Royal Bank of Canada Buys 3,835 Shares of 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 raised its position in CSW Industrials, Inc. (NYSE:CSW - Free Report) by 7.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,371 shares of the basic materials company's stock after buying an additional 3,835 shares during the quarter. Royal Bank of Canada owned about 0.32% of CSW Industrials worth $15,558,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC grew its position in CSW Industrials by 117.6% in the first quarter. GAMMA Investing LLC now owns 296 shares of the basic materials company's stock valued at $86,000 after acquiring an additional 160 shares during the last quarter. KBC Group NV boosted its stake in shares of CSW Industrials by 19.0% in the 1st quarter. KBC Group NV now owns 840 shares of the basic materials company's stock valued at $245,000 after purchasing an additional 134 shares in the last quarter. Fifth Third Bancorp increased its position in CSW Industrials by 9.3% during the 1st quarter. Fifth Third Bancorp now owns 401 shares of the basic materials company's stock worth $117,000 after purchasing an additional 34 shares in the last quarter. Envestnet Asset Management Inc. increased its position in CSW Industrials by 13.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 60,449 shares of the basic materials company's stock worth $17,622,000 after purchasing an additional 7,348 shares in the last quarter. Finally, LPL Financial LLC lifted its stake in CSW Industrials by 9.6% in the 1st quarter. LPL Financial LLC now owns 14,299 shares of the basic materials company's stock valued at $4,168,000 after purchasing an additional 1,254 shares during the last quarter. Institutional investors own 82.79% of the company's stock.

CSW Industrials Trading Down 1.6%

Shares of NYSE CSW traded down $4.10 during trading on Friday, reaching $250.74. The company had a trading volume of 101,531 shares, compared to its average volume of 148,319. The stock has a market cap of $4.21 billion, a P/E ratio of 29.96 and a beta of 0.91. The company's fifty day moving average price is $273.29 and its 200-day moving average price is $292.22. 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, Inc. has a 12 month low of $241.99 and a 12 month high of $436.50.

CSW Industrials (NYSE:CSW - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The basic materials company reported $2.85 EPS for the quarter, topping 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 company had revenue of $263.65 million for the quarter, compared to analyst estimates of $278.27 million. As a group, research analysts expect that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CSW shares. Citigroup increased their price target on CSW Industrials from $313.00 to $321.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. Truist Financial set a $273.00 target price on CSW Industrials and gave the stock a "hold" rating in a report on Tuesday, August 5th. Wells Fargo & Company reduced their price target on CSW Industrials from $305.00 to $285.00 and set an "equal weight" rating on the stock in a report on Friday, August 1st. Finally, Zacks Research raised CSW Industrials from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $319.75.

Insiders Place Their Bets

In related news, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $294.92, for a total value of $294,920.00. Following the completion of the sale, the chief executive officer owned 63,522 shares of the company's stock, valued at approximately $18,733,908.24. This trade represents a 1.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Don Sullivan sold 1,067 shares of the business's stock in a transaction on 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 owned 22,641 shares of the company's stock, valued at $6,410,572.74. This trade represents a 4.50% decrease in their position. 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 in the last ninety days. 1.30% of the stock is owned by corporate 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.