Charles Schwab Investment Management Inc. Reduces Position in 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 stake in shares of CSW Industrials, Inc. (NYSE:CSW - Free Report) by 1.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 172,304 shares of the basic materials company's stock after selling 2,827 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.03% of CSW Industrials worth $50,230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Bank of Montreal Can grew its holdings in CSW Industrials by 33.8% in the fourth quarter. Bank of Montreal Can now owns 2,221 shares of the basic materials company's stock worth $784,000 after purchasing an additional 561 shares during the period. Raymond James Financial Inc. purchased a new stake in CSW Industrials in the fourth quarter worth about $18,197,000. Summit Investment Advisors Inc. grew its holdings in CSW Industrials by 4.1% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,714 shares of the basic materials company's stock worth $605,000 after purchasing an additional 67 shares during the period. Barclays PLC grew its holdings in CSW Industrials by 18.2% in the fourth quarter. Barclays PLC now owns 34,595 shares of the basic materials company's stock worth $12,204,000 after purchasing an additional 5,323 shares during the period. Finally, Mariner LLC grew its holdings in CSW Industrials by 2.1% in the fourth quarter. Mariner LLC now owns 2,204 shares of the basic materials company's stock worth $778,000 after purchasing an additional 45 shares during the period. Hedge funds and other institutional investors own 82.79% of the company's stock.

Insider Activity at CSW Industrials

In related news, EVP James E. Perry sold 145 shares of the firm's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $275.05, for a total transaction of $39,882.25. Following the completion of the transaction, the executive vice president directly owned 25,178 shares of the company's stock, valued at approximately $6,925,208.90. This trade represents a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Luke Alverson sold 919 shares of the firm's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $305.49, for a total transaction of $280,745.31. Following the transaction, the senior vice president directly owned 13,434 shares of the company's stock, valued at $4,103,952.66. The trade was a 6.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,676 shares of company stock valued at $1,942,668 in the last ninety days. Corporate insiders own 1.30% of the company's stock.

CSW Industrials Price Performance

Shares of CSW stock traded down $4.25 on Thursday, hitting $258.00. 216,305 shares of the stock traded hands, compared to its average volume of 188,253. The firm has a market cap of $4.33 billion, a price-to-earnings ratio of 30.82 and a beta of 0.91. CSW Industrials, Inc. has a 52 week low of $241.99 and a 52 week high of $436.50. The firm has a 50 day simple moving average of $286.19 and a two-hundred day simple moving average of $298.03. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.86 and a quick ratio of 1.48.

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

CSW Industrials Dividend Announcement

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

Analyst Upgrades and Downgrades

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

CSW Industrials 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.