CSW Industrials, Inc. $CSW Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lessened its holdings in CSW Industrials, Inc. (NYSE:CSW) by 47.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,390 shares of the basic materials company’s stock after selling 3,041 shares during the period. State of Alaska Department of Revenue’s holdings in CSW Industrials were worth $975,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC boosted its holdings in shares of CSW Industrials by 96.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,293 shares of the basic materials company’s stock worth $372,000 after buying an additional 635 shares during the period. Congress Asset Management Co. grew its stake in CSW Industrials by 0.4% in the 3rd quarter. Congress Asset Management Co. now owns 301,580 shares of the basic materials company’s stock valued at $86,879,000 after buying an additional 1,074 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in CSW Industrials by 10.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 3,534 shares of the basic materials company’s stock valued at $984,000 after buying an additional 320 shares during the last quarter. Tidal Investments LLC raised its holdings in CSW Industrials by 30.9% in the 2nd quarter. Tidal Investments LLC now owns 56,251 shares of the basic materials company’s stock valued at $15,655,000 after acquiring an additional 13,287 shares during the period. Finally, Engineers Gate Manager LP bought a new position in CSW Industrials in the 2nd quarter valued at about $429,000. 82.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on CSW shares. Wall Street Zen downgraded shares of CSW Industrials from a “buy” rating to a “hold” rating in a research report on Sunday. Weiss Ratings raised CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 3rd. Wells Fargo & Company increased 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. Zacks Research lowered CSW Industrials from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Finally, Truist Financial lifted their price target on CSW Industrials from $313.00 to $332.00 and gave the stock a “hold” rating in a report on Monday, August 3rd. Two equities 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 company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $347.57.

Insider Transactions at CSW Industrials

In other CSW Industrials news, EVP Jeff Underwood sold 720 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were 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 in the company, valued at $2,223,666.64. This represents a 10.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Joseph B. Armes sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $287.04, for a total transaction of $430,560.00. Following the transaction, the chief executive officer directly owned 64,083 shares in the company, valued at $18,394,384.32. This represents a 2.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 3,720 shares of company stock valued at $1,114,741 in the last three months. Insiders own 1.20% of the company’s stock.

CSW Industrials Trading Up 1.2%

Shares of CSW Industrials stock opened at $293.17 on Thursday. The firm has a 50-day moving average of $303.33 and a 200-day moving average of $291.93. The stock has a market cap of $4.78 billion, a PE ratio of 25.51 and a beta of 0.81. CSW Industrials, Inc. has a 52-week low of $236.66 and a 52-week high of $355.48. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.36 and a current ratio of 2.70.

CSW Industrials (NYSE:CSW) last released its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.84 EPS 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 business had revenue of $350.65 million for the quarter. The business’s revenue was up 33.0% compared to the same quarter last year. As a group, sell-side analysts forecast that CSW Industrials, Inc. will post 12.53 EPS for the current year.

CSW Industrials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $1.20 dividend on an annualized basis and a yield of 0.4%. CSW Industrials’s payout ratio is currently 16.46%.

CSW Industrials Company Profile

CSW Industrials, Inc (NYSE: CSW) is a diversified industrial company that develops, manufactures and sells products designed for professional trades, commercial and residential construction, and industrial maintenance applications. Its offerings are marketed primarily through established brands and distribution channels serving contractors, building professionals and industrial customers.

The company operates through three principal segments: Contractor Solutions, Engineered Building Solutions and Specialized Reliability Solutions.