Cadinha & Co. LLC Acquires New Holdings in CSW Industrials, Inc. $CSW

Key Points

• Cadinha & Co. acquired a new stake of 4,283 shares in CSW Industrials during Q4, valued at about $1.26 million, and institutional investors now own 82.79% of the company.
• Insiders have sold 3,173 shares in the past 90 days—including CEO Joseph B. Armes (1,500 shares) and SVP Luke Alverson (1,007 shares)—totaling roughly $906k, with these trades executed under pre-arranged Rule 10b5-1 plans; insiders own 1.30%.
• CSW missed Q4 estimates (EPS $1.42 vs. $1.93; revenue $233M vs. $249M) but boosted its quarterly dividend to $0.30 (annualized $1.20, 0.4% yield); analysts' consensus rating is "Hold" with a $328.43 target.

Cadinha & Co. LLC acquired 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 Securities and Exchange Commission (SEC). The firm acquired 4,283 shares of the basic materials company's stock, valued at approximately $1,257,000.

Other institutional investors also recently added to or reduced their stakes in the company. CWM LLC bought a new stake in CSW Industrials during the fourth quarter valued at about $32,000. Salomon & Ludwin LLC bought a new stake in CSW Industrials during the fourth quarter valued at about $36,000. GAMMA Investing LLC bought a new stake in CSW Industrials during the fourth quarter valued at about $50,000. Blue Trust Inc. bought a new stake in CSW Industrials during the fourth quarter valued at about $57,000. Finally, Whittier Trust Co. bought a new stake in CSW Industrials during the fourth quarter valued at about $64,000. Institutional investors own 82.79% of the company's stock.

Insider Transactions at CSW Industrials

In other news, CEO Joseph B. Armes sold 1,500 shares of the firm's stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $286.77, for a total value of $430,155.00. Following the completion of the transaction, the chief executive officer directly owned 84,494 shares in the company, valued at $24,230,344.38. This trade represents a 1.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Luke Alverson sold 1,007 shares of the firm's stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $266.11, for a total value of $267,972.77. Following the completion of the transaction, the senior vice president owned 13,457 shares of the company's stock, valued at approximately $3,581,042.27. The trade was a 6.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 3,173 shares of company stock valued at $905,981. 1.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CSW. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of CSW Industrials in a research report on Monday, December 29th. Truist Financial raised their price target on CSW Industrials from $292.00 to $301.00 and gave the stock a "hold" rating in a report on Monday. Robert W. Baird started coverage on CSW Industrials in a report on Tuesday, February 17th. They issued an "outperform" rating and a $378.00 price target for the company. Wells Fargo & Company lowered 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. Finally, Zacks Research downgraded CSW Industrials from a "hold" rating to a "strong sell" rating in a report on Friday, February 6th. Two 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 given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $328.43.

CSW Industrials Price Performance

Shares of NYSE CSW opened at $296.35 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.97 and a current ratio of 2.36. The company has a market cap of $4.88 billion, a PE ratio of 39.30 and a beta of 0.84. The business has a 50-day simple moving average of $279.60 and a two-hundred day simple moving average of $280.34. CSW Industrials, Inc. has a fifty-two week low of $230.45 and a fifty-two week high of $338.90.

CSW Industrials (NYSE:CSW - Get Free Report) last issued its quarterly earnings results on Thursday, January 29th. The basic materials company reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.93 by ($0.51). The business had revenue of $232.99 million during the quarter, compared to analyst estimates of $249.36 million. CSW Industrials had a return on equity of 14.55% and a net margin of 12.64%. As a group, equities analysts expect that CSW Industrials, Inc. will post 9.9 EPS for the current fiscal year.

CSW Industrials Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Friday, April 24th will be paid a $0.30 dividend. The ex-dividend date is Friday, April 24th. This is a positive change from CSW Industrials's previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a dividend yield of 0.4%. CSW Industrials's dividend payout ratio (DPR) is 14.32%.

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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