Deutsche Bank AG Buys Shares of 17,789 CSW Industrials, Inc. $CSW

Key Points

• Deutsche Bank initiated a CSW Industrials position by buying 17,789 shares valued at approximately $4.95 million, while institutional investors collectively own 82.79% of the company.
• CSW Industrials exceeded quarterly earnings expectations, reporting EPS of $3.84 versus the $3.66 consensus, while revenue rose 33% year over year to $350.65 million.
• Analyst sentiment remains positive overall, with a consensus rating of “Moderate Buy” and an average price target of $347.57; the company also pays a $0.30 quarterly dividend, yielding about 0.4%.

Deutsche Bank AG bought a new position in shares of CSW Industrials, Inc. (NYSE:CSW - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 17,789 shares of the basic materials company's stock, valued at approximately $4,951,000. Deutsche Bank AG owned approximately 0.11% of CSW Industrials at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Arax Advisory Partners purchased a new stake in CSW Industrials during the 4th quarter worth about $28,000. Danske Bank A S bought a new position in CSW Industrials in the 4th quarter worth about $29,000. Valley Wealth Managers Inc. purchased a new position in CSW Industrials during the 1st quarter valued at about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in CSW Industrials during the 4th quarter valued at about $31,000. Finally, Global Retirement Partners LLC bought a new stake in shares of CSW Industrials during the fourth quarter valued at about $31,000. 82.79% of the stock is owned by institutional investors.

Insider Activity

In other CSW Industrials news, CEO Joseph B. Armes sold 1,500 shares of CSW Industrials stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $279.52, for a total transaction 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 $19,314,832. The trade was a 2.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jeff Underwood sold 720 shares of the company's stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $346.96, for a total value of $249,811.20. Following the completion of the transaction, the executive vice president owned 6,409 shares of the company's stock, valued at $2,223,666.64. The trade was a 10.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.20% of the company's stock.

CSW Industrials Price Performance

Shares of NYSE:CSW opened at $323.49 on Wednesday. The company's fifty day moving average price is $302.40 and its 200-day moving average price is $287.25. The firm has a market capitalization of $5.27 billion, a price-to-earnings ratio of 44.37 and a beta of 0.83. CSW Industrials, Inc. has a one year low of $230.45 and a one year high of $355.48. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.70 and a quick ratio of 1.36.

CSW Industrials (NYSE:CSW - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.66 by $0.18. CSW Industrials had a net margin of 10.34% and a return on equity of 17.41%. The company had revenue of $350.65 million during the quarter. The firm's quarterly revenue was up 33.0% on a year-over-year basis. On average, equities research analysts anticipate that CSW Industrials, Inc. will post 12.77 earnings per share for the current fiscal year.

CSW Industrials Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were given a dividend of $0.30 per share. The ex-dividend date was Friday, July 31st. This represents a $1.20 dividend on an annualized basis and a yield of 0.4%. CSW Industrials's dividend payout ratio (DPR) is presently 16.46%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CSW. Wells Fargo & Company increased their price target on shares of CSW Industrials from $285.00 to $320.00 and gave the stock an "equal weight" rating in a report on Friday, July 31st. Weiss Ratings raised shares of CSW Industrials from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, August 3rd. JPMorgan Chase & Co. upped their target price on shares of CSW Industrials from $350.00 to $380.00 and gave the stock an "overweight" rating in a report on Friday, July 31st. Truist Financial increased their target price on shares of CSW Industrials from $313.00 to $332.00 and gave the stock a "hold" rating in a research note on Monday, August 3rd. Finally, Zacks Research downgraded shares of CSW Industrials from a "strong-buy" rating to a "hold" rating in a report on Monday, July 27th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $347.57.

About CSW Industrials

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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