Everett Harris & Co. CA Takes $4.63 Million Position in CSW Industrials, Inc. $CSW

Everett Harris & Co. CA purchased a new position in CSW Industrials, Inc. (NYSE:CSW) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,646 shares of the basic materials company’s stock, valued at approximately $4,633,000. Everett Harris & Co. CA owned approximately 0.10% of CSW Industrials at the end of the most recent quarter.

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

Insider Transactions at CSW Industrials

In other news, CEO Joseph B. Armes sold 1,500 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $279.52, for a total value of $419,280.00. Following the completion of the transaction, 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 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, EVP Jeff Underwood sold 720 shares of the company’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 of the company’s stock, valued at $2,223,666.64. The trade was a 10.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 3,720 shares of company stock worth $1,095,001 in the last 90 days. Company insiders own 1.20% of the company’s stock.

CSW Industrials Price Performance

CSW stock opened at $345.05 on Friday. The firm has a 50 day simple moving average of $294.44 and a two-hundred day simple moving average of $284.99. The stock has a market cap of $5.62 billion, a PE ratio of 47.33 and a beta of 0.83. CSW Industrials, Inc. has a one year low of $230.45 and a one year high of $355.48. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.70 and a quick ratio of 1.36.

CSW Industrials (NYSE:CSW) last posted its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.84 earnings per share for the quarter, beating the consensus estimate of $3.66 by $0.18. CSW Industrials had a net margin of 10.34% and a return on equity of 17.41%. The firm had revenue of $350.65 million for the quarter. The business’s quarterly revenue was up 33.0% on a year-over-year basis. On average, analysts predict that CSW Industrials, Inc. will post 12.77 EPS for the current fiscal year.

CSW Industrials Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were given a dividend of $0.30 per share. The ex-dividend date was Friday, July 31st. This represents a $1.20 dividend on an annualized basis and a yield of 0.3%. CSW Industrials’s dividend payout ratio (DPR) is presently 16.46%.

Analyst Ratings Changes

CSW has been the topic of several research analyst reports. Truist Financial upped their price target 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 CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. Zacks Research cut CSW Industrials from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Wells Fargo & Company upped their target price 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 target on CSW Industrials from $304.00 to $340.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, CSW Industrials has a consensus rating of “Moderate Buy” and a consensus price target of $347.57.

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.