Invesco Ltd. Increases Stock Position in CSW Industrials, Inc. $CSW

Key Points

• Invesco Ltd. increased its holdings in CSW Industrials, Inc. by 14.2% during Q1, now owning approximately 134,726 shares valued at $39.3 million.
• CSW Industrials reported $2.85 earnings per share for the last quarter, surpassing estimates by $0.23, although revenue was below expectations at $263.65 million.
• The company declared a quarterly dividend of $0.27 per share, representing a 0.4% dividend yield and a payout ratio of 12.90%.

Invesco Ltd. raised its holdings in CSW Industrials, Inc. (NYSE:CSW - Free Report) by 14.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 134,726 shares of the basic materials company's stock after buying an additional 16,737 shares during the period. Invesco Ltd. owned about 0.80% of CSW Industrials worth $39,275,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Bailard Inc. raised its stake in CSW Industrials by 2.0% in the first quarter. Bailard Inc. now owns 1,705 shares of the basic materials company's stock valued at $497,000 after buying an additional 33 shares in the last quarter. Fifth Third Bancorp raised its stake in CSW Industrials by 9.3% in the first quarter. Fifth Third Bancorp now owns 401 shares of the basic materials company's stock valued at $117,000 after buying an additional 34 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in CSW Industrials by 1.1% in the first quarter. Sequoia Financial Advisors LLC now owns 3,122 shares of the basic materials company's stock valued at $910,000 after buying an additional 34 shares in the last quarter. TCTC Holdings LLC raised its stake in CSW Industrials by 2.2% in the first quarter. TCTC Holdings LLC now owns 1,882 shares of the basic materials company's stock valued at $549,000 after buying an additional 41 shares in the last quarter. Finally, Mariner LLC raised its stake in CSW Industrials by 2.1% in the fourth quarter. Mariner LLC now owns 2,204 shares of the basic materials company's stock valued at $778,000 after buying an additional 45 shares in the last quarter. 82.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $259.36, for a total value of $259,360.00. Following the sale, the chief executive officer owned 62,522 shares of the company's stock, valued at approximately $16,215,705.92. The trade was a 1.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP James E. Perry sold 145 shares of CSW Industrials stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $275.05, for a total value of $39,882.25. Following the completion of the sale, the executive vice president directly owned 25,178 shares in the company, valued at $6,925,208.90. This represents a 0.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,676 shares of company stock worth $1,942,668 in the last three months. Company insiders own 1.30% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on CSW. Citigroup raised their price target on CSW Industrials from $313.00 to $321.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. Truist Financial set a $273.00 target price on CSW Industrials and gave the stock a "hold" rating in a research report on Tuesday, August 5th. Finally, Wells Fargo & Company cut their target price 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. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $319.75.

CSW Industrials Stock Performance

Shares of NYSE CSW traded up $15.42 during midday trading on Friday, reaching $272.82. 164,698 shares of the company were exchanged, compared to its average volume of 193,276. The company has a current ratio of 2.86, a quick ratio of 1.48 and a debt-to-equity ratio of 0.09. CSW Industrials, Inc. has a 1 year low of $241.99 and a 1 year high of $436.50. The stock has a fifty day simple moving average of $285.54 and a 200 day simple moving average of $297.51. The stock has a market cap of $4.58 billion, a P/E ratio of 32.60 and a beta of 0.91.

CSW Industrials (NYSE:CSW - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The basic materials company reported $2.85 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $278.27 million. On average, research analysts forecast that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Friday, July 25th were issued 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 is presently 12.90%.

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.