CSW Industrials, Inc. $CSW Shares Bought by Punch & Associates Investment Management Inc.

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

A number of other institutional investors also recently made changes to their positions in CSW. Champlain Investment Partners LLC acquired a new position in shares of CSW Industrials in the first quarter worth $81,194,000. GAMMA Investing LLC raised its holdings in shares of CSW Industrials by 63,348.5% in the first quarter. GAMMA Investing LLC now owns 86,290 shares of the basic materials company's stock worth $25,155,000 after acquiring an additional 86,154 shares during the last quarter. Nuveen LLC acquired a new position in CSW Industrials in the first quarter valued at $24,711,000. Kayne Anderson Rudnick Investment Management LLC increased its stake in CSW Industrials by 34.5% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 316,464 shares of the basic materials company's stock valued at $92,256,000 after purchasing an additional 81,139 shares during the last quarter. Finally, Federated Hermes Inc. lifted its position in CSW Industrials by 1,539.2% during the first quarter. Federated Hermes Inc. now owns 68,766 shares of the basic materials company's stock worth $20,047,000 after buying an additional 64,571 shares during the period. 82.79% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, 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 value of $50,074.00. Following the completion of the sale, the director owned 12,319 shares of the company's stock, valued at $3,084,308.03. This represents a 1.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Joseph B. Armes sold 1,000 shares of the company's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $259.36, for a total value of $259,360.00. Following the completion of the sale, the chief executive officer directly owned 62,522 shares of the company's stock, valued at $16,215,705.92. The trade was a 1.57% decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,412 shares of company stock worth $1,247,397 over the last three months. 1.30% of the stock is currently owned by corporate insiders.

CSW Industrials Price Performance

CSW stock opened at $264.96 on Friday. The stock has a 50-day moving average price of $278.27 and a two-hundred day moving average price of $294.05. CSW Industrials, Inc. has a 12-month low of $241.99 and a 12-month high of $436.50. 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 has a market cap of $4.45 billion, a PE ratio of 31.66 and a beta of 0.91.

CSW Industrials (NYSE:CSW - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The basic materials company reported $2.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.62 by $0.23. CSW Industrials had a return on equity of 13.78% and a net margin of 15.18%.The firm had revenue of $263.65 million during the quarter, compared to the consensus estimate of $278.27 million. As a group, research analysts predict that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on CSW shares. Wells Fargo & Company reduced their target price on 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. Zacks Research upgraded CSW Industrials from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. Citigroup increased their target price on 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 target price on CSW Industrials and gave the stock a "hold" rating in a research report on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, CSW Industrials presently has a consensus rating of "Hold" and an average target price of $319.75.

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.

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