18,272 Shares in CSW Industrials, Inc. $CSW Bought by 1900 Wealth Management LLC

Key Points

• 1900 Wealth Management opened a new position in CSW Industrials of 18,272 shares worth about $5.36 million, leaving the firm with roughly 0.11% ownership; overall institutional ownership stands at about 82.79%.
• CSW missed Q4 estimates, reporting EPS of $1.42 versus $1.93 expected and revenue of $232.99M versus $249.36M, while the company has a market cap of $4.33B and a trailing PE of 34.85.
• The company pays a quarterly dividend of $0.27 (annualized $1.08, yield ~0.4%), insiders traded recently (CEO sold 1,000 shares at ~$328.64; a director bought 300 shares at ~$256.62), and analyst sentiment is mixed with a consensus "Hold" and a $327.14 target price.

1900 Wealth Management LLC purchased a new position in shares of CSW Industrials, Inc. (NYSE:CSW - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 18,272 shares of the basic materials company's stock, valued at approximately $5,363,000. 1900 Wealth Management LLC owned approximately 0.11% of CSW Industrials at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. AQR Capital Management LLC boosted its holdings in shares of CSW Industrials by 12.4% during the first quarter. AQR Capital Management LLC now owns 5,675 shares of the basic materials company's stock worth $1,654,000 after purchasing an additional 624 shares during the last quarter. Integrated Wealth Concepts LLC grew its stake in CSW Industrials by 20.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 970 shares of the basic materials company's stock valued at $283,000 after purchasing an additional 162 shares in the last quarter. GAMMA Investing LLC acquired a new stake in shares of CSW Industrials in the 4th quarter valued at about $50,000. Anderson Hoagland & Co. bought a new position in CSW Industrials during the fourth quarter worth $365,000. Finally, Park Avenue Securities LLC acquired a new position in CSW Industrials in the fourth quarter valued at approximately $746,000. 82.79% of the stock is owned by institutional investors and hedge funds.

CSW Industrials Price Performance

Shares of NYSE CSW opened at $262.80 on Friday. The company has a current ratio of 2.36, a quick ratio of 0.97 and a debt-to-equity ratio of 0.72. The firm has a market cap of $4.33 billion, a PE ratio of 34.85 and a beta of 0.84. CSW Industrials, Inc. has a 1-year low of $230.45 and a 1-year high of $338.90. The company has a fifty day moving average price of $280.79 and a 200 day moving average price of $276.58.

CSW Industrials (NYSE:CSW - Get Free Report) last announced its earnings results on Thursday, January 29th. The basic materials company reported $1.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.93 by ($0.51). CSW Industrials had a net margin of 12.64% and a return on equity of 14.55%. The firm had revenue of $232.99 million during the quarter, compared to analyst estimates of $249.36 million. Research analysts predict that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 30th were given a $0.27 dividend. The ex-dividend date of this dividend was Friday, January 30th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.4%. CSW Industrials's payout ratio is currently 14.32%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CSW shares. Robert W. Baird started coverage on CSW Industrials in a research report on Tuesday, February 17th. They issued an "outperform" rating and a $378.00 target price on the stock. Zacks Research lowered shares of CSW Industrials from a "hold" rating to a "strong sell" rating in a research report on Friday, February 6th. Wells Fargo & Company cut their price target on shares of CSW Industrials from $300.00 to $280.00 and set an "equal weight" rating on the stock in a report on Monday, February 2nd. The Goldman Sachs Group boosted their price objective on CSW Industrials from $302.00 to $333.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 13th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of CSW Industrials in a report on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, CSW Industrials currently has an average rating of "Hold" and a consensus target price of $327.14.

Insiders Place Their Bets

In other news, CEO Joseph B. Armes sold 1,000 shares of the company's stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $328.64, for a total transaction of $328,640.00. Following the sale, the chief executive officer owned 62,526 shares in the company, valued at $20,548,544.64. This represents a 1.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Darron K. Ash purchased 300 shares of the business's stock in a transaction on Friday, March 13th. The stock was purchased at an average price of $256.62 per share, with a total value of $76,986.00. Following the purchase, the director owned 1,155 shares of the company's stock, valued at approximately $296,396.10. The trade was a 35.09% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 1.30% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.