Bragg Financial Advisors Inc Sells 10,387 Shares of CSW Industrials, Inc. $CSW

Key Points

• Bragg Financial Advisors Inc sold 10,387 shares of CSW Industrials, Inc., reducing its stake by 31.7% to 22,355 shares, valued at approximately $6.5 million.
• Institutional investors hold 82.79% of CSW Industrials, with notable increases in holdings from firms like Bessemer Group Inc., which grew its position by 5,715.2%.
• CSW Industrials recently declared a quarterly dividend of $0.27, representing an annualized yield of 0.4%, with a dividend payout ratio of 12.90%.

Bragg Financial Advisors Inc decreased its holdings in CSW Industrials, Inc. (NYSE:CSW - Free Report) by 31.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,355 shares of the basic materials company's stock after selling 10,387 shares during the quarter. Bragg Financial Advisors Inc owned 0.13% of CSW Industrials worth $6,517,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of CSW. Mariner LLC grew its stake in shares of CSW Industrials by 2.1% in the fourth quarter. Mariner LLC now owns 2,204 shares of the basic materials company's stock worth $778,000 after purchasing an additional 45 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of CSW Industrials by 9.0% in the fourth quarter. NewEdge Advisors LLC now owns 1,248 shares of the basic materials company's stock valued at $440,000 after buying an additional 103 shares during the period. First Trust Advisors LP lifted its holdings in shares of CSW Industrials by 27.8% in the fourth quarter. First Trust Advisors LP now owns 39,373 shares of the basic materials company's stock valued at $13,891,000 after buying an additional 8,566 shares during the period. MetLife Investment Management LLC lifted its holdings in shares of CSW Industrials by 7.1% in the fourth quarter. MetLife Investment Management LLC now owns 10,034 shares of the basic materials company's stock valued at $3,540,000 after buying an additional 668 shares during the period. Finally, Teachers Retirement System of The State of Kentucky lifted its holdings in shares of CSW Industrials by 87,816.7% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 5,275 shares of the basic materials company's stock valued at $1,861,000 after buying an additional 5,269 shares during the period. Institutional investors own 82.79% of the company's stock.

CSW Industrials Trading Up 6.0%

Shares of NYSE CSW traded up $15.42 during mid-day trading on Friday, hitting $272.82. 164,698 shares of the company traded hands, compared to its average volume of 196,300. CSW Industrials, Inc. has a 1 year low of $241.99 and a 1 year high of $436.50. The stock has a market capitalization of $4.58 billion, a price-to-earnings ratio of 32.60 and a beta of 0.91. The company has a quick ratio of 1.48, a current ratio of 2.86 and a debt-to-equity ratio of 0.09. The business has a 50 day moving average of $285.54 and a two-hundred day moving average of $297.30.

CSW Industrials (NYSE:CSW - Get Free Report) last announced its earnings results on Thursday, July 31st. The basic materials company reported $2.85 EPS for the quarter, beating the consensus estimate of $2.62 by $0.23. CSW Industrials had a return on equity of 13.78% and a net margin of 15.18%.The business had revenue of $263.65 million during the quarter, compared to the consensus estimate of $278.27 million. On average, sell-side analysts anticipate that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Friday, July 25th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.4%. CSW Industrials's dividend payout ratio is currently 12.90%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CSW shares. Wells Fargo & Company cut their price objective on CSW Industrials from $305.00 to $285.00 and set an "equal weight" rating for the company in a report on Friday, August 1st. Truist Financial set a $273.00 price objective on CSW Industrials and gave the company a "hold" rating in a report on Tuesday, August 5th. Finally, Citigroup upped their price objective on CSW Industrials from $313.00 to $321.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat, CSW Industrials currently has a consensus rating of "Hold" and an average target price of $319.75.

Insider Buying and Selling

In other news, EVP Don Sullivan sold 1,067 shares of the stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $283.14, for a total transaction of $302,110.38. Following the transaction, the executive vice president owned 22,641 shares of the company's stock, valued at approximately $6,410,572.74. This represents a 4.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $294.92, for a total value of $294,920.00. Following the transaction, the chief executive officer directly owned 63,522 shares in the company, valued at approximately $18,733,908.24. This represents a 1.55% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,676 shares of company stock worth $1,942,668. Insiders own 1.30% of the company's stock.

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.