CSW Industrials, Inc. $CSW Shares Sold by Royal Bank of Canada

Key Points

• Royal Bank of Canada reduced its CSW Industrials stake by 8.4% in the first quarter, while institutional investors collectively owned 82.79% of the company. The CEO also sold 1,500 shares under a pre-arranged Rule 10b5-1 plan.
• CSW Industrials reported quarterly EPS of $3.84, exceeding estimates of $3.66, while revenue rose 33% year over year to $350.65 million.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $347.57. Shares opened at $349.77, near their 12-month high, and the company declared a quarterly dividend of $0.30 per share.

Royal Bank of Canada lowered its position in CSW Industrials, Inc. (NYSE:CSW - Free Report) by 8.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,191 shares of the basic materials company's stock after selling 3,032 shares during the period. Royal Bank of Canada owned approximately 0.20% of CSW Industrials worth $8,648,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Nicholas Company Inc. purchased a new stake in shares of CSW Industrials in the 4th quarter valued at $3,290,000. Mawer Investment Management Ltd. purchased a new position in shares of CSW Industrials during the fourth quarter worth $4,454,000. B. Metzler seel. Sohn & Co. AG purchased a new position in shares of CSW Industrials during the fourth quarter worth $3,635,000. Moody Aldrich Partners LLC acquired a new position in CSW Industrials during the fourth quarter valued at $5,149,000. Finally, LRT Capital Management LLC acquired a new position in CSW Industrials during the fourth quarter valued at $1,550,000. Hedge funds and other institutional investors own 82.79% of the company's stock.

Insider Transactions at CSW Industrials

In related news, CEO Joseph B. Armes sold 1,500 shares of the business's stock in a transaction on Monday, June 15th. The shares were sold at an average price of $279.52, for a total value of $419,280.00. Following the completion of the sale, the chief executive officer owned 69,100 shares of the company's stock, valued at approximately $19,314,832. The trade was a 2.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.20% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on CSW shares. Weiss Ratings raised CSW Industrials from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday, August 3rd. Citigroup boosted their price objective on CSW Industrials from $304.00 to $340.00 and gave the company a "neutral" rating in a report on Monday, August 3rd. Zacks Research downgraded CSW Industrials from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 27th. Wells Fargo & Company raised their target price on CSW Industrials from $285.00 to $320.00 and gave the stock an "equal weight" rating in a report on Friday, July 31st. Finally, JPMorgan Chase & Co. lifted their price target on CSW Industrials from $350.00 to $380.00 and gave the company an "overweight" rating in a research report on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $347.57.

CSW Industrials Stock Performance

Shares of CSW stock opened at $349.77 on Monday. The company has a market capitalization of $5.70 billion, a P/E ratio of 47.98 and a beta of 0.83. The business's 50 day moving average is $286.74 and its two-hundred day moving average is $283.96. The company has a current ratio of 2.70, a quick ratio of 1.36 and a debt-to-equity ratio of 0.77. CSW Industrials, Inc. has a 12-month low of $230.45 and a 12-month high of $354.71.

CSW Industrials (NYSE:CSW - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.84 EPS for the quarter, beating analysts' consensus estimates of $3.66 by $0.18. The business had revenue of $350.65 million during the quarter. CSW Industrials had a return on equity of 17.41% and a net margin of 10.34%.The business's revenue was up 33.0% compared to the same quarter last year. Analysts expect that CSW Industrials, Inc. will post 12.77 EPS for the current fiscal year.

CSW Industrials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a $1.20 dividend on an annualized basis and a yield of 0.3%. CSW Industrials's dividend payout ratio (DPR) is currently 16.46%.

CSW Industrials Company Profile

CSW Industrials, Inc is a diversified industrial manufacturer that develops and supplies specialty chemical products, performance materials and precision surface solutions. The company's offerings span a range of end markets including energy, industrial processing, converting and automotive, where its products serve critical functions in production efficiency, equipment maintenance and process enhancement.

In its chemical business, CSW Industrials produces solvent- and water-based formulations such as surfactants, corrosion inhibitors and custom blends used in oilfield exploration and production, metalworking, water treatment and other industrial applications.

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