Arizona State Retirement System Purchases New Shares in CSW Industrials, Inc. $CSW

Key Points

• Arizona State Retirement System bought a new stake of 4,681 shares in CSW Industrials in Q4 (≈$1.374M), and several other institutions also opened or increased positions, leaving institutional investors with about 82.79% ownership.
• Analyst coverage is mixed with a MarketBeat consensus rating of "Hold" and a $328.43 consensus price target, while individual calls range from Zacks' "strong sell" to Robert W. Baird's "outperform" with a $378 target.
• CSW missed Q4 estimates (EPS $1.42 vs. $1.93 expected; revenue $232.99M vs. $249.36M), trades at a $4.72B market cap with a P/E of 38, and recently raised its quarterly dividend to $0.30 (annualized $1.20, ~0.4% yield).

Arizona State Retirement System acquired a new stake in shares of CSW Industrials, Inc. (NYSE:CSW - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 4,681 shares of the basic materials company's stock, valued at approximately $1,374,000.

A number of other large investors have also added to or reduced their stakes in the stock. Cadinha & Co. LLC purchased a new position in shares of CSW Industrials in the fourth quarter worth $1,257,000. Laurus Global Equity Management Inc. purchased a new position in shares of CSW Industrials in the fourth quarter worth $1,168,000. B. Metzler seel. Sohn & Co. AG purchased a new position in shares of CSW Industrials in the fourth quarter worth $3,635,000. HB Wealth Management LLC purchased a new position in shares of CSW Industrials in the fourth quarter worth $941,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of CSW Industrials in the fourth quarter worth $672,000. Hedge funds and other institutional investors own 82.79% of the company's stock.

Analyst Upgrades and Downgrades

CSW has been the subject of several research analyst reports. Zacks Research lowered CSW Industrials from a "hold" rating to a "strong sell" rating in a report on Friday, February 6th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of CSW Industrials in a report on Wednesday. Robert W. Baird initiated coverage on CSW Industrials in a report on Tuesday, February 17th. They issued an "outperform" rating and a $378.00 price objective for the company. Truist Financial lifted their price objective on CSW Industrials from $292.00 to $301.00 and gave the stock a "hold" rating in a report on Monday, April 20th. Finally, Wells Fargo & Company cut their price target on CSW Industrials from $300.00 to $280.00 and set an "equal weight" rating for the company in a report on Monday, February 2nd. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $328.43.

CSW Industrials Stock Performance

NYSE CSW opened at $286.54 on Friday. The stock has a 50-day simple moving average of $278.33 and a two-hundred day simple moving average of $282.10. The firm has a market capitalization of $4.72 billion, a P/E ratio of 38.00 and a beta of 0.84. CSW Industrials, Inc. has a fifty-two week low of $230.45 and a fifty-two week high of $338.90. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.97 and a current ratio of 2.36.

CSW Industrials (NYSE:CSW - Get Free Report) last posted its earnings results on Thursday, January 29th. The basic materials company reported $1.42 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 business had revenue of $232.99 million for the quarter, compared to analyst estimates of $249.36 million. On average, equities analysts forecast that CSW Industrials, Inc. will post 9.9 earnings per share for the current year.

CSW Industrials Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Friday, April 24th will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, April 24th. This represents a $1.20 annualized dividend and a dividend yield of 0.4%. This is an increase from CSW Industrials's previous quarterly dividend of $0.27. CSW Industrials's payout ratio is presently 15.92%.

Insider Buying and Selling

In other news, EVP Don Sullivan sold 166 shares of the business's stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $300.26, for a total transaction of $49,843.16. Following the transaction, the executive vice president directly owned 21,567 shares in the company, valued at $6,475,707.42. The trade was a 0.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Darron K. Ash purchased 300 shares of CSW Industrials stock in a transaction dated Friday, March 13th. The shares were purchased at an average cost of $256.62 per share, for a total transaction of $76,986.00. Following the transaction, the director owned 1,155 shares in the company, valued at approximately $296,396.10. This trade represents a 35.09% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have sold 3,173 shares of company stock valued at $905,981. 1.30% of the stock is currently owned by company insiders.

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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