Grandeur Peak Global Advisors LLC bought a new stake in CSW Industrials, Inc. (NYSE:CSW – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 11,793 shares of the basic materials company’s stock, valued at approximately $3,282,000. Grandeur Peak Global Advisors LLC owned 0.07% of CSW Industrials at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio acquired a new position in CSW Industrials during the 2nd quarter worth $29,000. Pure Financial Advisors LLC bought a new position in shares of CSW Industrials in the second quarter worth $490,000. Corient Private Wealth LP acquired a new position in shares of CSW Industrials during the second quarter valued at $1,848,000. Punch & Associates Investment Management Inc. acquired a new position in shares of CSW Industrials during the second quarter valued at $15,108,000. Finally, Bank of America Corp DE bought a new stake in shares of CSW Industrials during the second quarter valued at about $29,809,000. Institutional investors own 82.79% of the company’s stock.
CSW Industrials Trading Down 1.2%
Shares of NYSE:CSW opened at $319.15 on Friday. 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 stock has a market capitalization of $5.20 billion, a price-to-earnings ratio of 43.78 and a beta of 0.83. CSW Industrials, Inc. has a 1-year low of $230.45 and a 1-year high of $355.48. The company has a 50 day moving average price of $304.20 and a 200 day moving average price of $287.79.
CSW Industrials Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were issued 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 was Friday, July 31st. CSW Industrials’s payout ratio is presently 16.46%.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on CSW. Weiss Ratings raised shares of CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. Truist Financial raised their target price on shares of CSW Industrials from $313.00 to $332.00 and gave the company a “hold” rating in a research note on Monday, August 3rd. Wells Fargo & Company boosted their price target on shares of CSW Industrials from $285.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Friday, July 31st. Citigroup upped their price target on shares of CSW Industrials from $304.00 to $340.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Finally, Zacks Research cut shares of CSW Industrials from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $347.57.
Read Our Latest Analysis on CSW Industrials
Insiders Place Their Bets
In other news, EVP Jeff Underwood sold 720 shares of the company’s stock in a transaction 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 sale, the executive vice president directly owned 6,409 shares of the company’s stock, valued at $2,223,666.64. This represents a 10.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Joseph B. Armes sold 1,500 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $279.52, for a total value of $419,280.00. Following the completion of the transaction, the chief executive officer owned 69,100 shares of the company’s stock, valued at $19,314,832. This trade represents a 2.12% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is owned by insiders.
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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