Conestoga Capital Advisors LLC Takes $185.88 Million Position in CSW Industrials, Inc. $CSW

Conestoga Capital Advisors LLC purchased a new stake in CSW Industrials, Inc. (NYSE:CSW) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 633,255 shares of the basic materials company’s stock, valued at approximately $185,879,000. CSW Industrials makes up approximately 3.1% of Conestoga Capital Advisors LLC’s investment portfolio, making the stock its 5th largest holding.

Other institutional investors also recently modified their holdings of the company. CWM LLC bought a new stake in shares of CSW Industrials in the fourth quarter valued at about $32,000. Salomon & Ludwin LLC bought a new stake in shares of CSW Industrials in the fourth quarter valued at about $36,000. GAMMA Investing LLC bought a new stake in shares of CSW Industrials in the fourth quarter valued at about $50,000. Blue Trust Inc. bought a new stake in shares of CSW Industrials in the fourth quarter valued at about $57,000. Finally, Whittier Trust Co. bought a new stake in shares of CSW Industrials in the fourth quarter valued at about $64,000. 82.79% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Don Sullivan sold 166 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $300.26, for a total value of $49,843.16. Following the transaction, the executive vice president owned 21,567 shares of the company’s stock, valued at approximately $6,475,707.42. This represents a 0.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Darron K. Ash bought 300 shares of the firm’s stock in a transaction dated Friday, March 13th. The stock was purchased at an average cost of $256.62 per share, for a total transaction of $76,986.00. Following the transaction, the director directly owned 1,155 shares of the company’s stock, valued at $296,396.10. The trade was a 35.09% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold 3,173 shares of company stock worth $905,981 in the last three months. 1.30% of the stock is owned by corporate insiders.

CSW Industrials Price Performance

Shares of NYSE CSW opened at $291.52 on Friday. The business’s 50 day moving average price is $278.33 and its two-hundred day moving average price is $282.10. The company has a market cap of $4.80 billion, a PE ratio of 38.66 and a beta of 0.84. The company has a quick ratio of 0.97, a current ratio of 2.36 and a debt-to-equity ratio of 0.72. CSW Industrials, Inc. has a twelve month low of $230.45 and a twelve month high of $338.90.

CSW Industrials (NYSE:CSW) last announced its quarterly earnings results on Thursday, January 29th. The basic materials company reported $1.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.51). The business had revenue of $232.99 million for the quarter, compared to analyst estimates of $249.36 million. CSW Industrials had a return on equity of 14.55% and a net margin of 12.64%. On average, analysts predict that CSW Industrials, Inc. will post 9.9 EPS for the current year.

CSW Industrials Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Friday, April 24th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.4%. This is a boost from CSW Industrials’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, April 24th. CSW Industrials’s dividend payout ratio (DPR) is presently 15.92%.

Analyst Ratings Changes

A number of analysts have recently commented on CSW shares. Citigroup cut their price target on CSW Industrials from $333.00 to $307.00 and set a “neutral” rating on the stock in a report on Friday, January 30th. Truist Financial lifted their target price on CSW Industrials from $292.00 to $301.00 and gave the company a “hold” rating in a research report on Monday, April 20th. Wells Fargo & Company lowered their target price on CSW Industrials from $300.00 to $280.00 and set an “equal weight” rating on the stock in a research report on Monday, February 2nd. Zacks Research downgraded CSW Industrials from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th. Finally, The Goldman Sachs Group lifted their target price on CSW Industrials from $302.00 to $333.00 and gave the company a “neutral” rating in a research report on Tuesday, January 13th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $328.43.

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.