CSW Industrials, Inc. $CSW Shares Bought by Tidal Investments LLC

Key Points

• Tidal Investments increased its CSW Industrials stake by 30.9% in the second quarter, owning 56,251 shares worth approximately $15.7 million. Institutional investors and hedge funds collectively hold 82.79% of the company.
• CSW Industrials reported quarterly earnings of $3.84 per share, beating estimates of $3.66, while revenue rose 33% year over year to $350.65 million.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $347.57. The company also declared a quarterly dividend of $0.30 per share, representing a 0.4% yield.

Tidal Investments LLC lifted its stake in shares of CSW Industrials, Inc. (NYSE:CSW - Free Report) by 30.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,251 shares of the basic materials company's stock after acquiring an additional 13,287 shares during the quarter. Tidal Investments LLC owned 0.35% of CSW Industrials worth $15,655,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. AQR Capital Management LLC lifted its holdings in shares of CSW Industrials by 12.4% during the first quarter. AQR Capital Management LLC now owns 5,675 shares of the basic materials company's stock valued at $1,654,000 after purchasing an additional 624 shares during the last quarter. Integrated Wealth Concepts LLC increased its stake in CSW Industrials by 20.0% in the 1st quarter. Integrated Wealth Concepts LLC now owns 970 shares of the basic materials company's stock worth $283,000 after purchasing an additional 162 shares in the last quarter. Truist Financial Corp acquired a new stake in CSW Industrials during the 4th quarter worth about $367,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in CSW Industrials during the fourth quarter valued at about $31,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in CSW Industrials during the fourth quarter valued at about $972,000. 82.79% of the stock is currently owned by institutional investors and hedge funds.

CSW Industrials Stock Down 1.7%

CSW stock opened at $291.24 on Friday. The company has a 50 day moving average of $309.61 and a two-hundred day moving average of $287.43. The company has a market cap of $4.74 billion, a price-to-earnings ratio of 39.95 and a beta of 0.81. CSW Industrials, Inc. has a 12-month low of $230.45 and a 12-month high of $355.48. The company has a quick ratio of 1.36, a current ratio of 2.70 and a debt-to-equity ratio of 0.77.

CSW Industrials (NYSE:CSW - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.84 earnings per share for the quarter, topping analysts' consensus estimates of $3.66 by $0.18. CSW Industrials had a net margin of 10.34% and a return on equity of 17.41%. The business had revenue of $350.65 million for the quarter. The firm's revenue was up 33.0% compared to the same quarter last year. On average, equities analysts anticipate that CSW Industrials, Inc. will post 12.77 earnings per share for the current fiscal year.

CSW Industrials Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Friday, July 31st. CSW Industrials's dividend payout ratio is presently 16.46%.

Wall Street Analysts Forecast Growth

CSW has been the topic of a number of recent analyst reports. Citigroup boosted their price target on shares of CSW Industrials from $304.00 to $340.00 and gave the company a "neutral" rating in a report on Monday, August 3rd. Weiss Ratings upgraded shares of CSW Industrials from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday, August 3rd. JPMorgan Chase & Co. boosted their target price on shares of CSW Industrials from $350.00 to $380.00 and gave the company an "overweight" rating in a research note on Friday, July 31st. Zacks Research lowered CSW Industrials from a "strong-buy" rating to a "hold" rating in a report on Monday, July 27th. Finally, Truist Financial raised their target price on CSW Industrials from $313.00 to $332.00 and gave the stock a "hold" rating in a research report on Monday, August 3rd. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $347.57.

Insider Transactions at CSW Industrials

In related news, CEO Joseph Armes sold 1,500 shares of the business's stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $279.52, for a total value of $419,280.00. Following the completion of the sale, the chief executive officer owned 69,100 shares of the company's stock, valued at approximately $19,314,832. The trade was a 2.12% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jeff Underwood sold 720 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $346.96, for a total value of $249,811.20. Following the completion of the transaction, the executive vice president owned 6,409 shares in the company, valued at $2,223,666.64. This represents a 10.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.20% of the stock is owned by company insiders.

About CSW Industrials

CSW Industrials, Inc is a diversified industrial manufacturer that develops and supplies specialty chemical products, performance materials and precision surface solutions. The company's offerings span a range of end markets including energy, industrial processing, converting and automotive, where its products serve critical functions in production efficiency, equipment maintenance and process enhancement.

In its chemical business, CSW Industrials produces solvent- and water-based formulations such as surfactants, corrosion inhibitors and custom blends used in oilfield exploration and production, metalworking, water treatment and other industrial applications.

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