California State Teachers Retirement System lifted its holdings in CSW Industrials, Inc. (NYSE:CSW - Free Report) by 23.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 19,557 shares of the basic materials company's stock after purchasing an additional 3,768 shares during the period. California State Teachers Retirement System owned about 0.12% of CSW Industrials worth $5,096,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Empowered Funds LLC increased its holdings in CSW Industrials by 25.2% during the first quarter. Empowered Funds LLC now owns 2,091 shares of the basic materials company's stock valued at $545,000 after buying an additional 421 shares during the period. Quantinno Capital Management LP raised its position in shares of CSW Industrials by 11.4% in the 1st quarter. Quantinno Capital Management LP now owns 10,558 shares of the basic materials company's stock worth $2,751,000 after acquiring an additional 1,081 shares in the last quarter. Punch & Associates Investment Management Inc. lifted its stake in shares of CSW Industrials by 1.9% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 50,987 shares of the basic materials company's stock worth $13,286,000 after purchasing an additional 969 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of CSW Industrials by 10.0% during the 1st quarter. Public Employees Retirement System of Ohio now owns 13,261 shares of the basic materials company's stock worth $3,456,000 after purchasing an additional 1,208 shares during the last quarter. Finally, Inceptionr LLC bought a new stake in CSW Industrials during the first quarter valued at about $300,000. Hedge funds and other institutional investors own 82.79% of the company's stock.
Insider Activity
In other news, CEO Joseph B. Armes sold 1,500 shares of the business's stock in a transaction on Monday, June 15th. The shares were sold at an average price of $279.52, for a total transaction of $419,280.00. Following the sale, the chief executive officer directly owned 69,100 shares of the company's stock, valued at $19,314,832. The trade was a 2.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.20% of the company's stock.
CSW Industrials Trading Up 0.3%
CSW Industrials stock opened at $347.08 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.36 and a current ratio of 2.70. The stock has a market cap of $5.65 billion, a PE ratio of 47.61 and a beta of 0.83. The stock has a 50-day moving average of $285.29 and a two-hundred day moving average of $283.83. CSW Industrials, Inc. has a one year low of $230.45 and a one year high of $351.52.
CSW Industrials (NYSE:CSW - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.84 earnings per share for the quarter, topping analysts' consensus estimates of $3.66 by $0.18. The business had revenue of $350.65 million for the quarter. CSW Industrials had a return on equity of 17.41% and a net margin of 10.34%.The business's revenue for the quarter was up 33.0% compared to the same quarter last year. On average, research analysts anticipate that CSW Industrials, Inc. will post 12.77 EPS for the current fiscal year.
CSW Industrials Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.3%. CSW Industrials's dividend payout ratio (DPR) is currently 16.46%.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on the company. Citigroup lifted their target price on CSW Industrials from $304.00 to $340.00 and gave the company a "neutral" rating in a research note on Monday. Zacks Research lowered shares of CSW Industrials from a "strong-buy" rating to a "hold" rating in a research report 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. Wells Fargo & Company lifted their price objective on shares of CSW Industrials from $285.00 to $320.00 and gave the stock an "equal weight" rating in a research report on Friday, July 31st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of 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 assigned a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $347.57.
View Our Latest Research Report on CSW Industrials
CSW Industrials Profile
(
Free Report)
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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