Tidal Investments LLC raised its stake in shares of CSW Industrials, Inc. (NYSE:CSW – Free Report) by 30.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,251 shares of the basic materials company’s stock after buying an additional 13,287 shares during the period. Tidal Investments LLC’s holdings in CSW Industrials were worth $15,655,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in CSW. Valley Wealth Managers Inc. bought a new position in shares of CSW Industrials in the 1st quarter valued at approximately $26,000. Arax Advisory Partners bought a new stake in CSW Industrials during the fourth quarter worth approximately $28,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in CSW Industrials during the second quarter worth approximately $29,000. Public Employees Retirement System of Ohio acquired a new position in CSW Industrials during the second quarter valued at approximately $29,000. Finally, Global Retirement Partners LLC acquired a new position in CSW Industrials during the second quarter valued at approximately $31,000. Institutional investors and hedge funds own 82.79% of the company’s stock.
Analyst Ratings Changes
CSW has been the subject of a number of analyst reports. 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. raised their target price on shares of CSW Industrials from $350.00 to $380.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Wells Fargo & Company lifted their target price on shares of CSW Industrials from $285.00 to $320.00 and gave the stock an “equal weight” rating in a report on Friday, July 31st. Citigroup boosted their target price on shares of CSW Industrials from $304.00 to $340.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Finally, Truist Financial upped their price target on shares of CSW Industrials from $313.00 to $332.00 and gave the company a “hold” rating in a report on Monday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $347.57.
Insider Activity
In other CSW Industrials news, EVP Jeff Underwood sold 720 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $346.96, for a total value of $249,811.20. Following the completion of the sale, the executive vice president owned 6,409 shares in the company, valued at approximately $2,223,666.64. This trade represents a 10.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Joseph Armes sold 1,500 shares of CSW Industrials 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 sale, 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. 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. 1.20% of the stock is currently owned by company insiders.
CSW Industrials Trading Down 1.7%
Shares of CSW stock opened at $291.24 on Friday. CSW Industrials, Inc. has a 1 year low of $230.45 and a 1 year high of $355.48. The firm’s fifty day simple moving average is $309.61 and its 200 day simple moving average is $287.43. The firm has a market capitalization of $4.74 billion, a P/E ratio of 39.95 and a beta of 0.81. The company has a current ratio of 2.70, a quick ratio of 1.36 and a debt-to-equity ratio of 0.77.
CSW Industrials (NYSE:CSW – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.84 earnings per share for the quarter, beating analysts’ consensus estimates of $3.66 by $0.18. The firm had revenue of $350.65 million during the quarter. CSW Industrials had a net margin of 10.34% and a return on equity of 17.41%. CSW Industrials’s revenue was up 33.0% on a year-over-year basis. As a group, sell-side analysts predict that CSW Industrials, Inc. will post 12.77 EPS for the current year.
CSW Industrials Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, July 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.4%. CSW Industrials’s dividend payout ratio is currently 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.
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