Warner Group LLC Buys Shares of 2,313 CSW Industrials, Inc. $CSW

Warner Group LLC bought a new stake in shares of CSW Industrials, Inc. (NYSE:CSW) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,313 shares of the basic materials company’s stock, valued at approximately $679,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. 1900 Wealth Management LLC bought a new stake in CSW Industrials during the 4th quarter valued at $5,363,000. Jacobson & Schmitt Advisors LLC bought a new stake in CSW Industrials during the 4th quarter valued at $18,341,000. Harbor Capital Advisors Inc. bought a new stake in CSW Industrials during the 4th quarter valued at $2,359,000. B. Metzler seel. Sohn & Co. AG bought a new stake in CSW Industrials during the 4th quarter valued at $3,635,000. Finally, Riverbridge Partners LLC bought a new stake in CSW Industrials during the 4th quarter valued at $38,280,000. 82.79% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other CSW Industrials news, Director Darron K. Ash bought 300 shares of CSW Industrials stock in a transaction that occurred on Friday, March 13th. The shares were bought at an average cost of $256.62 per share, with a total value of $76,986.00. Following the transaction, the director directly owned 1,155 shares of the company’s stock, valued at approximately $296,396.10. This represents a 35.09% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Joseph B. Armes sold 1,500 shares of the company’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $286.77, for a total value of $430,155.00. Following the transaction, the chief executive officer directly owned 84,494 shares in the company, valued at $24,230,344.38. This represents a 1.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 3,680 shares of company stock valued at $1,039,568. 1.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CSW shares. 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 target price for the company. Wells Fargo & Company decreased their target price on CSW Industrials from $300.00 to $280.00 and set an “equal weight” rating for the company in a research report on Monday, February 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of CSW Industrials in a research report on Wednesday, April 29th. Zacks Research raised CSW Industrials from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. Finally, Citigroup reduced their price target on CSW Industrials from $333.00 to $307.00 and set a “neutral” rating for the company in a research report on Friday, January 30th. 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, CSW Industrials currently has an average rating of “Moderate Buy” and an average target price of $328.43.

CSW Industrials Trading Up 1.6%

CSW opened at $260.05 on Tuesday. The firm has a market cap of $4.28 billion, a price-to-earnings ratio of 34.49 and a beta of 0.88. The company has a current ratio of 2.36, a quick ratio of 0.97 and a debt-to-equity ratio of 0.72. CSW Industrials, Inc. has a 12 month low of $230.45 and a 12 month high of $337.02. The stock has a fifty day moving average price of $273.41 and a 200-day moving average price of $284.53.

CSW Industrials Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, April 24th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, April 24th. This represents a $1.20 annualized dividend and a yield of 0.5%. This is an increase from CSW Industrials’s previous quarterly dividend of $0.27. CSW Industrials’s dividend payout ratio is currently 15.92%.

About CSW Industrials

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.