW Industrials Price Performance
CSW Industrials Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, April 24th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.5%. 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 15.92%.
Wall Street Analyst Weigh In
CSW has been the topic of a number of research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CSW Industrials in a research note on Wednesday, April 29th. Citigroup reduced their price objective on CSW Industrials from $333.00 to $307.00 and set a “neutral” rating on the stock in a research note on Friday, January 30th. Wells Fargo & Company dropped their target price on CSW Industrials from $300.00 to $280.00 and set an “equal weight” rating for the company in a report on Monday, February 2nd. Robert W. Baird began coverage on CSW Industrials in a report on Tuesday, February 17th. They issued an “outperform” rating and a $378.00 target price for the company. Finally, Truist Financial lifted their target price on CSW Industrials from $292.00 to $301.00 and gave the stock a “hold” rating in a report on Monday, April 20th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $328.43.
Check Out Our Latest Analysis on CSW Industrials
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.
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