Cary Street Partners Financial LLC Purchases Shares of 1,075 CSW Industrials, Inc. (NYSE:CSW)

Key Points

• Cary Street Partners Financial LLC has acquired a new stake in CSW Industrials, purchasing 1,075 shares valued at approximately $313,000.
• CSW Industrials reported earnings of $2.85 per share for the last quarter, exceeding estimates by $0.23, despite a revenue shortfall of approximately $14.62 million against expectations.
• The company recently declared a quarterly dividend of $0.27 per share with a dividend yield of 0.4%, and has a dividend payout ratio of 12.90%.

Cary Street Partners Financial LLC purchased a new stake in shares of CSW Industrials, Inc. (NYSE:CSW - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,075 shares of the basic materials company's stock, valued at approximately $313,000.

Other large investors have also added to or reduced their stakes in the company. Versant Capital Management Inc lifted its holdings in shares of CSW Industrials by 526.3% in the first 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 in the last quarter. Whittier Trust Co. purchased a new position in shares of CSW Industrials in the first quarter worth $59,000. GAMMA Investing LLC lifted its holdings in shares of CSW Industrials by 117.6% in the first quarter. GAMMA Investing LLC now owns 296 shares of the basic materials company's stock worth $86,000 after buying an additional 160 shares in the last quarter. Archer Investment Corp purchased a new position in shares of CSW Industrials in the first quarter worth $87,000. Finally, Kapitalo Investimentos Ltda purchased a new position in shares of CSW Industrials in the fourth quarter worth $89,000. Hedge funds and other institutional investors own 82.79% of the company's stock.

CSW Industrials Price Performance

CSW Industrials stock opened at $261.92 on Friday. The company has a market cap of $4.40 billion, a price-to-earnings ratio of 31.29 and a beta of 0.91. The firm's fifty day moving average is $293.05 and its 200 day moving average is $302.75. The company has a quick ratio of 1.48, a current ratio of 2.86 and a debt-to-equity ratio of 0.09. CSW Industrials, Inc. has a 52-week low of $241.99 and a 52-week high of $436.50.

CSW Industrials (NYSE:CSW - Get Free Report) last announced its 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 net margin of 15.18% and a return on equity of 13.78%. The business had revenue of $263.65 million for the quarter, compared to the consensus estimate of $278.27 million. Sell-side analysts forecast that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Dividend Announcement

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

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, EVP James E. Perry sold 145 shares of the stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $304.00, for a total value of $44,080.00. Following the sale, the executive vice president owned 25,468 shares of the company's stock, valued at approximately $7,742,272. This represents a 0.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert M. Swartz sold 200 shares of the stock in a transaction on Friday, August 1st. The shares were sold at an average price of $250.37, for a total transaction of $50,074.00. Following the completion of the sale, the director directly owned 12,319 shares in the company, valued at approximately $3,084,308.03. This represents a 1.60% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,964 shares of company stock valued at $1,839,555. 1.30% of the stock is currently owned by company insiders.

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.

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