Grandeur Peak Global Advisors LLC Purchases New Holdings in CSW Industrials, Inc. $CSW

Grandeur Peak Global Advisors LLC acquired a new position in CSW Industrials, Inc. (NYSE:CSW) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 11,793 shares of the basic materials company’s stock, valued at approximately $3,282,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Arax Advisory Partners acquired a new stake in CSW Industrials during the 4th quarter valued at $28,000. Danske Bank A S acquired a new stake in shares of CSW Industrials in the fourth quarter worth $29,000. Valley Wealth Managers Inc. acquired a new stake in shares of CSW Industrials in the first quarter worth $26,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of CSW Industrials in the fourth quarter worth $31,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of CSW Industrials during the second quarter valued at $29,000. Institutional investors and hedge funds own 82.79% of the company’s stock.

Insider Activity

In other news, EVP Jeff Underwood sold 720 shares of the stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $346.96, for a total transaction of $249,811.20. Following the transaction, the executive vice president owned 6,409 shares of the company’s stock, valued at approximately $2,223,666.64. This represents a 10.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Joseph B. Armes sold 1,500 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $279.52, for a total value of $419,280.00. Following 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.20% of the company’s stock.

CSW Industrials Stock Down 1.2%

CSW Industrials stock opened at $319.15 on Friday. The company has a current ratio of 2.70, a quick ratio of 1.36 and a debt-to-equity ratio of 0.77. CSW Industrials, Inc. has a 1-year low of $230.45 and a 1-year high of $355.48. The firm’s fifty day simple moving average is $304.20 and its 200-day simple moving average is $287.79. The company has a market capitalization of $5.20 billion, a P/E ratio of 43.78 and a beta of 0.83.

CSW Industrials (NYSE:CSW) last issued its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.66 by $0.18. The firm had revenue of $350.65 million during the quarter. CSW Industrials had a net margin of 10.34% and a return on equity of 17.41%. The company’s revenue was up 33.0% compared to the same quarter last year. Sell-side analysts forecast that CSW Industrials, Inc. will post 12.77 earnings per share for the current fiscal year.

CSW Industrials Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Friday, July 31st. CSW Industrials’s dividend payout ratio is 16.46%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Weiss Ratings raised CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 3rd. Citigroup raised their price objective on CSW Industrials from $304.00 to $340.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. JPMorgan Chase & Co. upped their target price on CSW Industrials from $350.00 to $380.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Truist Financial upped their target price on CSW Industrials from $313.00 to $332.00 and gave the company a “hold” rating in a report on Monday, August 3rd. Finally, Zacks Research lowered shares of CSW Industrials from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, CSW Industrials presently has an average rating of “Moderate Buy” and an average price target of $347.57.

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.