Deutsche Bank AG Takes Position in CSW Industrials, Inc. $CSW

Deutsche Bank AG bought a new stake in shares of CSW Industrials, Inc. (NYSE:CSW) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 17,789 shares of the basic materials company’s stock, valued at approximately $4,951,000.

Other large investors also recently added to or reduced their stakes in the company. Whittier Trust Co. boosted its position in CSW Industrials by 24.8% during the first quarter. Whittier Trust Co. now owns 252 shares of the basic materials company’s stock valued at $67,000 after buying an additional 50 shares during the period. Sanctuary Advisors LLC increased its holdings in shares of CSW Industrials by 8.1% in the fourth quarter. Sanctuary Advisors LLC now owns 984 shares of the basic materials company’s stock worth $289,000 after buying an additional 74 shares during the period. Arax Advisory Partners bought a new stake in shares of CSW Industrials in the 4th quarter valued at about $28,000. Danske Bank A S bought a new stake in shares of CSW Industrials in the 4th quarter valued at about $29,000. Finally, Valley Wealth Managers Inc. bought a new stake in shares of CSW Industrials in the 1st quarter valued at about $26,000. Hedge funds and other institutional investors own 82.79% of the company’s stock.

Insider Activity at CSW Industrials

In related news, CEO Joseph B. Armes sold 1,500 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer owned 69,100 shares of the company’s stock, valued at $19,314,832. This trade represents a 2.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available 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 firm’s stock in a transaction on 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 sale, the executive vice president directly owned 6,409 shares of the company’s stock, valued at $2,223,666.64. The trade was a 10.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.20% of the stock is currently owned by insiders.

CSW Industrials Stock Performance

CSW Industrials stock opened at $323.49 on Wednesday. The company has a current ratio of 2.70, a quick ratio of 1.36 and a debt-to-equity ratio of 0.77. The firm has a market cap of $5.27 billion, a P/E ratio of 44.37 and a beta of 0.83. CSW Industrials, Inc. has a 1-year low of $230.45 and a 1-year high of $355.48. The firm has a 50-day moving average of $302.40 and a 200-day moving average of $287.25.

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

CSW Industrials Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Friday, July 31st. CSW Industrials’s dividend payout ratio (DPR) is currently 16.46%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CSW shares. Citigroup raised their price target on CSW Industrials from $304.00 to $340.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Zacks Research downgraded CSW Industrials from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Truist Financial increased their price objective on CSW Industrials from $313.00 to $332.00 and gave the company a “hold” rating in a research note on Monday, August 3rd. Weiss Ratings upgraded shares of CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. Finally, Wells Fargo & Company lifted their target price on shares of CSW Industrials from $285.00 to $320.00 and gave the stock an “equal weight” rating in a research note on Friday, July 31st. Two 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 presently has a consensus rating of “Moderate Buy” and an average price target of $347.57.

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.