Park Avenue Securities LLC Invests $746,000 in CSW Industrials, Inc. $CSW

Park Avenue Securities LLC acquired a new position in shares of CSW Industrials, Inc. (NYSE:CSW) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,541 shares of the basic materials company’s stock, valued at approximately $746,000.

Several other hedge funds have also recently added to or reduced their stakes in CSW. Anderson Hoagland & Co. bought a new position in CSW Industrials in the 4th quarter worth approximately $365,000. AQR Capital Management LLC lifted its holdings in shares of CSW Industrials by 12.4% during the first quarter. AQR Capital Management LLC now owns 5,675 shares of the basic materials company’s stock worth $1,654,000 after buying an additional 624 shares during the last quarter. GAMMA Investing LLC bought a new stake in shares of CSW Industrials in the fourth quarter valued at approximately $50,000. Finally, Integrated Wealth Concepts LLC boosted its position in shares of CSW Industrials by 20.0% in the first quarter. Integrated Wealth Concepts LLC now owns 970 shares of the basic materials company’s stock valued at $283,000 after acquiring an additional 162 shares during the period. Institutional investors own 82.79% of the company’s stock.

CSW Industrials Stock Performance

Shares of NYSE CSW opened at $258.44 on Friday. The firm has a market capitalization of $4.26 billion, a price-to-earnings ratio of 34.28 and a beta of 0.81. CSW Industrials, Inc. has a one year low of $230.45 and a one year high of $338.90. The business has a fifty day simple moving average of $288.72 and a 200 day simple moving average of $276.27. The company has a current ratio of 2.36, a quick ratio of 0.97 and a debt-to-equity ratio of 0.72.

CSW Industrials (NYSE:CSW) last posted its quarterly earnings results on Thursday, January 29th. The basic materials company reported $1.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.51). The business 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%. Sell-side analysts expect that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 30th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Friday, January 30th. CSW Industrials’s payout ratio is 14.32%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on CSW shares. Robert W. Baird initiated coverage on shares of CSW Industrials in a research report on Tuesday, February 17th. They set an “outperform” rating and a $378.00 target price on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of CSW Industrials in a report on Monday, December 29th. Jefferies Financial Group set a $350.00 price target on shares of CSW Industrials in a research report on Wednesday, December 3rd. The Goldman Sachs Group boosted their price objective on shares of CSW Industrials from $302.00 to $333.00 and gave the stock a “neutral” rating in a report on Tuesday, January 13th. Finally, JPMorgan Chase & Co. upgraded shares of CSW Industrials from a “neutral” rating to an “overweight” rating and increased their target price for the company from $300.00 to $350.00 in a research note on Wednesday, December 3rd. Two research 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $327.14.

Insider Activity at CSW Industrials

In related news, Director Darron K. Ash acquired 300 shares of the firm’s stock in a transaction on Friday, March 13th. The shares were bought at an average cost of $256.62 per share, with a total value of $76,986.00. Following the completion of the acquisition, the director owned 1,155 shares of the company’s stock, valued at $296,396.10. This trade represents a 35.09% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $328.64, for a total value of $328,640.00. Following the completion of the sale, the chief executive officer owned 62,526 shares in the company, valued at approximately $20,548,544.64. This represents a 1.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.30% of the stock is currently owned by insiders.

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.