Comerica Bank Invests $24.17 Million in CSW Industrials, Inc. $CSW

Key Points

• Comerica Bank bought 82,356 shares of CSW Industrials valued at about $24.17 million, representing roughly 0.49% of the company.
• Insiders—including SVP Luke Alverson (1,007 shares) and CEO Joseph B. Armes (1,500 shares)—have recently sold stock under pre-arranged Rule 10b5-1 plans; insiders disposed of 3,173 shares in the last 90 days and now own 1.30% of CSW.
• CSW missed Q4 estimates with EPS of $1.42 versus $1.93 expected and revenue of $232.99M versus $249.36M, and analysts hold a consensus Hold rating with an average price target of $328.43.

Comerica Bank purchased a new position in shares of CSW Industrials, Inc. (NYSE:CSW - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 82,356 shares of the basic materials company's stock, valued at approximately $24,174,000. Comerica Bank owned 0.49% of CSW Industrials as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. CWM LLC purchased a new stake in shares of CSW Industrials in the 4th quarter worth about $32,000. Salomon & Ludwin LLC purchased a new stake in shares of CSW Industrials in the 4th quarter worth about $36,000. GAMMA Investing LLC purchased a new stake in shares of CSW Industrials in the 4th quarter worth about $50,000. Blue Trust Inc. purchased a new stake in shares of CSW Industrials in the 4th quarter worth about $57,000. Finally, Whittier Trust Co. purchased a new stake in shares of CSW Industrials in the 4th quarter worth about $64,000. 82.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity at CSW Industrials

In other news, SVP Luke Alverson sold 1,007 shares of the stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $266.11, for a total transaction of $267,972.77. Following the transaction, the senior vice president directly owned 13,457 shares in the company, valued at $3,581,042.27. This represents a 6.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Joseph B. Armes sold 1,500 shares of the stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $286.77, for a total transaction of $430,155.00. Following the transaction, the chief executive officer owned 84,494 shares in the company, valued at approximately $24,230,344.38. The trade was a 1.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 3,173 shares of company stock valued at $905,981. Insiders own 1.30% of the company's stock.

CSW Industrials Price Performance

NYSE:CSW opened at $299.69 on Tuesday. The firm has a market cap of $4.94 billion, a price-to-earnings ratio of 39.75 and a beta of 0.84. The company has a current ratio of 2.36, a quick ratio of 0.97 and a debt-to-equity ratio of 0.72. The company's 50-day moving average is $279.14 and its two-hundred day moving average is $281.58. CSW Industrials, Inc. has a 12-month low of $230.45 and a 12-month high of $338.90.

CSW Industrials (NYSE:CSW - Get Free Report) last released its earnings results on Thursday, January 29th. The basic materials company reported $1.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.93 by ($0.51). The firm had revenue of $232.99 million during the quarter, compared to analysts' expectations of $249.36 million. CSW Industrials had a net margin of 12.64% and a return on equity of 14.55%. Research analysts expect that CSW Industrials, Inc. will post 9.9 EPS for the current year.

CSW Industrials Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Friday, April 24th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Friday, April 24th. This is an increase from CSW Industrials's previous quarterly dividend of $0.27. CSW Industrials's payout ratio is currently 15.92%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Weiss Ratings reiterated a "hold (c+)" rating on shares of CSW Industrials in a research report on Monday, December 29th. Wells Fargo & Company decreased their price objective on shares of CSW Industrials from $300.00 to $280.00 and set an "equal weight" rating on the stock in a research report on Monday, February 2nd. Zacks Research lowered shares of CSW Industrials from a "hold" rating to a "strong sell" rating in a report on Friday, February 6th. The Goldman Sachs Group upped their target price on shares of CSW Industrials from $302.00 to $333.00 and gave the company a "neutral" rating in a report on Tuesday, January 13th. Finally, Citigroup reduced their target price on shares of CSW Industrials from $333.00 to $307.00 and set a "neutral" rating on the stock in a report on Friday, January 30th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $328.43.

CSW Industrials Company Profile

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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