Campbell & CO Investment Adviser LLC Grows Position in CSW Industrials, Inc. $CSW

Key Points

• Campbell & CO Investment Adviser LLC has significantly increased its stake in CSW Industrials, growing its position by 424% during the first quarter, now owning approximately 8,782 shares valued at $2.56 million.
• CSW Industrials recently reported earnings of $2.85 per share, exceeding analyst expectations, despite a revenue of $263.65 million, which fell short of estimates.
• The company announced a quarterly dividend of $0.27 per share, representing an annualized dividend of $1.08, marking a yield of 0.4%.

Campbell & CO Investment Adviser LLC grew its position in shares of CSW Industrials, Inc. (NYSE:CSW - Free Report) by 424.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,782 shares of the basic materials company's stock after acquiring an additional 7,106 shares during the quarter. Campbell & CO Investment Adviser LLC owned 0.05% of CSW Industrials worth $2,560,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in CSW. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of CSW Industrials by 517.6% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 105 shares of the basic materials company's stock worth $31,000 after buying an additional 88 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of CSW Industrials by 526.3% in the 1st quarter. Versant Capital Management Inc now owns 119 shares of the basic materials company's stock worth $35,000 after buying an additional 100 shares during the last quarter. Whittier Trust Co. purchased a new position in shares of CSW Industrials in the 1st quarter worth about $59,000. GAMMA Investing LLC boosted its holdings in shares of CSW Industrials by 117.6% in the 1st quarter. GAMMA Investing LLC now owns 296 shares of the basic materials company's stock worth $86,000 after buying an additional 160 shares during the last quarter. Finally, Archer Investment Corp purchased a new position in shares of CSW Industrials in the 1st quarter worth about $87,000. 82.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

CSW Industrials Price Performance

Shares of CSW traded up $0.25 during midday trading on Friday, hitting $273.38. 102,674 shares of the company traded hands, compared to its average volume of 128,664. The stock has a 50-day moving average of $282.68 and a 200-day moving average of $296.13. CSW Industrials, Inc. has a one year low of $241.99 and a one year high of $436.50. The firm has a market cap of $4.59 billion, a P/E ratio of 32.66 and a beta of 0.91. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.86 and a quick ratio of 1.48.

CSW Industrials (NYSE:CSW - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The basic materials company reported $2.85 earnings per share 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 firm had revenue of $263.65 million for the quarter, compared to analysts' expectations of $278.27 million. As a group, sell-side analysts predict that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Announces Dividend

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

Insider Transactions at CSW Industrials

In other CSW Industrials news, Director Robert M. Swartz sold 200 shares of the company's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $250.37, for a total value of $50,074.00. Following the completion of the sale, the director owned 12,319 shares of the company's stock, valued at $3,084,308.03. This represents a 1.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP James E. Perry sold 145 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $275.05, for a total value of $39,882.25. Following the completion of the sale, the executive vice president directly owned 25,178 shares of the company's stock, valued at approximately $6,925,208.90. This represents a 0.57% decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,757 shares of company stock worth $1,351,753 in the last three months. Corporate insiders own 1.30% of the company's stock.

CSW Industrials Profile

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.