Royal Bank of Canada Has $15.56 Million Position in CSW Industrials, Inc. $CSW

Key Points

• Royal Bank of Canada increased its stake in CSW Industrials by 7.7%, owning a total of 53,371 shares valued at approximately $15.56 million as of the latest SEC filing.
• CSW Industrials reported $2.85 EPS for the last quarter, surpassing estimates, despite revenue of $263.65 million falling short of expectations.
• The company’s last disclosed dividend was $0.27 per share, yielding an annualized rate of $1.08, which represents a payout ratio of 12.90%.

Royal Bank of Canada boosted its position in shares of CSW Industrials, Inc. (NYSE:CSW - Free Report) by 7.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 53,371 shares of the basic materials company's stock after purchasing an additional 3,835 shares during the period. Royal Bank of Canada owned about 0.32% of CSW Industrials worth $15,558,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Conestoga Capital Advisors LLC increased its holdings in shares of CSW Industrials by 5.1% during the first quarter. Conestoga Capital Advisors LLC now owns 603,277 shares of the basic materials company's stock worth $175,867,000 after buying an additional 29,285 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in CSW Industrials by 34.5% during the 1st 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 in the last quarter. Champlain Investment Partners LLC bought a new position in CSW Industrials in the 1st quarter valued at $81,194,000. Northern Trust Corp boosted its stake in CSW Industrials by 0.3% in the first quarter. Northern Trust Corp now owns 218,208 shares of the basic materials company's stock worth $63,612,000 after purchasing an additional 553 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of CSW Industrials by 14.2% during the first quarter. Invesco Ltd. now owns 134,726 shares of the basic materials company's stock worth $39,275,000 after purchasing an additional 16,737 shares during the last quarter. 82.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CSW shares. Citigroup lifted their price target on CSW Industrials from $313.00 to $321.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. Zacks Research raised shares of CSW Industrials from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, September 2nd. Wells Fargo & Company lowered their price target on shares of CSW Industrials from $305.00 to $285.00 and set an "equal weight" rating for the company in a report on Friday, August 1st. Finally, Truist Financial set a $273.00 price objective on CSW Industrials and gave the company 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, the company presently has an average rating of "Hold" and a consensus target price of $319.75.

CSW Industrials Trading Down 1.2%

CSW traded down $3.04 during mid-day trading on Tuesday, hitting $246.46. The stock had a trading volume of 107,388 shares, compared to its average volume of 148,308. The stock's fifty day simple moving average is $270.99 and its 200-day simple moving average is $291.47. The firm has a market capitalization of $4.14 billion, a price-to-earnings ratio of 29.45 and a beta of 0.91. CSW Industrials, Inc. has a 1-year low of $241.99 and a 1-year high of $436.50. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.86 and a quick ratio of 1.48.

CSW Industrials (NYSE:CSW - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $278.27 million. As a group, research analysts forecast that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Announces Dividend

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

Insider Activity at CSW Industrials

In other news, Director Robert M. Swartz sold 200 shares of the firm'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 transaction of $50,074.00. Following the completion of the transaction, the director directly owned 12,319 shares of the company's stock, valued at $3,084,308.03. This trade represents a 1.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joseph B. Armes sold 1,000 shares of the firm's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $250.00, for a total value of $250,000.00. Following the completion of the transaction, the chief executive officer owned 61,522 shares of the company's stock, valued at $15,380,500. The trade was a 1.60% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,412 shares of company stock valued at $1,497,397. 1.30% of the stock is owned by insiders.

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.