HighTower Advisors LLC Buys 19,411 Shares of CSW Industrials, Inc. $CSW

Key Points

• HighTower Advisors increased its CSW Industrials stake by 1,431.5% in the second quarter, purchasing 19,411 additional shares and bringing its holdings to 20,767 shares worth approximately $5.8 million. Institutional investors own 82.79% of the company.
• CSW Industrials reported quarterly EPS of $3.84, exceeding estimates of $3.66, while revenue rose 33% year over year to $350.65 million. Analysts maintain a “Moderate Buy” consensus with an average price target of $347.57.
• The stock opened at $291.24, down 1.7%, and has traded between $230.45 and $355.48 over the past year. The company also declared a quarterly dividend of $0.30, equivalent to a 0.4% annual yield.

HighTower Advisors LLC boosted its stake in CSW Industrials, Inc. (NYSE:CSW - Free Report) by 1,431.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,767 shares of the basic materials company's stock after buying an additional 19,411 shares during the quarter. HighTower Advisors LLC owned approximately 0.13% of CSW Industrials worth $5,779,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Arax Advisory Partners purchased a new position in CSW Industrials during the 4th quarter worth $28,000. Valley Wealth Managers Inc. purchased a new stake in shares of CSW Industrials in the first quarter valued at about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of CSW Industrials in the fourth quarter valued at about $31,000. Public Employees Retirement System of Ohio bought a new position in shares of CSW Industrials during the second quarter valued at about $29,000. Finally, Global Retirement Partners LLC bought a new position in shares of CSW Industrials during the fourth quarter valued at about $31,000. 82.79% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other CSW Industrials news, CEO Joseph B. Armes sold 1,500 shares of the business's stock in a transaction on Monday, June 15th. The stock was sold at an average price of $279.52, for a total value of $419,280.00. Following the sale, the chief executive officer directly owned 69,100 shares in the company, valued at $19,314,832. The trade was a 2.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 on Monday, August 10th. The shares were sold at an average price of $346.96, for a total value of $249,811.20. Following the transaction, the executive vice president directly owned 6,409 shares in the company, valued at $2,223,666.64. This represents a 10.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CSW shares. Truist Financial upped their price objective on shares of CSW Industrials from $313.00 to $332.00 and gave the stock a "hold" rating in a research report on Monday, August 3rd. Wells Fargo & Company increased their price objective on shares of CSW Industrials from $285.00 to $320.00 and gave the company an "equal weight" rating in a research note on Friday, July 31st. Zacks Research cut shares of CSW Industrials from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 27th. Citigroup boosted their target price on CSW Industrials from $304.00 to $340.00 and gave the stock a "neutral" rating in a research note on Monday, August 3rd. Finally, Weiss Ratings raised CSW Industrials from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $347.57.

CSW Industrials Stock Down 1.7%

CSW Industrials stock opened at $291.24 on Friday. The firm has a 50 day moving average price of $309.61 and a 200-day moving average price of $287.43. The company has a quick ratio of 1.36, a current ratio of 2.70 and a debt-to-equity ratio of 0.77. CSW Industrials, Inc. has a twelve month low of $230.45 and a twelve month high of $355.48. The company has a market capitalization of $4.74 billion, a P/E ratio of 39.95 and a beta of 0.81.

CSW Industrials (NYSE:CSW - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.84 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 for the quarter. The firm's revenue was up 33.0% on a year-over-year basis. As a group, equities analysts predict that CSW Industrials, Inc. will post 12.77 EPS for the current year.

CSW Industrials Dividend Announcement

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

CSW Industrials Company Profile

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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