Great Lakes Advisors LLC Lowers Position in CSW Industrials, Inc. $CSW

Key Points

• Great Lakes Advisors LLC reduced its stake in CSW Industrials by 39.3%, selling 9,678 shares and ending the first quarter with ownership of approximately 14,974 shares worth $4.36 million.
• CSW Industrials reported an EPS of $2.85 for the last quarter, exceeding analyst expectations by $0.23, despite revenues falling short against estimates.
• Insider trading included CEO Joseph B. Armes selling 1,000 shares at $259.36 each, reducing his ownership stake by 1.57% to 62,522 shares valued at around $16.2 million.

Great Lakes Advisors LLC cut its stake in CSW Industrials, Inc. (NYSE:CSW - Free Report) by 39.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,974 shares of the basic materials company's stock after selling 9,678 shares during the quarter. Great Lakes Advisors LLC owned about 0.09% of CSW Industrials worth $4,365,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of CSW. Champlain Investment Partners LLC bought a new position in shares of CSW Industrials in the 1st quarter worth about $81,194,000. GAMMA Investing LLC increased its stake in shares of CSW Industrials by 63,348.5% in the 1st quarter. GAMMA Investing LLC now owns 86,290 shares of the basic materials company's stock worth $25,155,000 after acquiring an additional 86,154 shares in the last quarter. Nuveen LLC bought a new position in shares of CSW Industrials in the 1st quarter worth about $24,711,000. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of CSW Industrials by 34.5% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 316,464 shares of the basic materials company's stock worth $92,256,000 after acquiring an additional 81,139 shares in the last quarter. Finally, Federated Hermes Inc. increased its stake in shares of CSW Industrials by 1,539.2% in the 1st quarter. Federated Hermes Inc. now owns 68,766 shares of the basic materials company's stock worth $20,047,000 after acquiring an additional 64,571 shares in the last quarter. 82.79% of the stock is currently owned by institutional investors.

Insider Activity

In other CSW Industrials news, EVP Don Sullivan sold 1,067 shares of the company's stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $283.14, for a total value of $302,110.38. Following the completion of the transaction, the executive vice president directly owned 22,641 shares in the company, valued at $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 SEC, which is available through this hyperlink. Also, Director Robert M. Swartz sold 200 shares of the company'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 completion of the transaction, the director owned 12,319 shares of the company's stock, valued at approximately $3,084,308.03. The trade was a 1.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,412 shares of company stock valued at $1,247,397. Company insiders own 1.30% of the company's stock.

CSW Industrials Price Performance

Shares of CSW traded down $3.51 during mid-day trading on Monday, reaching $246.53. The stock had a trading volume of 19,492 shares, compared to its average volume of 129,945. The firm has a market cap of $4.14 billion, a price-to-earnings ratio of 29.45 and a beta of 0.91. CSW Industrials, Inc. has a 12 month low of $241.99 and a 12 month high of $436.50. The business has a fifty day moving average of $273.29 and a 200 day moving average of $292.18. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.48 and a current ratio of 2.86.

CSW Industrials (NYSE:CSW - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The basic materials company reported $2.85 earnings per share for the quarter, topping analysts' consensus estimates of $2.62 by $0.23. The business had revenue of $263.65 million during the quarter, compared to analyst estimates of $278.27 million. CSW Industrials had a net margin of 15.18% and a return on equity of 13.78%. Equities analysts predict that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 8th. Shareholders 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 payout ratio is currently 12.90%.

Analyst Ratings Changes

CSW has been the subject of several research reports. Wells Fargo & Company decreased 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 research note on Friday, August 1st. Citigroup increased their price target on shares of CSW Industrials from $313.00 to $321.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Truist Financial set a $273.00 price objective on shares of CSW Industrials and gave the company a "hold" rating in a research note on Tuesday, August 5th. Finally, Zacks Research raised shares of CSW Industrials from a "hold" rating to a "strong-buy" rating in a report on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, CSW Industrials currently has an average rating of "Hold" and a consensus price target of $319.75.

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.