CSW Industrials, Inc. $CSW Shares Purchased by Raymond James Financial Inc.

Key Points

• Raymond James Financial Inc. increased its holdings in CSW Industrials by 8.0%, owning 55,708 shares valued at approximately $16.24 million as of the end of the 1st quarter.
• In its recent earnings report, CSW Industrials reported $2.85 earnings per share, surpassing analysts' expectations of $2.62, although its revenue of $263.65 million fell short of forecasts.
• CSW Industrials announced a quarterly dividend of $0.27 per share, representing a yield of 0.4%, with a dividend payout ratio of 12.90%.

Raymond James Financial Inc. lifted its stake in CSW Industrials, Inc. (NYSE:CSW - Free Report) by 8.0% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 55,708 shares of the basic materials company's stock after buying an additional 4,129 shares during the quarter. Raymond James Financial Inc. owned approximately 0.33% of CSW Industrials worth $16,240,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Sit Investment Associates Inc. purchased a new position in shares of CSW Industrials in the first quarter worth $1,972,000. Russell Investments Group Ltd. lifted its holdings in shares of CSW Industrials by 35.9% in the first quarter. Russell Investments Group Ltd. now owns 1,143 shares of the basic materials company's stock worth $333,000 after buying an additional 302 shares in the last quarter. HighTower Advisors LLC lifted its holdings in shares of CSW Industrials by 12.6% in the first quarter. HighTower Advisors LLC now owns 4,276 shares of the basic materials company's stock worth $1,246,000 after buying an additional 480 shares in the last quarter. Public Sector Pension Investment Board lifted its holdings in shares of CSW Industrials by 27.2% in the first quarter. Public Sector Pension Investment Board now owns 53,241 shares of the basic materials company's stock worth $15,521,000 after buying an additional 11,392 shares in the last quarter. Finally, Nuveen LLC purchased a new position in shares of CSW Industrials in the first quarter worth $24,711,000. Hedge funds and other institutional investors own 82.79% of the company's stock.

Insider Activity

In other CSW Industrials news, EVP James E. Perry sold 145 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $275.05, for a total transaction of $39,882.25. Following the completion of the sale, the executive vice president directly owned 25,178 shares of the company's stock, valued at approximately $6,925,208.90. This represents a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $259.36, for a total transaction of $259,360.00. Following the sale, the chief executive officer directly owned 62,522 shares of the company's stock, valued at approximately $16,215,705.92. The trade was a 1.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,412 shares of company stock valued at $1,247,397. Corporate insiders own 1.30% of the company's stock.

CSW Industrials Stock Down 1.1%

NYSE:CSW traded down $3.03 during mid-day trading on Wednesday, reaching $263.64. The company's stock had a trading volume of 164,132 shares, compared to its average volume of 175,156. CSW Industrials, Inc. has a 1 year low of $241.99 and a 1 year high of $436.50. The stock has a fifty day moving average of $279.85 and a 200-day moving average of $294.79. The firm has a market capitalization of $4.43 billion, a PE ratio of 31.50 and a beta of 0.91. 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 (NYSE:CSW - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The basic materials company reported $2.85 earnings per share for the quarter, topping analysts' consensus estimates of $2.62 by $0.23. CSW Industrials had a net margin of 15.18% and a return on equity of 13.78%. The company had revenue of $263.65 million during the quarter, compared to analyst estimates of $278.27 million. Equities research analysts forecast that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Dividend Announcement

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

Analyst Ratings Changes

Several brokerages recently weighed in on CSW. Wells Fargo & Company reduced 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. Citigroup boosted 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. Finally, 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. Four research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $319.75.

CSW Industrials Company 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.