Thrivent Financial for Lutherans Buys New Position in CSW Industrials, Inc. $CSW

Thrivent Financial for Lutherans bought a new stake in shares of CSW Industrials, Inc. (NYSE:CSW) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 185,070 shares of the basic materials company’s stock, valued at approximately $54,324,000. Thrivent Financial for Lutherans owned approximately 1.12% of CSW Industrials at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Sanctuary Advisors LLC boosted its stake in CSW Industrials by 8.1% during the fourth quarter. Sanctuary Advisors LLC now owns 984 shares of the basic materials company’s stock valued at $289,000 after buying an additional 74 shares during the period. Danske Bank A S bought a new stake in CSW Industrials during the fourth quarter valued at $29,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in CSW Industrials during the fourth quarter valued at $31,000. CWM LLC bought a new stake in CSW Industrials during the fourth quarter valued at $32,000. Finally, Salomon & Ludwin LLC bought a new stake in CSW Industrials during the fourth quarter valued at $36,000. Institutional investors own 82.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CSW shares. Zacks Research upgraded CSW Industrials from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. Truist Financial raised their price target on CSW Industrials from $292.00 to $301.00 and gave the company a “hold” rating in a research report on Monday, April 20th. Citigroup lowered their price target on CSW Industrials from $333.00 to $307.00 and set a “neutral” rating on the stock in a research report on Friday, January 30th. 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 target on the stock. Finally, Wells Fargo & Company lowered their price target 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. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $328.43.

CSW Industrials Trading Down 3.4%

NYSE CSW opened at $256.06 on Friday. The stock’s 50-day simple moving average is $273.65 and its two-hundred day simple moving average is $284.13. CSW Industrials, Inc. has a twelve month low of $230.45 and a twelve month high of $337.02. The company has a quick ratio of 0.97, a current ratio of 2.36 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $4.22 billion, a price-to-earnings ratio of 33.96 and a beta of 0.88.

CSW Industrials Increases Dividend

The business also recently disclosed 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 an increase from CSW Industrials’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Friday, April 24th. CSW Industrials’s dividend payout ratio (DPR) is presently 15.92%.

Insider Buying and Selling

In other news, SVP Luke Alverson sold 1,007 shares of CSW Industrials stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $289.57, for a total value of $291,596.99. Following the transaction, the senior vice president owned 12,450 shares in the company, valued at approximately $3,605,146.50. The trade was a 7.48% decrease in their ownership of the stock. The transaction 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, Director Darron K. Ash acquired 300 shares of the firm’s stock in a transaction dated Friday, March 13th. The stock was bought at an average price of $256.62 per share, for a total transaction of $76,986.00. Following the acquisition, the director owned 1,155 shares of the company’s stock, valued at approximately $296,396.10. This trade represents a 35.09% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have sold a total of 3,680 shares of company stock worth $1,039,568 in the last ninety days. Corporate 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.