DAVENPORT & Co LLC Purchases Shares of 5,263 CSW Industrials, Inc. $CSW

DAVENPORT & Co LLC purchased a new position in CSW Industrials, Inc. (NYSE:CSW) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 5,263 shares of the basic materials company’s stock, valued at approximately $1,545,000.

Several other institutional investors have also recently made changes to their positions in the stock. Congress Asset Management Co. purchased a new position in shares of CSW Industrials during the 4th quarter valued at about $65,002,000. SG Americas Securities LLC purchased a new stake in CSW Industrials in the 4th quarter worth approximately $39,915,000. AQR Capital Management LLC increased its holdings in CSW Industrials by 12.4% in the 1st quarter. AQR Capital Management LLC now owns 5,675 shares of the basic materials company’s stock worth $1,654,000 after acquiring an additional 624 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in CSW Industrials during the 4th quarter worth approximately $1,117,000. Finally, Avior Wealth Management LLC bought a new stake in CSW Industrials during the 4th quarter worth approximately $807,000. Institutional investors own 82.79% of the company’s stock.

Insider Buying and Selling at CSW Industrials

In other CSW Industrials news, SVP Luke Alverson sold 500 shares of CSW Industrials stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $316.02, for a total value of $158,010.00. Following the sale, the senior vice president directly owned 12,450 shares in the company, valued at approximately $3,934,449. The trade was a 3.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Joseph B. Armes sold 1,000 shares of the business’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $328.64, for a total transaction 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. The trade was 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 insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Citigroup dropped their price target on shares of CSW Industrials from $333.00 to $307.00 and set a “neutral” rating for the company in a research report on Friday, January 30th. CJS Securities upgraded shares of CSW Industrials to a “strong-buy” rating in a research report on Thursday, December 11th. JPMorgan Chase & Co. upgraded shares of CSW Industrials from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $300.00 to $350.00 in a research note on Wednesday, December 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CSW Industrials in a report on Monday, December 29th. Finally, Truist Financial increased their price target on CSW Industrials from $271.00 to $292.00 and gave the stock a “hold” rating in a research note on Monday, February 2nd. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $327.14.

CSW Industrials Trading Up 2.1%

CSW stock opened at $263.70 on Friday. 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. The company has a market capitalization of $4.34 billion, a price-to-earnings ratio of 34.97 and a beta of 0.81. The business has a 50 day simple moving average of $287.36 and a two-hundred day simple moving average of $276.42.

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 the consensus estimate of $1.93 by ($0.51). The company had revenue of $232.99 million for the quarter, compared to the consensus estimate of $249.36 million. CSW Industrials had a net margin of 12.64% and a return on equity of 14.55%. Research analysts anticipate that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Dividend Announcement

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