CSW Industrials, Inc. $CSW Shares Bought by Alyeska Investment Group L.P.

Key Points

• Alyeska Investment Group L.P. increased its stake in CSW Industrials, Inc. by 427.6% during the 1st quarter, owning approximately 0.33% of the company worth <$16 million.
• CEO Joseph B. Armes sold 1,000 shares at an average price of $259.36, which decreased his ownership position by 1.57%.
• CSW Industrials reported earnings per share of $2.85, exceeding estimates, and declared a quarterly dividend of $0.27.

Alyeska Investment Group L.P. lifted its holdings in CSW Industrials, Inc. (NYSE:CSW - Free Report) by 427.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 55,000 shares of the basic materials company's stock after purchasing an additional 44,576 shares during the quarter. Alyeska Investment Group L.P. owned about 0.33% of CSW Industrials worth $16,034,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CSW. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of CSW Industrials by 517.6% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 105 shares of the basic materials company's stock valued at $31,000 after buying an additional 88 shares in the last quarter. Versant Capital Management Inc grew its position in CSW Industrials by 526.3% in the first quarter. Versant Capital Management Inc now owns 119 shares of the basic materials company's stock valued at $35,000 after acquiring an additional 100 shares during the last quarter. Whittier Trust Co. bought a new position in CSW Industrials in the first quarter valued at about $59,000. GAMMA Investing LLC grew its position in CSW Industrials by 117.6% in the first quarter. GAMMA Investing LLC now owns 296 shares of the basic materials company's stock valued at $86,000 after acquiring an additional 160 shares during the last quarter. Finally, Archer Investment Corp bought a new stake in shares of CSW Industrials during the first quarter worth about $87,000. Institutional investors and hedge funds own 82.79% of the company's stock.

Insiders Place Their Bets

In related news, EVP James E. Perry sold 145 shares of the business's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $275.05, for a total value of $39,882.25. Following the sale, the executive vice president directly owned 25,178 shares in the company, valued at approximately $6,925,208.90. The trade was a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert M. Swartz sold 200 shares of the company's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $250.37, for a total value of $50,074.00. Following the transaction, 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. Insiders have sold 4,412 shares of company stock valued at $1,247,397 over the last three months. Insiders own 1.30% of the company's stock.

CSW Industrials Trading Down 0.2%

NYSE CSW traded down $0.62 on Wednesday, hitting $252.06. The company's stock had a trading volume of 26,515 shares, compared to its average volume of 129,986. The firm has a market cap of $4.23 billion, a P/E ratio of 30.11 and a beta of 0.91. The company has a current ratio of 2.86, a quick ratio of 1.48 and a debt-to-equity ratio of 0.09. The company's 50-day simple moving average is $276.43 and its 200 day simple moving average is $293.26. 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 released its earnings results on Thursday, July 31st. The basic materials company reported $2.85 EPS for the quarter, beating analysts' consensus estimates of $2.62 by $0.23. The company had revenue of $263.65 million during the quarter, compared to analysts' expectations of $278.27 million. CSW Industrials had a return on equity of 13.78% and a net margin of 15.18%. Research analysts predict that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Friday, July 25th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.4%. CSW Industrials's dividend payout ratio (DPR) is presently 12.90%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Truist Financial set a $273.00 price target on CSW Industrials and gave the company a "hold" rating in a research note on Tuesday, August 5th. Zacks Research upgraded CSW Industrials from a "hold" rating to a "strong-buy" rating in a report on Tuesday, September 2nd. Wells Fargo & Company reduced their price objective on CSW Industrials from $305.00 to $285.00 and set an "equal weight" rating for the company in a research note on Friday, August 1st. Finally, Citigroup upped their price target on CSW Industrials from $313.00 to $321.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $319.75.

About CSW Industrials

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.