B. Metzler seel. Sohn & Co. AG Takes $3.56 Million Position in CSW Industrials, Inc. $CSW

Key Points

• B. Metzler seel. Sohn & Co. AG acquired 12,810 shares of CSW Industrials worth approximately $3.56 million, giving it a 0.08% stake. Institutional investors and hedge funds collectively own 82.79% of the company.
• CSW Industrials reported quarterly EPS of $3.84, exceeding estimates of $3.66, while revenue rose 33% year over year to $350.65 million. Shares opened at $329.84, near their 52-week high of $355.48.
• Analyst sentiment remains positive overall, with a consensus rating of “Moderate Buy” and an average price target of $347.57, although several firms maintain “Hold” ratings. The company also pays a quarterly dividend of $0.30 per share, while insiders have sold $1.10 million of stock over the past 90 days.

B. Metzler seel. Sohn & Co. AG purchased a new position in CSW Industrials, Inc. (NYSE:CSW - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,810 shares of the basic materials company's stock, valued at approximately $3,565,000. B. Metzler seel. Sohn & Co. AG owned 0.08% of CSW Industrials as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of CSW. Nicholas Company Inc. bought a new position in CSW Industrials in the 4th quarter valued at approximately $3,290,000. Mawer Investment Management Ltd. acquired a new position in shares of CSW Industrials during the fourth quarter worth $4,454,000. LRT Capital Management LLC bought a new position in shares of CSW Industrials in the 4th quarter valued at $1,550,000. Moody Aldrich Partners LLC bought a new position in shares of CSW Industrials in the 4th quarter valued at $5,149,000. Finally, Norges Bank acquired a new stake in shares of CSW Industrials during the 4th quarter valued at $86,425,000. Institutional investors and hedge funds own 82.79% of the company's stock.

Insider Transactions at CSW Industrials

In other CSW Industrials news, EVP Jeff Underwood sold 720 shares of the firm's stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $346.96, for a total value of $249,811.20. Following the completion of the sale, the executive vice president directly owned 6,409 shares in the company, valued at $2,223,666.64. This trade represents a 10.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Joseph B. Armes sold 1,500 shares of the company's stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $279.52, for a total value of $419,280.00. Following the completion of the sale, the chief executive officer owned 69,100 shares in the company, valued at $19,314,832. The trade was a 2.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 3,720 shares of company stock worth $1,095,001. 1.20% of the stock is owned by company insiders.

CSW Industrials Trading Up 2.2%

Shares of CSW Industrials stock opened at $329.84 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.70 and a quick ratio of 1.36. The stock has a fifty day moving average price of $300.33 and a 200-day moving average price of $286.24. CSW Industrials, Inc. has a 1 year low of $230.45 and a 1 year high of $355.48. The firm has a market cap of $5.37 billion, a PE ratio of 45.25 and a beta of 0.83.

CSW Industrials (NYSE:CSW - Get Free Report) last posted its 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. CSW Industrials had a return on equity of 17.41% and a net margin of 10.34%.The business had revenue of $350.65 million during the quarter. The firm's revenue was up 33.0% on a year-over-year basis. Equities research analysts anticipate that CSW Industrials, Inc. will post 12.77 EPS for the current year.

CSW Industrials Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms recently commented on CSW. Zacks Research lowered CSW Industrials from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 27th. Weiss Ratings upgraded shares of CSW Industrials from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, August 3rd. Wells Fargo & Company upped their price objective on shares of CSW Industrials from $285.00 to $320.00 and gave the company an "equal weight" rating in a report on Friday, July 31st. Truist Financial raised their target price on CSW Industrials from $313.00 to $332.00 and gave the company a "hold" rating in a research note on Monday, August 3rd. Finally, JPMorgan Chase & Co. upped their price target on CSW Industrials from $350.00 to $380.00 and gave the stock an "overweight" rating in a research note 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 assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $347.57.

About CSW Industrials

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source