CSW Industrials, Inc. $CSW Holdings Decreased by Deutsche Bank AG

Key Points

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Deutsche Bank AG lessened its stake in shares of CSW Industrials, Inc. (NYSE:CSW - Free Report) by 9.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,315 shares of the basic materials company's stock after selling 1,340 shares during the period. Deutsche Bank AG owned about 0.08% of CSW Industrials worth $3,882,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cary Street Partners Financial LLC bought a new stake in CSW Industrials during the first quarter valued at $313,000. US Bancorp DE boosted its holdings in shares of CSW Industrials by 5.0% during the first quarter. US Bancorp DE now owns 2,629 shares of the basic materials company's stock worth $766,000 after purchasing an additional 125 shares during the period. Natixis Advisors LLC increased its stake in shares of CSW Industrials by 27.0% during the first quarter. Natixis Advisors LLC now owns 58,955 shares of the basic materials company's stock valued at $17,187,000 after buying an additional 12,518 shares during the period. Federated Hermes Inc. raised its stake in CSW Industrials by 1,539.2% in 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 in the last quarter. Finally, TCTC Holdings LLC grew its position in shares of CSW Industrials by 2.2% in the 1st quarter. TCTC Holdings LLC now owns 1,882 shares of the basic materials company's stock worth $549,000 after buying an additional 41 shares during the period. 82.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other CSW Industrials news, EVP Don Sullivan sold 1,067 shares of the company's stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $283.14, for a total value of $302,110.38. Following the sale, the executive vice president 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $294.92, for a total transaction of $294,920.00. Following the completion of the sale, the chief executive officer directly owned 63,522 shares of the company's stock, valued at $18,733,908.24. The trade was a 1.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,676 shares of company stock valued at $1,942,668 in the last 90 days. 1.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on CSW shares. 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. Truist Financial set a $273.00 target price on CSW Industrials and gave the company a "hold" rating in a research report on Tuesday, August 5th. Finally, Citigroup boosted their price objective on shares of CSW Industrials from $313.00 to $321.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, CSW Industrials currently has a consensus rating of "Hold" and a consensus target price of $319.75.

CSW Industrials Trading Down 1.6%

Shares of CSW stock traded down $4.25 during trading on Thursday, hitting $258.00. 216,305 shares of the stock traded hands, compared to its average volume of 128,520. CSW Industrials, Inc. has a 52-week low of $241.99 and a 52-week high of $436.50. The firm's fifty day moving average price is $287.13 and its 200-day moving average price is $298.47. The firm has a market capitalization of $4.33 billion, a P/E ratio of 30.82 and a beta of 0.91. 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 announced its quarterly earnings data on Thursday, July 31st. The basic materials company reported $2.85 earnings per share (EPS) for the quarter, beating 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 analysts' expectations of $278.27 million. As a group, research analysts forecast that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Dividend Announcement

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

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.