Allspring Global Investments Holdings LLC Buys Shares of 140,530 CSW Industrials, Inc. $CSW

Key Points

• Allspring Global Investments bought 140,530 shares of CSW Industrials (≈$41.46M), giving it about 0.84% ownership amid institutional ownership of 82.79%.
• CSW missed quarterly estimates with EPS of $1.42 vs. $1.93 expected and revenue of $232.99M vs. $249.36M, and analysts are mixed — MarketBeat consensus is a Hold with a $327.14 price target while individual ratings range from "strong sell" to "outperform."
• The stock trades near $262.80 (market cap $4.33B, P/E 34.85), pays a $0.27 quarterly dividend (~0.4% yield), and recent insider activity included a director buying 300 shares and the CEO selling 1,000 shares.

Allspring Global Investments Holdings LLC purchased a new stake in shares of CSW Industrials, Inc. (NYSE:CSW - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 140,530 shares of the basic materials company's stock, valued at approximately $41,461,000. Allspring Global Investments Holdings LLC owned about 0.84% of CSW Industrials as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. GAMMA Investing LLC purchased a new stake in CSW Industrials during the 4th quarter valued at $50,000. Harbor Investment Advisory LLC bought a new position in CSW Industrials in the fourth quarter valued at about $92,000. Eastern Bank purchased a new position in CSW Industrials in the fourth quarter worth about $122,000. Hilltop National Bank purchased a new position in CSW Industrials in the fourth quarter worth about $200,000. Finally, Dakota Wealth Management bought a new stake in shares of CSW Industrials during the 4th quarter valued at about $201,000. 82.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CSW. Citigroup lowered their price objective on shares of CSW Industrials from $333.00 to $307.00 and set a "neutral" rating on the stock in a research note on Friday, January 30th. CJS Securities raised shares of CSW Industrials to a "strong-buy" rating in a report on Thursday, December 11th. Robert W. Baird assumed coverage on shares of CSW Industrials in a research report on Tuesday, February 17th. They issued an "outperform" rating and a $378.00 price target on the stock. Zacks Research cut shares of CSW Industrials from a "hold" rating to a "strong sell" rating in a research note on Friday, February 6th. Finally, Truist Financial boosted their price objective on shares of CSW Industrials from $271.00 to $292.00 and gave the company a "hold" rating in a research report on Monday, February 2nd. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, CSW Industrials presently has a consensus rating of "Hold" and a consensus price target of $327.14.

CSW Industrials Price Performance

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. CSW Industrials, Inc. has a 12 month low of $230.45 and a 12 month high of $338.90. The stock has a market cap of $4.33 billion, a price-to-earnings ratio of 34.85 and a beta of 0.84. The company's 50 day moving average is $281.93 and its two-hundred day moving average is $276.48.

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

CSW Industrials Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 30th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Friday, January 30th. CSW Industrials's payout ratio is presently 14.32%.

Insider Activity

In other CSW Industrials news, Director Darron K. Ash acquired 300 shares of the company's stock in a transaction dated 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 completion of the purchase, the director directly owned 1,155 shares in the company, valued at approximately $296,396.10. The trade was a 35.09% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $328.64, for a total value of $328,640.00. Following the sale, the chief executive officer owned 62,526 shares of the company's stock, valued at $20,548,544.64. This represents a 1.57% decrease in their position. The SEC filing for this sale provides additional information. Company 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.

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