Los Angeles Capital Management LLC Purchases New Stake in CSW Industrials, Inc. $CSW

Los Angeles Capital Management LLC acquired a new position in shares of CSW Industrials, Inc. (NYSE:CSW) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 6,231 shares of the basic materials company’s stock, valued at approximately $1,829,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Danske Bank A S acquired a new stake in shares of CSW Industrials during the 4th quarter worth about $29,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in CSW Industrials in the 4th quarter valued at about $31,000. Global Retirement Partners LLC bought a new position in CSW Industrials in the 4th quarter valued at about $31,000. CWM LLC bought a new position in CSW Industrials in the 4th quarter valued at about $32,000. Finally, Salomon & Ludwin LLC acquired a new stake in CSW Industrials during the fourth quarter worth approximately $36,000. 82.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CSW. Citigroup reduced their price objective on CSW Industrials from $307.00 to $304.00 and set a “neutral” rating for the company in a report on Wednesday, May 27th. Zacks Research raised CSW Industrials from a “hold” rating to a “strong-buy” rating in a report on Monday. Weiss Ratings upgraded 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 objective on CSW Industrials from $301.00 to $300.00 and set a “hold” rating on the stock in a report on Wednesday, May 27th. Finally, Robert W. Baird started coverage on CSW Industrials in a research report on Tuesday, February 17th. They set an “outperform” rating and a $378.00 price objective on the stock. Three investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, CSW Industrials presently has an average rating of “Moderate Buy” and a consensus price target of $328.57.

CSW Industrials Stock Down 4.3%

NYSE CSW opened at $266.11 on Thursday. The company has a current ratio of 2.60, a quick ratio of 1.23 and a debt-to-equity ratio of 0.80. The company has a market cap of $4.34 billion, a price-to-earnings ratio of 39.84 and a beta of 0.84. The company has a 50 day moving average of $277.00 and a 200-day moving average of $287.75. CSW Industrials, Inc. has a 1-year low of $230.45 and a 1-year high of $337.02.

CSW Industrials (NYSE:CSW) last issued its quarterly earnings results on Tuesday, May 26th. The basic materials company reported $3.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.34 by $0.80. The business 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%.CSW Industrials’s quarterly revenue was up 34.0% compared to the same quarter last year. On average, equities research analysts expect that CSW Industrials, Inc. will post 12.52 earnings per share for the current fiscal year.

CSW Industrials Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, April 24th were given a $0.30 dividend. The ex-dividend date was Friday, April 24th. This is an increase from CSW Industrials’s previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.5%. CSW Industrials’s dividend payout ratio (DPR) is 17.96%.

Insider Buying and Selling

In related news, EVP Don Sullivan sold 166 shares of the business’s stock in a transaction dated Wednesday, April 15th. The stock was 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 of the company’s stock, valued at $6,475,707.42. The trade was a 0.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Luke Alverson sold 1,007 shares of the company’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $289.57, for a total transaction of $291,596.99. Following the sale, the senior vice president directly 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 5,180 shares of company stock worth $1,465,478 over the last three months. Company insiders own 1.30% of the company’s stock.

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.