Connor Clark & Lunn Investment Management Ltd. Has $7.81 Million Stock Holdings in CSW Industrials, Inc. (NYSE:CSW)

Key Points

• Connor Clark & Lunn Investment Management Ltd. reduced its stake in CSW Industrials, Inc. by 14.4%, selling 4,492 shares to hold a total of 26,775 shares valued at approximately $7.8 million.
• CSW Industrials recently announced a quarterly dividend of $0.27 per share, which equates to an annualized dividend of $1.08 and a yield of 0.4%.
• The company reported earnings per share of $2.85 in the last quarter, exceeding estimates, although revenue fell short at $263.65 million compared to the expected $278.27 million.

Connor Clark & Lunn Investment Management Ltd. lessened its stake in shares of CSW Industrials, Inc. (NYSE:CSW - Free Report) by 14.4% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 26,775 shares of the basic materials company's stock after selling 4,492 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.16% of CSW Industrials worth $7,805,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC lifted its stake in shares of CSW Industrials by 117.6% during 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. KBC Group NV increased its position in CSW Industrials by 19.0% during the first quarter. KBC Group NV now owns 840 shares of the basic materials company's stock worth $245,000 after acquiring an additional 134 shares during the period. Fifth Third Bancorp increased its position in CSW Industrials by 9.3% during the first quarter. Fifth Third Bancorp now owns 401 shares of the basic materials company's stock worth $117,000 after acquiring an additional 34 shares during the period. Envestnet Asset Management Inc. increased its position in CSW Industrials by 13.8% during the first quarter. Envestnet Asset Management Inc. now owns 60,449 shares of the basic materials company's stock worth $17,622,000 after acquiring an additional 7,348 shares during the period. Finally, Raymond James Financial Inc. bought a new position in CSW Industrials during the fourth quarter worth about $18,197,000. Institutional investors and hedge funds own 82.79% of the company's stock.

Wall Street Analysts Forecast Growth

CSW has been the topic of a number of recent research reports. Wells Fargo & Company lowered their price target on shares of CSW Industrials from $305.00 to $285.00 and set an "equal weight" rating on the stock in a research report on Friday, August 1st. Truist Financial set a $273.00 price target on shares of CSW Industrials and gave the stock a "hold" rating in a research report on Tuesday, August 5th. Finally, Citigroup raised their price target on shares of CSW Industrials from $313.00 to $321.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Five research analysts have rated the stock with a hold rating, According to MarketBeat, CSW Industrials currently has a consensus rating of "Hold" and an average target price of $319.75.

CSW Industrials Price Performance

CSW stock traded down $6.46 during mid-day trading on Friday, hitting $259.45. The stock had a trading volume of 152,903 shares, compared to its average volume of 186,073. The company has a current ratio of 2.86, a quick ratio of 1.48 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. The firm has a market capitalization of $4.36 billion, a P/E ratio of 31.00 and a beta of 0.91. The firm has a fifty day simple moving average of $289.69 and a 200 day simple moving average of $299.95.

CSW Industrials (NYSE:CSW - Get Free Report) last released its earnings results on Thursday, July 31st. The basic materials company reported $2.85 EPS 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 firm had revenue of $263.65 million for the quarter, compared to analyst estimates of $278.27 million. As a group, research analysts forecast that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 8th. Investors 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 dividend payout ratio (DPR) is presently 12.90%.

Insider Activity at CSW Industrials

In related news, Director Robert M. Swartz sold 200 shares of CSW Industrials 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 sale, the director directly owned 12,319 shares of the company's stock, valued at approximately $3,084,308.03. The trade was a 1.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $294.92, for a total transaction of $294,920.00. Following the sale, the chief executive officer directly owned 63,522 shares in the company, valued at $18,733,908.24. This trade represents a 1.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,609 shares of company stock worth $1,381,198 in the last ninety days. 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.