Champlain Investment Partners LLC Acquires New Position in CSW Industrials, Inc. $CSW

Key Points

• Champlain Investment Partners LLC has acquired an investment of approximately $81.19 million in CSW Industrials, representing a 1.66% ownership in the company.
• CSW Industrials announced a quarterly dividend of $0.27 per share, which translates to a 0.4% dividend yield.
• The company's recent quarterly earnings report revealed an EPS of $2.85, exceeding the consensus estimate of $2.62.

Champlain Investment Partners LLC bought a new stake in CSW Industrials, Inc. (NYSE:CSW - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 278,520 shares of the basic materials company's stock, valued at approximately $81,194,000. Champlain Investment Partners LLC owned 1.66% of CSW Industrials as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Conestoga Capital Advisors LLC grew its stake in CSW Industrials by 5.1% during the first quarter. Conestoga Capital Advisors LLC now owns 603,277 shares of the basic materials company's stock worth $175,867,000 after buying an additional 29,285 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in CSW Industrials by 34.5% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 316,464 shares of the basic materials company's stock worth $92,256,000 after buying an additional 81,139 shares during the last quarter. Northern Trust Corp grew its stake in CSW Industrials by 0.3% during the first quarter. Northern Trust Corp now owns 218,208 shares of the basic materials company's stock worth $63,612,000 after buying an additional 553 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in CSW Industrials by 0.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 207,136 shares of the basic materials company's stock worth $73,079,000 after buying an additional 661 shares during the last quarter. Finally, Invesco Ltd. grew its stake in CSW Industrials by 14.2% during the first quarter. Invesco Ltd. now owns 134,726 shares of the basic materials company's stock worth $39,275,000 after buying an additional 16,737 shares during the last quarter. Institutional investors own 82.79% of the company's stock.

Insider Buying and Selling at CSW Industrials

In related news, EVP James E. Perry sold 145 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $275.05, for a total value of $39,882.25. Following the transaction, the executive vice president directly owned 25,178 shares in the company, valued at $6,925,208.90. This represents a 0.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert M. Swartz sold 200 shares of the stock in a transaction that occurred 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 transaction, the director owned 12,319 shares in the company, valued at $3,084,308.03. This represents a 1.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,412 shares of company stock valued at $1,247,397. 1.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CSW. Wells Fargo & Company decreased their price objective on shares of 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. Citigroup upped their price objective on shares of CSW Industrials from $313.00 to $321.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Finally, Truist Financial set a $273.00 price objective on shares of CSW Industrials and gave the stock a "hold" rating in a research note on Tuesday, August 5th. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $319.75.

CSW Industrials Trading Up 0.4%

Shares of CSW stock traded up $1.15 on Monday, reaching $274.28. 158,318 shares of the stock were exchanged, compared to its average volume of 186,389. 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, Inc. has a one year low of $241.99 and a one year high of $436.50. The stock has a market cap of $4.61 billion, a PE ratio of 32.77 and a beta of 0.91. The stock has a 50 day moving average price of $282.06 and a 200 day moving average price of $295.50.

CSW Industrials (NYSE:CSW - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The basic materials company reported $2.85 EPS for the quarter, topping analysts' consensus estimates of $2.62 by $0.23. The firm had revenue of $263.65 million during the quarter, compared to analyst estimates of $278.27 million. CSW Industrials had a return on equity of 13.78% and a net margin of 15.18%. Equities research analysts forecast that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Dividend Announcement

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

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.