CSW Industrials, Inc. (NYSE:CSW) Shares Bought by Federated Hermes Inc.

Key Points

• Federated Hermes Inc. increased its holdings in CSW Industrials by 1,539.2% during Q1, owning 68,766 shares worth approximately $20 million.
• CSW Industrials reported earnings per share of $2.85 for the last quarter, exceeding the consensus estimate of $2.62.
• The company recently announced a quarterly dividend of $0.27 per share, translating to an annual yield of 0.4%.

Federated Hermes Inc. boosted its position in CSW Industrials, Inc. (NYSE:CSW - Free Report) by 1,539.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 68,766 shares of the basic materials company's stock after acquiring an additional 64,571 shares during the period. Federated Hermes Inc. owned about 0.41% of CSW Industrials worth $20,047,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Conestoga Capital Advisors LLC boosted its position in CSW Industrials by 5.1% in the 1st quarter. Conestoga Capital Advisors LLC now owns 603,277 shares of the basic materials company's stock valued at $175,867,000 after buying an additional 29,285 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of CSW Industrials by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 393,853 shares of the basic materials company's stock valued at $138,983,000 after acquiring an additional 4,899 shares in the last quarter. Northern Trust Corp boosted its stake in CSW Industrials by 5.6% during the fourth quarter. Northern Trust Corp now owns 217,655 shares of the basic materials company's stock valued at $76,789,000 after buying an additional 11,465 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of CSW Industrials by 0.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 207,136 shares of the basic materials company's stock valued at $73,079,000 after purchasing an additional 661 shares during the last quarter. Finally, Norges Bank acquired a new stake in CSW Industrials during the 4th quarter worth about $59,250,000. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

CSW Industrials Trading Up 1.5%

CSW traded up $3.61 on Tuesday, hitting $251.71. 99,880 shares of the company were exchanged, compared to its average volume of 121,782. The stock has a market capitalization of $4.23 billion, a PE ratio of 30.07 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 firm has a fifty day simple moving average of $297.20 and a two-hundred day simple moving average of $305.92. CSW Industrials, Inc. has a 12 month low of $241.99 and a 12 month high of $436.50.

CSW Industrials (NYSE:CSW - Get Free Report) last announced its quarterly earnings data 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 company 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%. Sell-side analysts expect that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Truist Financial cut their target price on shares of CSW Industrials from $337.00 to $273.00 and set a "hold" rating for the company in a research report on Tuesday. Citigroup raised their price objective on shares of CSW Industrials from $313.00 to $321.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. Finally, Wells Fargo & Company dropped their price target on CSW Industrials from $305.00 to $285.00 and set an "equal weight" rating on the stock in a research report on Friday. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, CSW Industrials currently has an average rating of "Hold" and an average price target of $319.75.

Insider Buying and Selling at CSW Industrials

In other news, CEO Joseph B. Armes sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $294.92, for a total value of $294,920.00. Following the completion of the sale, the chief executive officer owned 63,522 shares of the company's stock, valued at approximately $18,733,908.24. This represents a 1.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Don Sullivan sold 1,500 shares of the business's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $332.16, for a total transaction of $498,240.00. Following the completion of the transaction, the executive vice president owned 25,989 shares of the company's stock, valued at $8,632,506.24. This represents a 5.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,964 shares of company stock valued at $1,839,555 over the last ninety days. Corporate insiders own 1.30% of the company's stock.

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.