6,639 Shares in CSW Industrials, Inc. $CSW Bought by Corient Private Wealth LP

Corient Private Wealth LP acquired a new position in CSW Industrials, Inc. (NYSE:CSW - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 6,639 shares of the basic materials company's stock, valued at approximately $1,848,000.

Several other institutional investors have also recently added to or reduced their stakes in CSW. Port Capital LLC bought a new stake in shares of CSW Industrials during the 2nd quarter valued at about $1,392,000. Nicholas Company Inc. acquired a new stake in CSW Industrials during the fourth quarter worth about $3,290,000. Mawer Investment Management Ltd. bought a new position in CSW Industrials in the fourth quarter worth about $4,454,000. LRT Capital Management LLC bought a new position in CSW Industrials in the fourth quarter worth about $1,550,000. Finally, Norges Bank acquired a new position in CSW Industrials in the fourth quarter valued at approximately $86,425,000. Institutional investors own 82.79% of the company's stock.

Analyst Upgrades and Downgrades

CSW has been the subject of several recent research reports. 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. Citigroup raised their price target on CSW Industrials from $304.00 to $340.00 and gave the stock a "neutral" rating in a report on Monday, August 3rd. Wells Fargo & Company boosted their price objective on CSW Industrials from $285.00 to $320.00 and gave the company an "equal weight" rating in a research 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. Finally, Truist Financial increased their target price on CSW Industrials from $313.00 to $332.00 and gave the stock a "hold" rating in a research report on Monday, August 3rd. Two investment 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. According to data from MarketBeat.com, CSW Industrials has an average rating of "Moderate Buy" and a consensus price target of $347.57.

CSW Industrials Price Performance

NYSE CSW opened at $306.29 on Friday. CSW Industrials, Inc. has a 52 week low of $230.45 and a 52 week high of $355.48. 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 stock has a market cap of $4.99 billion, a price-to-earnings ratio of 42.02 and a beta of 0.81. The company has a 50-day moving average price of $307.10 and a two-hundred day moving average price of $287.60.

CSW Industrials (NYSE:CSW - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.84 earnings per share 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 firm's revenue was up 33.0% compared to the same quarter last year. Analysts forecast that CSW Industrials, Inc. will post 12.77 EPS for the current year.

CSW Industrials Dividend Announcement

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

Insider Buying and Selling at CSW Industrials

In other CSW Industrials news, CEO Joseph B. Armes sold 1,500 shares of CSW Industrials stock in a transaction on Monday, June 15th. The stock was sold at an average price of $279.52, for a total transaction of $419,280.00. Following the sale, the chief executive officer owned 69,100 shares of the company's stock, valued at $19,314,832. The trade was a 2.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jeff Underwood sold 720 shares of the business'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 transaction, the executive vice president owned 6,409 shares of the company's stock, valued at $2,223,666.64. This trade represents a 10.10% decrease in their position. The SEC filing for this sale provides additional information. 1.20% of the stock is owned by insiders.

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.

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