Charles Schwab Investment Management Inc. Sells 2,827 Shares of CSW Industrials, Inc. $CSW

Key Points

• Charles Schwab Investment Management Inc. reduced its holdings in CSW Industrials by 1.6% during Q1, now owning approximately 1.03% of the company, valued at $50.23 million.
• Analysts have mixed views on the stock, with Wells Fargo lowering its price target to $285, while Citigroup raised it to $321, resulting in an average target price of $319.75.
• CSW Industrials recently declared a quarterly dividend of $0.27, yielding 0.4%, with a payout ratio of 12.90%.

Charles Schwab Investment Management Inc. lowered its holdings in shares of CSW Industrials, Inc. (NYSE:CSW - Free Report) by 1.6% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 172,304 shares of the basic materials company's stock after selling 2,827 shares during the period. Charles Schwab Investment Management Inc. owned 1.03% of CSW Industrials worth $50,230,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of CSW. Bank of Montreal Can lifted its position in CSW Industrials by 33.8% during the fourth quarter. Bank of Montreal Can now owns 2,221 shares of the basic materials company's stock worth $784,000 after acquiring an additional 561 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in CSW Industrials during the fourth quarter worth approximately $18,197,000. Summit Investment Advisors Inc. lifted its position in CSW Industrials by 4.1% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,714 shares of the basic materials company's stock worth $605,000 after acquiring an additional 67 shares during the last quarter. Barclays PLC lifted its position in CSW Industrials by 18.2% during the fourth quarter. Barclays PLC now owns 34,595 shares of the basic materials company's stock worth $12,204,000 after acquiring an additional 5,323 shares during the last quarter. Finally, Mariner LLC lifted its position in CSW Industrials by 2.1% during the fourth quarter. Mariner LLC now owns 2,204 shares of the basic materials company's stock worth $778,000 after acquiring an additional 45 shares during the last quarter. 82.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CSW shares. Truist Financial set a $273.00 price target on shares of CSW Industrials and gave the company a "hold" rating in a research report on Tuesday, August 5th. Wells Fargo & Company dropped 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 report on Friday, August 1st. Finally, Citigroup lifted their price target on shares of CSW Industrials from $313.00 to $321.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, CSW Industrials presently has a consensus rating of "Hold" and a consensus price target of $319.75.

Insider Buying and Selling at CSW Industrials

In other CSW Industrials news, Director Robert M. Swartz sold 200 shares of the business's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $250.37, for a total transaction of $50,074.00. Following the sale, 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP James E. Perry sold 145 shares of the business's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $275.05, for a total transaction of $39,882.25. Following the sale, the executive vice president directly owned 25,178 shares in the company, valued at approximately $6,925,208.90. The trade was a 0.57% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,676 shares of company stock valued at $1,942,668. 1.30% of the stock is currently owned by insiders.

CSW Industrials Price Performance

CSW traded down $1.58 during trading on Thursday, hitting $260.67. 14,609 shares of the stock traded hands, compared to its average volume of 127,228. CSW Industrials, Inc. has a twelve month low of $241.99 and a twelve month high of $436.50. The company has a market cap of $4.38 billion, a price-to-earnings ratio of 31.14 and a beta of 0.91. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.86 and a quick ratio of 1.48. The business has a 50 day moving average price of $287.13 and a 200 day moving average price of $298.47.

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

CSW Industrials Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Friday, July 25th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.4%. CSW Industrials's dividend payout ratio is currently 12.90%.

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.