Avantax Advisory Services Inc. Acquires 1,132 Shares of CSW Industrials, Inc. (NYSE:CSW)

Key Points

• Avantax Advisory Services Inc. increased its holdings in CSW Industrials by 137.0%, acquiring 1,132 additional shares to reach a total of 1,958 shares valued at approximately $571,000.
• CSW Industrials recently declared a quarterly dividend of $0.27 per share, with a current annualized dividend yield of 0.4% and a payout ratio of 12.90%.
• In its latest earnings report, CSW Industrials exceeded earnings expectations with an EPS of $2.85, compared to the estimated $2.62, although revenue was below analyst estimates at $263.65 million.

Avantax Advisory Services Inc. raised its position in CSW Industrials, Inc. (NYSE:CSW - Free Report) by 137.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,958 shares of the basic materials company's stock after buying an additional 1,132 shares during the quarter. Avantax Advisory Services Inc.'s holdings in CSW Industrials were worth $571,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in CSW. GAMMA Investing LLC boosted its stake in shares of CSW Industrials by 117.6% in the 1st quarter. GAMMA Investing LLC now owns 296 shares of the basic materials company's stock valued at $86,000 after purchasing an additional 160 shares in the last quarter. KBC Group NV raised its holdings in shares of CSW Industrials by 19.0% in the 1st quarter. KBC Group NV now owns 840 shares of the basic materials company's stock worth $245,000 after acquiring an additional 134 shares during the last quarter. Fifth Third Bancorp lifted its stake in CSW Industrials by 9.3% during the 1st quarter. Fifth Third Bancorp now owns 401 shares of the basic materials company's stock valued at $117,000 after acquiring an additional 34 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in CSW Industrials by 13.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 60,449 shares of the basic materials company's stock valued at $17,622,000 after buying an additional 7,348 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of CSW Industrials during the 4th quarter valued at $18,197,000. 82.79% of the stock is owned by institutional investors.

CSW Industrials Stock Up 1.7%

Shares of CSW Industrials stock opened at $252.26 on Wednesday. CSW Industrials, Inc. has a 12-month low of $241.99 and a 12-month high of $436.50. The company has a current ratio of 2.86, a quick ratio of 1.48 and a debt-to-equity ratio of 0.09. The company's fifty day simple moving average is $295.97 and its two-hundred day simple moving average is $305.55. The company has a market cap of $4.24 billion, a P/E ratio of 30.14 and a beta of 0.91.

CSW Industrials (NYSE:CSW - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The basic materials company reported $2.85 EPS for the quarter, topping the consensus estimate of $2.62 by $0.23. CSW Industrials had a net margin of 15.18% and a return on equity of 13.78%. The business had revenue of $263.65 million for the quarter, compared to analyst estimates of $278.27 million. Research analysts anticipate that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Friday, July 25th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.4%. CSW Industrials's payout ratio is presently 12.90%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Citigroup upped their price target on CSW Industrials from $313.00 to $321.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. Wells Fargo & Company cut their target price on shares of CSW Industrials from $305.00 to $285.00 and set an "equal weight" rating for the company in a research report on Friday, August 1st. Finally, Truist Financial lowered their price target on shares of CSW Industrials from $337.00 to $273.00 and set a "hold" rating for the company in a research note on Tuesday. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, CSW Industrials currently has an average rating of "Hold" and a consensus price target of $319.75.

Insider Activity

In other news, EVP James E. Perry sold 145 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $304.00, for a total transaction of $44,080.00. Following the transaction, the executive vice president directly owned 25,468 shares of the company's stock, valued at $7,742,272. This represents a 0.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Luke Alverson sold 919 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $305.49, for a total transaction of $280,745.31. Following the completion of the transaction, the senior vice president owned 13,434 shares in the company, valued at $4,103,952.66. This trade represents a 6.40% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,964 shares of company stock worth $1,839,555. 1.30% of the stock is owned by corporate insiders.

About CSW Industrials

CSW Industrials, Inc operates as a diversified industrial company in the United States and internationally. It operates through three segments: Contractor Solutions, Engineered Building Solutions, and Specialized Reliability Solutions. The Contractor Solutions segment provides condensate pads, pans, pumps, switches, and traps; cements, diffusers, grilles, registers, solvents, thread sealants, and vents; line set covers; refrigerant caps; wire pulling head tools; electrical protection, chemical maintenance, and installation supplies for HVAC; ductless mini-split systems installation support tools and accessories; and drain waste and vent system products for use in HVAC/R, plumbing, general industrial, architecturally specified building products.

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