Corient Private Wealth LLC Acquires Shares of 8,841 CSW Industrials, Inc. $CSW

Corient Private Wealth LLC acquired a new position in shares of CSW Industrials, Inc. (NYSE:CSW) during the 4th quarter, Holdings Channel reports. The firm acquired 8,841 shares of the basic materials company’s stock, valued at approximately $2,617,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. purchased a new position in shares of CSW Industrials during the 4th quarter valued at approximately $515,553,000. Capital World Investors bought a new stake in shares of CSW Industrials in the fourth quarter worth $308,934,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of CSW Industrials in the fourth quarter worth $237,891,000. Morgan Stanley acquired a new stake in CSW Industrials in the fourth quarter valued at $196,549,000. Finally, Wasatch Advisors LP acquired a new stake in CSW Industrials in the fourth quarter valued at $195,630,000. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

CSW Industrials Stock Performance

Shares of CSW opened at $282.53 on Monday. The business’s fifty day moving average price is $276.92 and its 200 day moving average price is $287.49. CSW Industrials, Inc. has a 12-month low of $230.45 and a 12-month high of $337.02. The stock has a market capitalization of $4.61 billion, a PE ratio of 42.30 and a beta of 0.84. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.60 and a quick ratio of 1.23.

CSW Industrials (NYSE:CSW) last released its quarterly earnings data on Tuesday, May 26th. The basic materials company reported $3.14 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $0.80. The firm had revenue of $308.96 million during the quarter. CSW Industrials had a net margin of 10.35% and a return on equity of 15.91%. The firm’s revenue was up 34.0% compared to the same quarter last year. Equities research analysts forecast that CSW Industrials, Inc. will post 12.52 EPS for the current year.

CSW Industrials Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, April 24th were issued a $0.30 dividend. This is a boost from CSW Industrials’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, April 24th. This represents a $1.20 annualized dividend and a dividend yield of 0.4%. CSW Industrials’s dividend payout ratio (DPR) is presently 17.96%.

Wall Street Analyst Weigh In

CSW has been the subject of several recent analyst reports. Truist Financial decreased their price objective on shares of CSW Industrials from $301.00 to $300.00 and set a “hold” rating for the company in a report on Wednesday, May 27th. Weiss Ratings upgraded shares of CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Wells Fargo & Company increased their price target on shares of CSW Industrials from $280.00 to $285.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 27th. Zacks Research upgraded CSW Industrials from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 8th. Finally, Citigroup decreased their price target on CSW Industrials from $307.00 to $304.00 and set a “neutral” rating for the company in a research note on Wednesday, May 27th. Three investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $328.57.

Insider Activity at CSW Industrials

In related news, SVP Luke Alverson sold 1,007 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $289.57, for a total transaction of $291,596.99. Following the completion of the sale, the senior vice president owned 12,450 shares of the company’s stock, valued at $3,605,146.50. This represents a 7.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Joseph B. Armes sold 1,500 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $279.52, for a total transaction of $419,280.00. Following the sale, the chief executive officer owned 69,100 shares in the company, valued at approximately $19,314,832. This trade represents a 2.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 6,680 shares of company stock valued at $1,884,758 in the last quarter. Insiders own 1.30% of the company’s stock.

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.