Intech Investment Management LLC Takes Position in CSW Industrials, Inc. $CSW

Intech Investment Management LLC acquired a new stake in CSW Industrials, Inc. (NYSE:CSW) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,045 shares of the basic materials company’s stock, valued at approximately $1,774,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. bought a new stake in shares of CSW Industrials during the 4th quarter worth approximately $515,553,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of CSW Industrials during the 4th quarter worth approximately $237,891,000. Conestoga Capital Advisors LLC bought a new stake in shares of CSW Industrials during the 4th quarter worth approximately $185,879,000. Geode Capital Management LLC bought a new stake in shares of CSW Industrials during the 4th quarter worth approximately $115,318,000. Finally, Congress Asset Management Co. bought a new stake in shares of CSW Industrials during the 4th quarter worth approximately $65,002,000. 82.79% of the stock is owned by institutional investors.

Insider Transactions at CSW Industrials

In other news, Director Darron K. Ash acquired 300 shares of CSW Industrials stock in a transaction on Friday, March 13th. The shares were bought at an average cost of $256.62 per share, for a total transaction of $76,986.00. Following the acquisition, the director directly owned 1,155 shares of the company’s stock, valued at $296,396.10. This trade represents a 35.09% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Don Sullivan sold 166 shares of CSW Industrials stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $300.26, for a total value of $49,843.16. Following the completion of the transaction, the executive vice president owned 21,567 shares in the company, valued at $6,475,707.42. This represents a 0.76% decrease in their ownership of the stock. 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. Over the last 90 days, insiders have sold 5,180 shares of company stock valued at $1,465,478. Company insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on CSW shares. Zacks Research raised CSW Industrials from a “strong sell” rating to a “hold” rating in a research note on Friday, May 8th. Weiss Ratings raised CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Truist Financial decreased their price target on CSW Industrials from $301.00 to $300.00 and set a “hold” rating for the company in a research note on Wednesday, May 27th. Wells Fargo & Company raised their price target on CSW Industrials from $280.00 to $285.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 27th. 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. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $328.57.

CSW Industrials Trading Down 0.4%

CSW opened at $270.22 on Friday. The stock’s fifty day moving average is $276.48 and its two-hundred day moving average is $286.97. The company has a market capitalization of $4.41 billion, a P/E ratio of 40.45 and a beta of 0.84. CSW Industrials, Inc. has a 52 week low of $230.45 and a 52 week high of $337.02. The company has a quick ratio of 1.23, a current ratio of 2.60 and a debt-to-equity ratio of 0.80.

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 the consensus estimate of $2.34 by $0.80. The company had revenue of $308.96 million for the quarter. CSW Industrials had a return on equity of 15.91% and a net margin of 10.35%.The business’s quarterly revenue was up 34.0% on a year-over-year basis. Analysts forecast that CSW Industrials, Inc. will post 12.52 earnings per share for the current year.

CSW Industrials Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, April 24th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.4%. The ex-dividend date was Friday, April 24th. This is an increase from CSW Industrials’s previous quarterly dividend of $0.27. CSW Industrials’s dividend payout ratio (DPR) is 17.96%.

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.