Deutsche Bank AG Sells 1,340 Shares of CSW Industrials, Inc. $CSW

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Deutsche Bank AG cut its stake in shares of CSW Industrials, Inc. (NYSE:CSW - Free Report) by 9.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Versant Capital Management Inc lifted its position in shares of CSW Industrials by 526.3% in the first quarter. Versant Capital Management Inc now owns 119 shares of the basic materials company's stock valued at $35,000 after acquiring an additional 100 shares in the last quarter. Whittier Trust Co. purchased a new position in shares of CSW Industrials in the first quarter valued at about $59,000. Kapitalo Investimentos Ltda purchased a new position in shares of CSW Industrials in the fourth quarter valued at about $89,000. GAMMA Investing LLC lifted its position in shares of 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 in the last quarter. Finally, Archer Investment Corp purchased a new position in shares of CSW Industrials in the first quarter valued at about $87,000. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

CSW Industrials Price Performance

Shares of NYSE:CSW traded up $15.42 during mid-day trading on Friday, reaching $272.82. The stock had a trading volume of 164,698 shares, compared to its average volume of 193,276. 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 $4.58 billion, a P/E ratio of 32.60 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 business's 50 day moving average price is $285.54 and its 200 day moving average price is $297.51.

CSW Industrials (NYSE:CSW - Get Free Report) last posted its earnings results 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. The company had revenue of $263.65 million for the quarter, compared to the consensus estimate of $278.27 million. CSW Industrials had a return on equity of 13.78% and a net margin of 15.18%. Research analysts expect that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Friday, July 25th were given 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 currently 12.90%.

Insider Activity at CSW Industrials

In other CSW Industrials news, Director Robert M. Swartz sold 200 shares of the business's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $250.37, for a total transaction of $50,074.00. Following the sale, the director directly owned 12,319 shares of the company's stock, valued at $3,084,308.03. The trade was a 1.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP James E. Perry sold 145 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $275.05, for a total value of $39,882.25. Following the sale, the executive vice president directly owned 25,178 shares in the company, valued at $6,925,208.90. The trade was a 0.57% 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 over the last ninety days. 1.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CSW has been the topic of several research analyst reports. Wells Fargo & Company lowered their price objective 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. 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. Finally, Citigroup boosted their price objective on CSW Industrials from $313.00 to $321.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, CSW Industrials presently has an average rating of "Hold" and an average target price of $319.75.

About CSW Industrials

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.