Grace & White Inc. NY Invests $1.79 Million in CSW Industrials, Inc. $CSW

Grace & White Inc. NY purchased a new position in shares of CSW Industrials, Inc. (NYSE:CSW) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 6,080 shares of the basic materials company’s stock, valued at approximately $1,785,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CWM LLC bought a new stake in shares of CSW Industrials during the 4th quarter worth approximately $32,000. GAMMA Investing LLC bought a new stake in shares of CSW Industrials during the 4th quarter worth approximately $50,000. Blue Trust Inc. bought a new stake in shares of CSW Industrials during the 4th quarter worth approximately $57,000. Whittier Trust Co. bought a new stake in shares of CSW Industrials during the 4th quarter worth approximately $64,000. Finally, Nisa Investment Advisors LLC bought a new stake in shares of CSW Industrials during the 4th quarter worth approximately $76,000. Institutional investors own 82.79% of the company’s stock.

CSW Industrials Price Performance

CSW stock opened at $274.15 on Friday. The company has a 50 day simple moving average of $280.94 and a 200 day simple moving average of $278.72. The stock has a market cap of $4.52 billion, a price-to-earnings ratio of 36.36 and a beta of 0.84. CSW Industrials, Inc. has a 1 year low of $230.45 and a 1 year high of $338.90. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.36 and a quick ratio of 0.97.

CSW Industrials (NYSE:CSW) last released its quarterly earnings data on Thursday, January 29th. The basic materials company reported $1.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.51). The company had revenue of $232.99 million for the quarter, compared to analyst estimates of $249.36 million. CSW Industrials had a return on equity of 14.55% and a net margin of 12.64%. Research analysts anticipate that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Friday, April 24th will be given a $0.30 dividend. This is an increase from CSW Industrials’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, April 24th. This represents a $1.20 annualized dividend and a yield of 0.4%. CSW Industrials’s dividend payout ratio is currently 15.92%.

Insider Buying and Selling at CSW Industrials

In other CSW Industrials news, SVP Luke Alverson sold 1,007 shares of the company’s stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of $266.11, for a total value of $267,972.77. Following the completion of the transaction, the senior vice president directly owned 13,457 shares in the company, valued at approximately $3,581,042.27. This represents a 6.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Joseph B. Armes sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The shares were 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 of the company’s stock, valued at approximately $24,230,344.38. This trade represents a 1.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 3,173 shares of company stock valued at $905,981. Insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CSW. Robert W. Baird began coverage on shares of CSW Industrials in a report on Tuesday, February 17th. They set an “outperform” rating and a $378.00 price target for the company. The Goldman Sachs Group upped their price objective on shares of CSW Industrials from $302.00 to $333.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of CSW Industrials in a research report on Monday, December 29th. Zacks Research cut shares of CSW Industrials from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th. Finally, Wells Fargo & Company lowered their price objective on shares of CSW Industrials from $300.00 to $280.00 and set an “equal weight” rating for the company in a research report on Monday, February 2nd. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $327.14.

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.