California State Teachers Retirement System Increases Stock Holdings in CSW Industrials, Inc. $CSW

Key Points

• California State Teachers Retirement System increased its CSW Industrials stake by 26,971.5% to 5.29 million shares, representing 32.5% of the company and approximately $1.47 billion in value. Institutional investors collectively own 82.79% of CSW’s stock.
• CSW Industrials reported quarterly EPS of $3.84, exceeding the $3.66 consensus estimate, while revenue rose 33% year over year to $350.65 million. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $347.57.
• The company declared a quarterly dividend of $0.30 per share, equivalent to $1.20 annually and a 0.4% yield. Two executives recently sold shares under disclosed transactions, while insiders own 1.2% of the company.

California State Teachers Retirement System raised its stake in shares of CSW Industrials, Inc. (NYSE:CSW - Free Report) by 26,971.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,294,379 shares of the basic materials company's stock after purchasing an additional 5,274,822 shares during the period. California State Teachers Retirement System owned 32.50% of CSW Industrials worth $1,473,426,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in CSW. Valley Wealth Managers Inc. purchased a new stake in CSW Industrials during the 1st quarter valued at about $26,000. Arax Advisory Partners purchased a new position in CSW Industrials in the 4th quarter worth approximately $28,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of CSW Industrials during the 2nd quarter valued at about $29,000. Public Employees Retirement System of Ohio purchased a new stake in shares of CSW Industrials in the second quarter valued at about $29,000. Finally, Global Retirement Partners LLC acquired a new stake in CSW Industrials during the second quarter worth about $31,000. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Truist Financial lifted their target price on shares of CSW Industrials from $313.00 to $332.00 and gave the stock a "hold" rating in a research note on Monday, August 3rd. Weiss Ratings upgraded CSW Industrials from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday, August 3rd. Wells Fargo & Company upped their price target on CSW Industrials from $285.00 to $320.00 and gave the company an "equal weight" rating in a research note on Friday, July 31st. JPMorgan Chase & Co. increased their price target on CSW Industrials from $350.00 to $380.00 and gave the stock an "overweight" rating in a report on Friday, July 31st. Finally, Citigroup raised their price objective on CSW Industrials from $304.00 to $340.00 and gave the stock a "neutral" rating in a research report on Monday, August 3rd. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $347.57.

CSW Industrials Stock Performance

NYSE:CSW opened at $299.71 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 firm has a market cap of $4.88 billion, a price-to-earnings ratio of 41.11 and a beta of 0.81. CSW Industrials, Inc. has a 1-year low of $230.45 and a 1-year high of $355.48. The firm's fifty day moving average price is $310.07 and its 200 day moving average price is $287.52.

CSW Industrials (NYSE:CSW - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.84 EPS for the quarter, topping analysts' consensus estimates of $3.66 by $0.18. The firm had revenue of $350.65 million for the quarter. CSW Industrials had a net margin of 10.34% and a return on equity of 17.41%. CSW Industrials's quarterly revenue was up 33.0% compared to the same quarter last year. On average, sell-side analysts expect that CSW Industrials, Inc. will post 12.77 EPS for the current year.

CSW Industrials Announces Dividend

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

Insiders Place Their Bets

In other news, EVP Jeff Underwood sold 720 shares of the stock in a transaction on 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 owned 6,409 shares of the company's stock, valued at $2,223,666.64. This represents a 10.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Joseph Armes sold 1,500 shares of the business's stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $279.52, for a total value of $419,280.00. Following the transaction, the chief executive officer owned 69,100 shares in the company, valued at approximately $19,314,832. This represents 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. Corporate insiders own 1.20% of the company's stock.

About CSW Industrials

CSW Industrials, Inc is a diversified industrial company that develops, manufactures and sells specialized products serving the building, construction, industrial and energy markets. Its offerings are sold under a portfolio of established brands and are designed for applications including heating, ventilation and air conditioning, refrigeration, plumbing, electrical systems and building safety.

The company operates through three primary business segments: Contractor Solutions, Specialized Reliability Solutions and Engineered Building Solutions.

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