Punch & Associates Investment Management Inc. Acquires 1,580 Shares of CSW Industrials, Inc. $CSW

Key Points

• Punch & Associates Investment Management Inc. increased its stake in CSW Industrials by 3.3% during Q1, holding approximately 48,833 shares valued at $14.2 million.
• CEO Joseph B. Armes sold 1,000 shares for $259,360, while Director Robert M. Swartz sold 200 shares totaling $50,074, indicating recent insider selling activity.
• CSW Industrials reported $2.85 EPS for the last quarter, exceeding estimates of $2.62, and declared a quarterly dividend of $0.27 per share.

Punch & Associates Investment Management Inc. boosted its holdings in shares of CSW Industrials, Inc. (NYSE:CSW - Free Report) by 3.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,833 shares of the basic materials company's stock after buying an additional 1,580 shares during the quarter. Punch & Associates Investment Management Inc. owned about 0.29% of CSW Industrials worth $14,236,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CSW. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in CSW Industrials by 517.6% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 105 shares of the basic materials company's stock worth $31,000 after buying an additional 88 shares during the last quarter. Versant Capital Management Inc lifted its position in CSW Industrials by 526.3% during the 1st quarter. Versant Capital Management Inc now owns 119 shares of the basic materials company's stock worth $35,000 after acquiring an additional 100 shares during the last quarter. Whittier Trust Co. acquired a new position in CSW Industrials during the 1st quarter worth $59,000. GAMMA Investing LLC lifted its position in 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 acquiring an additional 160 shares during the last quarter. Finally, Archer Investment Corp acquired a new position in CSW Industrials during the 1st quarter worth $87,000. 82.79% of the stock is owned by institutional investors and hedge funds.

CSW Industrials Price Performance

Shares of CSW Industrials stock traded up $2.39 during midday trading on Thursday, hitting $254.87. 118,839 shares of the company were exchanged, compared to its average volume of 130,770. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.86 and a quick ratio of 1.48. The firm has a market cap of $4.28 billion, a P/E ratio of 30.45 and a beta of 0.91. CSW Industrials, Inc. has a 52 week low of $241.99 and a 52 week high of $436.50. The firm has a 50 day simple moving average of $275.38 and a 200-day simple moving average of $292.98.

CSW Industrials (NYSE:CSW - Get Free Report) last posted its earnings results on Thursday, July 31st. The basic materials company reported $2.85 EPS for the quarter, topping the consensus estimate of $2.62 by $0.23. CSW Industrials had a return on equity of 13.78% and a net margin of 15.18%.The business had revenue of $263.65 million during the quarter, compared to the consensus estimate of $278.27 million. 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 disclosed a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Friday, July 25th were paid 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 is 12.90%.

Insider Activity

In other CSW Industrials news, EVP Don Sullivan sold 1,067 shares of the company's stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $283.14, for a total transaction of $302,110.38. Following the sale, the executive vice president directly owned 22,641 shares of the company's stock, valued at approximately $6,410,572.74. This represents a 4.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert M. Swartz sold 200 shares of the company's stock in a transaction dated Friday, August 1st. The stock was 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 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. Insiders sold a total of 4,412 shares of company stock valued at $1,247,397 over the last three months. 1.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on CSW. Truist Financial set a $273.00 target price on shares of CSW Industrials and gave the stock a "hold" rating in a research report on Tuesday, August 5th. Wells Fargo & Company cut their target price on shares of CSW Industrials from $305.00 to $285.00 and set an "equal weight" rating for the company in a research report on Friday, August 1st. Zacks Research raised shares of CSW Industrials from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, September 2nd. Finally, Citigroup boosted their target price 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. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, CSW Industrials has an average rating of "Hold" and a consensus 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.