Invesco Ltd. Boosts Stake 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. grew its holdings in shares of CSW Industrials, Inc. (NYSE:CSW - Free Report) by 14.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 134,726 shares of the basic materials company's stock after buying an additional 16,737 shares during the period. Invesco Ltd. owned 0.80% of CSW Industrials worth $39,275,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Conestoga Capital Advisors LLC boosted its holdings in CSW Industrials by 5.1% in the first quarter. Conestoga Capital Advisors LLC now owns 603,277 shares of the basic materials company's stock valued at $175,867,000 after acquiring an additional 29,285 shares in the last quarter. Northern Trust Corp lifted its position in shares of CSW Industrials by 5.6% in the 4th quarter. Northern Trust Corp now owns 217,655 shares of the basic materials company's stock worth $76,789,000 after purchasing an additional 11,465 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of CSW Industrials by 0.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 207,136 shares of the basic materials company's stock valued at $73,079,000 after purchasing an additional 661 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of CSW Industrials by 5.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 117,472 shares of the basic materials company's stock valued at $41,444,000 after buying an additional 6,213 shares during the period. Finally, Principal Financial Group Inc. increased its position in shares of CSW Industrials by 2.4% during the first quarter. Principal Financial Group Inc. now owns 91,204 shares of the basic materials company's stock valued at $26,588,000 after buying an additional 2,143 shares during the period. Institutional investors own 82.79% of the company's stock.

CSW Industrials Stock Down 1.6%

Shares of CSW traded down $4.25 during trading hours on Thursday, hitting $258.00. The company had a trading volume of 216,305 shares, compared to its average volume of 128,520. The stock has a market capitalization of $4.33 billion, a price-to-earnings ratio of 30.82 and a beta of 0.91. The firm has a fifty day moving average price of $287.13 and a 200-day moving average price of $298.47. CSW Industrials, Inc. has a 52-week low of $241.99 and a 52-week high of $436.50. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.48 and a current ratio of 2.86.

CSW Industrials (NYSE:CSW - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The basic materials company reported $2.85 EPS for the quarter, beating the consensus estimate of $2.62 by $0.23. The company had revenue of $263.65 million for the quarter, compared to the consensus estimate of $278.27 million. CSW Industrials had a net margin of 15.18% and a return on equity of 13.78%. On average, equities research analysts forecast that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Investors 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 payout ratio is currently 12.90%.

Wall Street Analyst Weigh In

Several analysts have weighed in on CSW shares. Citigroup lifted 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. Truist Financial set a $273.00 price target on CSW Industrials and gave the company a "hold" rating in a research report on Tuesday, August 5th. Finally, Wells Fargo & Company reduced their price target on CSW Industrials from $305.00 to $285.00 and set an "equal weight" rating on the stock in a research note on Friday, August 1st. Four analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $319.75.

Insider Buying and Selling

In other CSW Industrials news, EVP Don Sullivan sold 1,067 shares of the stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $283.14, for a total transaction of $302,110.38. Following the sale, the executive vice president directly owned 22,641 shares in the company, valued at approximately $6,410,572.74. This trade represents a 4.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP James E. Perry sold 145 shares of CSW Industrials stock in a transaction dated 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 sale, the executive vice president owned 25,178 shares of the company's stock, valued at $6,925,208.90. The trade was a 0.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,676 shares of company stock worth $1,942,668 over the last 90 days. 1.30% of the stock is currently owned by company 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.