CSW Industrials, Inc. $CSW Stock Acquired by Van Berkom & Associates Inc.

Key Points

• Van Berkom & Associates increased its CSW Industrials stake by 863.6% in the third quarter, to 82,767 shares valued at about $23.8 million. Institutional investors collectively own 82.79% of the company.
• CSW Industrials’ quarterly revenue rose 30.5% year over year to $361.44 million, while EPS of $3.66 narrowly missed the $3.69 consensus. Analysts’ average rating was “Moderate Buy,” with a consensus price target of $340.71.
• The company declared a quarterly dividend of $0.30 per share, equivalent to $1.20 annually and a 0.4% yield.

Van Berkom & Associates Inc. increased its holdings in shares of CSW Industrials, Inc. (NYSE:CSW - Free Report) by 863.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,767 shares of the basic materials company's stock after buying an additional 74,178 shares during the quarter. Van Berkom & Associates Inc. owned 0.51% of CSW Industrials worth $23,844,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of CSW. BlackRock Inc. purchased a new stake in CSW Industrials in the 2nd quarter worth about $686,462,000. First Trust Advisors LP grew its stake in CSW Industrials by 14.5% during the 1st quarter. First Trust Advisors LP now owns 437,462 shares of the basic materials company's stock valued at $113,994,000 after acquiring an additional 55,288 shares in the last quarter. Congress Asset Management Co. grew its stake in CSW Industrials by 0.4% during the 3rd quarter. Congress Asset Management Co. now owns 301,580 shares of the basic materials company's stock valued at $86,879,000 after acquiring an additional 1,074 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in CSW Industrials by 0.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 306,350 shares of the basic materials company's stock valued at $79,830,000 after acquiring an additional 2,459 shares in the last quarter. Finally, Jupiter Topco LLC acquired a new position in shares of CSW Industrials in the 2nd quarter valued at about $36,656,000. Hedge funds and other institutional investors own 82.79% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CSW. Weiss Ratings reissued a "hold (c+)" rating on shares of CSW Industrials in a research report on Friday, October 30th. Wall Street Zen cut shares of CSW Industrials from a "buy" rating to a "hold" rating in a report on Sunday, October 18th. Wells Fargo & Company lowered their price objective on shares of CSW Industrials from $320.00 to $290.00 and set an "equal weight" rating on the stock in a research report on Friday, October 30th. Truist Financial dropped their price objective on shares of CSW Industrials from $332.00 to $328.00 and set a "hold" rating on the stock in a research note on Monday, November 2nd. Finally, Zacks Research lowered shares of CSW Industrials from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 27th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, CSW Industrials has an average rating of "Moderate Buy" and a consensus price target of $340.71.

CSW Industrials Price Performance

CSW opened at $287.82 on Tuesday. The stock has a market cap of $4.69 billion, a price-to-earnings ratio of 24.49, a PEG ratio of 1.89 and a beta of 0.80. CSW Industrials, Inc. has a 1 year low of $239.57 and a 1 year high of $355.48. The company has a current ratio of 2.35, a quick ratio of 1.15 and a debt-to-equity ratio of 0.66. The stock has a fifty day moving average price of $293.24 and a 200 day moving average price of $289.65.

CSW Industrials (NYSE:CSW - Get Free Report) last issued its earnings results on Thursday, October 29th. The basic materials company reported $3.66 EPS for the quarter, missing analysts' consensus estimates of $3.69 by ($0.03). CSW Industrials had a net margin of 10.17% and a return on equity of 18.38%. The firm had revenue of $361.44 million during the quarter. During the same quarter in the prior year, the business earned $2.96 EPS. CSW Industrials's quarterly revenue was up 30.5% on a year-over-year basis. Analysts forecast that CSW Industrials, Inc. will post 12.50 EPS for the current fiscal year.

CSW Industrials Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Friday, October 30th. CSW Industrials's payout ratio is currently 15.42%.

Insider Activity

In related news, CEO Joseph B. Armes sold 1,500 shares of the business's stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $287.04, for a total value of $430,560.00. Following the completion of the sale, the chief executive officer owned 64,083 shares of the company's stock, valued at approximately $18,394,384.32. The trade was a 2.29% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is currently owned by corporate insiders.

CSW Industrials Profile

CSW Industrials, Inc is a diversified industrial products company that develops, manufactures and sells products for contractors, building owners and industrial customers. Its offerings serve markets including heating, ventilation and air conditioning, refrigeration, plumbing, electrical work and construction.

The company operates through three segments: Contractor Solutions, Engineered Building Solutions and Specialized Reliability Solutions. Its products include installation and maintenance supplies, fire- and smoke-protection systems, building-envelope products, and specialty lubricants, coatings and sealants used to help protect and maintain equipment and infrastructure.

CSW Industrials serves customers primarily in North America, as well as in international markets.

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