CSW Industrials, Inc. $CSW Stock Position Decreased by Great Lakes Advisors LLC

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

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of CSW Industrials by 517.6% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 105 shares of the basic materials company's stock valued at $31,000 after buying an additional 88 shares during the period. Versant Capital Management Inc raised its position in shares of CSW Industrials by 526.3% during the 1st quarter. Versant Capital Management Inc now owns 119 shares of the basic materials company's stock worth $35,000 after acquiring an additional 100 shares in the last quarter. Whittier Trust Co. acquired a new position in CSW Industrials during the first quarter worth approximately $59,000. GAMMA Investing LLC increased its position in CSW Industrials by 117.6% during the first quarter. GAMMA Investing LLC now owns 296 shares of the basic materials company's stock worth $86,000 after buying an additional 160 shares during the period. Finally, Archer Investment Corp acquired a new position in CSW Industrials during the first quarter worth approximately $87,000. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other CSW Industrials news, EVP Don Sullivan sold 1,067 shares of the stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $283.14, for a total transaction of $302,110.38. Following the transaction, 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP James E. Perry sold 145 shares of the 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 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. Over the last three months, insiders sold 4,412 shares of company stock worth $1,247,397. Company insiders own 1.30% of the company's stock.

CSW Industrials Trading Down 1.6%

CSW Industrials stock traded down $4.10 during trading on Friday, hitting $250.74. The company's stock had a trading volume of 101,531 shares, compared to its average volume of 148,319. The stock has a market capitalization of $4.21 billion, a price-to-earnings ratio of 29.96 and a beta of 0.91. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.48 and a current ratio of 2.86. The stock's fifty day moving average is $273.29 and its 200 day moving average is $292.31. CSW Industrials, Inc. has a 1-year low of $241.99 and a 1-year high of $436.50.

CSW Industrials (NYSE:CSW - Get Free Report) last announced its quarterly earnings results 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. The company had revenue of $263.65 million during the quarter, compared to analyst estimates of $278.27 million. CSW Industrials had a return on equity of 13.78% and a net margin of 15.18%. As a group, equities research analysts predict that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Announces Dividend

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

Analysts Set New Price Targets

Several research firms have commented on CSW. Citigroup lifted their price target on CSW Industrials from $313.00 to $321.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Wells Fargo & Company decreased their price target on CSW Industrials from $305.00 to $285.00 and set an "equal weight" rating on the stock in a research note on Friday, August 1st. Truist Financial set a $273.00 price target on CSW Industrials and gave the stock a "hold" rating in a report on Tuesday, August 5th. Finally, Zacks Research raised CSW Industrials from a "hold" rating to a "strong-buy" rating in a report on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price 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.