Van Hulzen Asset Management LLC acquired a new stake in CSW Industrials, Inc. (NYSE:CSW - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,913 shares of the basic materials company's stock, valued at approximately $1,089,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of CSW. BlackRock Inc. acquired a new position in CSW Industrials during the second quarter worth about $686,462,000. Vanguard Group Inc. acquired a new stake in shares of CSW Industrials in the 4th quarter valued at approximately $515,553,000. Capital World Investors bought a new stake in shares of CSW Industrials during the 4th quarter valued at approximately $308,934,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of CSW Industrials during the 4th quarter valued at approximately $237,891,000. Finally, Morgan Stanley acquired a new position in CSW Industrials during the 4th quarter worth approximately $196,549,000. Institutional investors own 82.79% of the company's stock.
CSW Industrials Trading Down 0.5%
Shares of NYSE CSW opened at $328.48 on Tuesday. The firm has a 50 day moving average price of $301.44 and a two-hundred day moving average price of $286.90. The stock has a market cap of $5.35 billion, a P/E ratio of 45.06 and a beta of 0.83. CSW Industrials, Inc. has a 52-week low of $230.45 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 - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.84 EPS for the quarter, topping analysts' consensus estimates of $3.66 by $0.18. CSW Industrials had a net margin of 10.34% and a return on equity of 17.41%. The company had revenue of $350.65 million for the quarter. The company's revenue was up 33.0% compared to the same quarter last year. As a group, equities analysts forecast that CSW Industrials, Inc. will post 12.77 EPS for the current year.
CSW Industrials Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders 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 payout ratio is 16.46%.
Insider Transactions at CSW Industrials
In other news, CEO Joseph B. Armes sold 1,500 shares of the firm's stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $279.52, for a total transaction of $419,280.00. Following the completion of the transaction, the chief executive officer directly owned 69,100 shares in the company, 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 Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jeff Underwood sold 720 shares of CSW Industrials stock in a transaction that occurred 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 transaction, the executive vice president directly owned 6,409 shares in the company, valued at approximately $2,223,666.64. This represents a 10.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 3,720 shares of company stock worth $1,095,001 in the last quarter. Corporate insiders own 1.20% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the stock. Citigroup increased their price objective on shares of CSW Industrials from $304.00 to $340.00 and gave the company a "neutral" rating in a research note on Monday, August 3rd. JPMorgan Chase & Co. upped their price target on shares of CSW Industrials from $350.00 to $380.00 and gave the stock an "overweight" rating in a report on Friday, July 31st. Weiss Ratings upgraded CSW Industrials from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, August 3rd. Zacks Research downgraded CSW Industrials from a "strong-buy" rating to a "hold" rating in a report on Monday, July 27th. Finally, Wells Fargo & Company boosted their price objective on CSW Industrials from $285.00 to $320.00 and gave the stock an "equal weight" rating in a research report on Friday, July 31st. Two research 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. Based on data from MarketBeat, CSW Industrials currently has an average rating of "Moderate Buy" and an average price target of $347.57.
Check Out Our Latest Report on CSW Industrials
About CSW Industrials
(
Free Report)
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.
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