Walleye Capital LLC Buys Shares of 4,935 CSW Industrials, Inc. $CSW

Walleye Capital LLC bought a new position in shares of CSW Industrials, Inc. (NYSE:CSW) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,935 shares of the basic materials company’s stock, valued at approximately $1,373,000.

Several other institutional investors also recently modified their holdings of the stock. Whittier Trust Co. raised its position in shares of CSW Industrials by 24.8% in the 1st quarter. Whittier Trust Co. now owns 252 shares of the basic materials company’s stock valued at $67,000 after acquiring an additional 50 shares during the period. Sanctuary Advisors LLC boosted its stake in CSW Industrials by 8.1% during the 4th quarter. Sanctuary Advisors LLC now owns 984 shares of the basic materials company’s stock worth $289,000 after acquiring an additional 74 shares during the last quarter. Arax Advisory Partners acquired a new position in CSW Industrials during the fourth quarter valued at approximately $28,000. Danske Bank A S acquired a new position in CSW Industrials during the fourth quarter valued at approximately $29,000. Finally, Valley Wealth Managers Inc. bought a new stake in CSW Industrials in the first quarter valued at approximately $26,000. 82.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CSW has been the topic of several analyst reports. Truist Financial increased their target price on shares of CSW Industrials from $313.00 to $332.00 and gave the stock a “hold” rating in a report on Monday, August 3rd. Weiss Ratings raised shares of CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. Zacks Research cut shares of CSW Industrials from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Wells Fargo & Company raised their price objective on CSW Industrials from $285.00 to $320.00 and gave the stock an “equal weight” rating in a research note on Friday, July 31st. Finally, Citigroup raised their price objective on CSW Industrials from $304.00 to $340.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, CSW Industrials presently has a consensus rating of “Moderate Buy” and a consensus price target of $347.57.

Insider Activity

In other news, EVP Jeff Underwood sold 720 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $346.96, for a total value of $249,811.20. Following the completion of the transaction, the executive vice president owned 6,409 shares in the company, valued at $2,223,666.64. This trade represents a 10.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Joseph B. Armes sold 1,500 shares of CSW Industrials stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $279.52, for a total value of $419,280.00. Following the completion of the sale, the chief executive officer directly owned 69,100 shares in the company, valued at approximately $19,314,832. This represents a 2.12% 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 sold a total of 3,720 shares of company stock valued at $1,095,001 in the last 90 days. 1.20% of the stock is owned by corporate insiders.

CSW Industrials Stock Performance

Shares of CSW opened at $345.05 on Friday. CSW Industrials, Inc. has a 12 month low of $230.45 and a 12 month high of $355.48. The firm has a fifty day simple moving average of $294.44 and a 200 day simple moving average of $284.99. The stock has a market capitalization of $5.62 billion, a price-to-earnings ratio of 47.33 and a beta of 0.83. The company has a current ratio of 2.70, a quick ratio of 1.36 and a debt-to-equity ratio of 0.77.

CSW Industrials (NYSE:CSW) last released its earnings results on Thursday, July 30th. The basic materials company reported $3.84 earnings per share for the quarter, beating analysts’ consensus estimates of $3.66 by $0.18. CSW Industrials had a net margin of 10.34% and a return on equity of 17.41%. The business had revenue of $350.65 million during the quarter. The firm’s quarterly revenue was up 33.0% compared to the same quarter last year. Research analysts forecast that CSW Industrials, Inc. will post 12.77 EPS for the current fiscal year.

CSW Industrials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Friday, July 31st. CSW Industrials’s dividend payout ratio is currently 16.46%.

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.