Intech Investment Management LLC Has $2.78 Million Position in CSW Industrials, Inc. $CSW

Key Points

• Intech Investment Management LLC increased its holdings in CSW Industrials by 22.9%, owning 9,537 shares valued at approximately $2.78 million.
• Several hedge funds have also increased their positions in CSW Industrials, with over 82% of the stock now owned by institutional investors.
• CSW Industrials reported a quarterly earnings of $2.85 per share, exceeding estimates, and announced a quarterly dividend of $0.27 per share, reflecting a 0.4% dividend yield.

Intech Investment Management LLC increased its stake in CSW Industrials, Inc. (NYSE:CSW - Free Report) by 22.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 9,537 shares of the basic materials company's stock after purchasing an additional 1,774 shares during the quarter. Intech Investment Management LLC owned approximately 0.06% of CSW Industrials worth $2,780,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CSW. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in CSW Industrials by 517.6% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 105 shares of the basic materials company's stock worth $31,000 after purchasing an additional 88 shares during the last quarter. Versant Capital Management Inc increased its position in CSW Industrials by 526.3% in the 1st quarter. Versant Capital Management Inc now owns 119 shares of the basic materials company's stock worth $35,000 after buying an additional 100 shares during the period. Whittier Trust Co. bought a new position in CSW Industrials in the 1st quarter worth approximately $59,000. GAMMA Investing LLC increased its position in CSW Industrials by 117.6% in the 1st quarter. GAMMA Investing LLC now owns 296 shares of the basic materials company's stock worth $86,000 after buying an additional 160 shares during the period. Finally, Archer Investment Corp bought a new position in CSW Industrials in the 1st quarter worth approximately $87,000. 82.79% of the stock is currently owned by institutional investors and hedge funds.

CSW Industrials Price Performance

NYSE:CSW traded up $0.61 during trading hours on Friday, reaching $256.38. The company had a trading volume of 385,938 shares, compared to its average volume of 140,168. The stock has a 50-day moving average of $267.84 and a two-hundred day moving average of $290.51. CSW Industrials, Inc. has a one year low of $241.99 and a one year high of $436.50. The firm has a market capitalization of $4.31 billion, a PE ratio of 30.63 and a beta of 0.91. The company has a quick ratio of 1.48, a current ratio of 2.86 and a debt-to-equity ratio of 0.09.

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

CSW Industrials Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Friday, July 25th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.4%. CSW Industrials's dividend payout ratio (DPR) is 12.90%.

Wall Street Analyst Weigh In

Several research analysts have commented on CSW shares. Zacks Research raised CSW Industrials from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, September 2nd. Truist Financial set a $273.00 price objective on CSW Industrials and gave the company a "hold" rating in a research report on Tuesday, August 5th. Citigroup boosted their price objective on CSW Industrials from $313.00 to $321.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. Finally, Wells Fargo & Company lowered their price objective on CSW Industrials from $305.00 to $285.00 and set an "equal weight" rating on the stock in a research report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $319.75.

Insider Buying and Selling

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 stock was sold at an average price of $250.37, for a total value of $50,074.00. Following the transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 value of $39,882.25. Following the completion of the transaction, the executive vice president directly owned 25,178 shares in the company, valued at approximately $6,925,208.90. This represents a 0.57% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,412 shares of company stock valued at $1,497,397. 1.30% of the stock is currently owned by insiders.

About CSW Industrials

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.