8,038 Shares in CSW Industrials, Inc. $CSW Acquired by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. acquired a new position in shares of CSW Industrials, Inc. (NYSE:CSW) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 8,038 shares of the basic materials company’s stock, valued at approximately $2,359,000.

A number of other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC purchased a new stake in shares of CSW Industrials in the 4th quarter worth about $50,000. Blue Trust Inc. purchased a new position in shares of CSW Industrials during the 4th quarter worth approximately $57,000. Nisa Investment Advisors LLC acquired a new position in shares of CSW Industrials during the 4th quarter worth approximately $76,000. Harbor Investment Advisory LLC acquired a new position in shares of CSW Industrials during the 4th quarter worth approximately $92,000. Finally, Eastern Bank purchased a new stake in CSW Industrials in the 4th quarter valued at approximately $122,000. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other CSW Industrials news, Director Darron K. Ash purchased 300 shares of the firm’s stock in a transaction on Friday, March 13th. The shares were purchased at an average cost of $256.62 per share, with a total value of $76,986.00. Following the purchase, the director owned 1,155 shares in the company, valued at approximately $296,396.10. This represents a 35.09% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction dated 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 of the company’s stock, valued at $20,548,544.64. This trade represents a 1.57% decrease in their position. The SEC filing for this sale provides additional information. 1.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Citigroup lowered their target price on CSW Industrials from $333.00 to $307.00 and set a “neutral” rating on the stock in a report on Friday, January 30th. Wells Fargo & Company reduced their price objective on CSW Industrials from $300.00 to $280.00 and set an “equal weight” rating on the stock in a research report on Monday, February 2nd. Zacks Research lowered CSW Industrials from a “hold” rating to a “strong sell” rating in a research note on Friday, February 6th. Truist Financial lifted their price objective on CSW Industrials from $271.00 to $292.00 and gave the stock a “hold” rating in a research report on Monday, February 2nd. Finally, CJS Securities raised shares of CSW Industrials to a “strong-buy” rating in a research note on Thursday, December 11th. Two research 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $327.14.

CSW Industrials Stock Down 0.2%

CSW stock opened at $262.80 on Friday. The company has a 50 day moving average price of $280.79 and a two-hundred day moving average price of $276.79. 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 stock has a market capitalization of $4.33 billion, a P/E ratio of 34.85 and a beta of 0.84. CSW Industrials, Inc. has a one year low of $230.45 and a one year high of $338.90.

CSW Industrials (NYSE:CSW) last issued 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). CSW Industrials had a return on equity of 14.55% and a net margin of 12.64%.The business had revenue of $232.99 million for the quarter, compared to analysts’ expectations of $249.36 million. As a group, 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. Investors of record on Friday, January 30th were given a dividend of $0.27 per share. The ex-dividend date was Friday, January 30th. This represents a $1.08 annualized dividend and a yield of 0.4%. CSW Industrials’s dividend payout ratio is 14.32%.

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.