Northwestern Mutual Wealth Management Co. bought a new position in CSW Industrials, Inc. (NYSE:CSW – Free Report) in the 4th quarter, HoldingsChannel reports. The fund bought 4,029 shares of the basic materials company’s stock, valued at approximately $1,183,000.
Several other hedge funds and other institutional investors have also modified their holdings of CSW. Vanguard Group Inc. acquired a new stake in shares of CSW Industrials in the fourth quarter worth $515,553,000. Conestoga Capital Advisors LLC acquired a new stake in shares of CSW Industrials in the fourth quarter worth $185,879,000. Geode Capital Management LLC acquired a new stake in shares of CSW Industrials in the fourth quarter worth $115,318,000. Congress Asset Management Co. acquired a new stake in shares of CSW Industrials in the fourth quarter worth $65,002,000. Finally, Thrivent Financial for Lutherans acquired a new stake in shares of CSW Industrials in the fourth quarter worth $54,324,000. Institutional investors and hedge funds own 82.79% of the company’s stock.
Insider Buying and Selling
In other CSW Industrials news, CEO Joseph B. Armes sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $286.77, for a total transaction of $430,155.00. Following the transaction, the chief executive officer directly owned 84,494 shares in the company, valued at $24,230,344.38. This trade represents a 1.74% decrease in their ownership of the stock. The transaction was disclosed in a 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, Director Darron K. Ash bought 300 shares of the business’s stock in a transaction on Friday, March 13th. The shares were bought at an average price of $256.62 per share, for a total transaction of $76,986.00. Following the completion of the acquisition, the director owned 1,155 shares of the company’s stock, valued at approximately $296,396.10. This 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 5,180 shares of company stock valued at $1,465,478 in the last three months. 1.30% of the stock is currently owned by corporate insiders.
CSW Industrials Price Performance
CSW Industrials (NYSE:CSW – Get Free Report) last posted its earnings results on Tuesday, May 26th. The basic materials company reported $3.14 earnings per share for the quarter, beating the consensus estimate of $2.34 by $0.80. CSW Industrials had a return on equity of 15.91% and a net margin of 10.35%.The company had revenue of $308.96 million for the quarter. The business’s quarterly revenue was up 34.0% compared to the same quarter last year. On average, analysts anticipate that CSW Industrials, Inc. will post 12.52 earnings per share for the current fiscal year.
CSW Industrials Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, April 24th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.5%. This is an increase from CSW Industrials’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, April 24th. CSW Industrials’s dividend payout ratio is 17.96%.
Analyst Ratings Changes
A number of analysts recently issued reports on CSW shares. Weiss Ratings raised CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Zacks Research raised CSW Industrials from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. Robert W. Baird started coverage on CSW Industrials in a research report on Tuesday, February 17th. They set an “outperform” rating and a $378.00 price objective for the company. Citigroup reduced their price objective on CSW Industrials from $307.00 to $304.00 and set a “neutral” rating for the company in a research report on Wednesday, May 27th. Finally, Wells Fargo & Company lifted their price objective on CSW Industrials from $280.00 to $285.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 27th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, CSW Industrials currently has a consensus rating of “Moderate Buy” and a consensus price target of $328.57.
Check Out Our Latest Stock Report on CSW Industrials
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.
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