Assenagon Asset Management S.A. Buys Shares of 2,510 CSW Industrials, Inc. $CSW

Assenagon Asset Management S.A. acquired a new position in shares of CSW Industrials, Inc. (NYSE:CSW) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 2,510 shares of the basic materials company’s stock, valued at approximately $737,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Integrated Wealth Concepts LLC increased its position in shares of CSW Industrials by 20.0% during the first quarter. Integrated Wealth Concepts LLC now owns 970 shares of the basic materials company’s stock worth $283,000 after purchasing an additional 162 shares in the last quarter. GAMMA Investing LLC acquired a new stake in shares of CSW Industrials in the 4th quarter worth $50,000. Harbor Investment Advisory LLC acquired a new stake in shares of CSW Industrials in the 4th quarter worth $92,000. AQR Capital Management LLC grew its stake in CSW Industrials by 12.4% during the 1st 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. Finally, Hilltop National Bank purchased a new position in CSW Industrials during the 4th quarter worth $200,000. 82.79% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $328.64, for a total transaction of $328,640.00. Following the completion of the transaction, the chief executive officer owned 62,526 shares of the company’s stock, valued at $20,548,544.64. This trade represents a 1.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Luke Alverson sold 500 shares of CSW Industrials stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $316.02, for a total transaction of $158,010.00. Following the sale, the senior vice president owned 12,450 shares of the company’s stock, valued at approximately $3,934,449. This represents a 3.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.30% of the company’s stock.

CSW Industrials Stock Up 0.0%

CSW stock opened at $260.62 on Thursday. CSW Industrials, Inc. has a one year low of $230.45 and a one year high of $338.90. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.97 and a current ratio of 2.36. The firm has a market cap of $4.29 billion, a PE ratio of 34.56 and a beta of 0.84. The firm’s fifty day moving average is $283.38 and its 200 day moving average is $276.58.

CSW Industrials (NYSE:CSW) last announced its quarterly earnings results on Thursday, January 29th. The basic materials company reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.93 by ($0.51). CSW Industrials had a net margin of 12.64% and a return on equity of 14.55%. The business had revenue of $232.99 million during the quarter, compared to analysts’ expectations of $249.36 million. On average, research analysts forecast that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, January 30th were paid a $0.27 dividend. The ex-dividend date of this dividend was Friday, January 30th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.4%. CSW Industrials’s dividend payout ratio (DPR) is 14.32%.

Analysts Set New Price Targets

CSW has been the topic of several recent analyst reports. Truist Financial upped their price objective on shares of CSW Industrials from $271.00 to $292.00 and gave the company a “hold” rating in a report on Monday, February 2nd. Robert W. Baird began 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. The Goldman Sachs Group raised their price target 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. Zacks Research downgraded shares of CSW Industrials from a “hold” rating to a “strong sell” rating in a research note on Friday, February 6th. Finally, Wells Fargo & Company dropped their price target on CSW Industrials from $300.00 to $280.00 and set an “equal weight” rating on the stock in a research note on Monday, February 2nd. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $327.14.

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.