Harbor Capital Advisors Inc. Makes New $2.36 Million Investment in CSW Industrials, Inc. $CSW

Key Points

• Harbor Capital Advisors acquired a new stake of 8,038 shares (~$2.36 million) in CSW Industrials during Q4, while other institutions including Allspring and Vaughan Nelson also opened large new positions, leaving institutional investors with about 82.79% ownership.
• Insider activity was mixed: Director Darron K. Ash bought 300 shares at $256.62 (a ~35% increase in his stake), while CEO Joseph B. Armes sold 1,000 shares at $328.64; insiders now own 1.30% of the company.
• CSW missed Q4 estimates with EPS of $1.42 versus $1.93 expected and revenue of $232.99M versus $249.36M; the company has a $4.33B market cap, pays a $0.27 quarterly dividend (annual $1.08, ~0.4% yield), and carries an average analyst rating of Hold with a $327.14 target.

Harbor Capital Advisors Inc. acquired a new stake in CSW Industrials, Inc. (NYSE:CSW - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,038 shares of the basic materials company's stock, valued at approximately $2,359,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. HMS Capital Management LLC acquired a new stake in shares of CSW Industrials during the fourth quarter worth about $662,000. Blue Trust Inc. acquired a new position in CSW Industrials in the 4th quarter valued at about $57,000. Nisa Investment Advisors LLC purchased a new stake in CSW Industrials during the 4th quarter valued at approximately $76,000. Allspring Global Investments Holdings LLC purchased a new stake in CSW Industrials during the 4th quarter valued at approximately $41,461,000. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in CSW Industrials during the 4th quarter worth approximately $53,434,000. 82.79% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Darron K. Ash bought 300 shares of the firm's stock in a transaction on Friday, March 13th. The shares were bought at an average cost of $256.62 per share, for a total transaction of $76,986.00. Following the transaction, the director owned 1,155 shares of the company's stock, valued at approximately $296,396.10. This trade represents a 35.09% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Joseph B. Armes sold 1,000 shares of the firm's stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $328.64, for a total transaction of $328,640.00. Following the completion of the sale, the chief executive officer owned 62,526 shares of the company's stock, valued at $20,548,544.64. This trade represents a 1.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.30% of the company's stock.

CSW Industrials Stock Performance

NYSE CSW opened at $262.80 on Friday. The stock has a market capitalization of $4.33 billion, a price-to-earnings ratio of 34.85 and a beta of 0.84. The business's 50 day moving average is $280.79 and its two-hundred day moving average is $276.79. CSW Industrials, Inc. has a 12-month low of $230.45 and a 12-month high of $338.90. The company has a current ratio of 2.36, a quick ratio of 0.97 and a debt-to-equity ratio of 0.72.

CSW Industrials (NYSE:CSW - Get Free Report) last posted its quarterly earnings results on Thursday, January 29th. The basic materials company reported $1.42 EPS for the quarter, missing the consensus estimate of $1.93 by ($0.51). CSW Industrials had a net margin of 12.64% and a return on equity of 14.55%. The business had revenue of $232.99 million during the quarter, compared to analyst estimates of $249.36 million. Research analysts expect that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, January 30th were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, January 30th. This represents a $1.08 dividend on an annualized basis and a yield of 0.4%. CSW Industrials's dividend payout ratio (DPR) is 14.32%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on CSW shares. Citigroup dropped their target price on CSW Industrials from $333.00 to $307.00 and set a "neutral" rating on the stock in a report on Friday, January 30th. The Goldman Sachs Group increased their price target on CSW Industrials from $302.00 to $333.00 and gave the stock a "neutral" rating in a report on Tuesday, January 13th. Robert W. Baird began coverage on shares of CSW Industrials in a research report on Tuesday, February 17th. They issued an "outperform" rating and a $378.00 price objective on the stock. Wells Fargo & Company dropped their price objective on shares of CSW Industrials from $300.00 to $280.00 and set an "equal weight" rating on the stock in a research note on Monday, February 2nd. Finally, Zacks Research downgraded shares of CSW Industrials from a "hold" rating to a "strong sell" rating in a research report on Friday, February 6th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, CSW Industrials currently has an average rating of "Hold" and an average target price of $327.14.

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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