King Luther Capital Management Corp Makes New $8.70 Million Investment in CSW Industrials, Inc. $CSW

Key Points

• King Luther Capital Management disclosed a new stake in CSW Industrials, buying 29,644 shares valued at about $8.7 million in the fourth quarter. The filing shows the fund owned 0.18% of the company.
• CSW Industrials posted a strong quarterly update, with EPS of $3.14 beating estimates by $0.80 and revenue rising 34% year over year to $308.96 million. Management’s results reinforced the company’s recent growth momentum.
• The company raised its quarterly dividend from $0.27 to $0.30 per share, lifting the annualized payout to $1.20. The dividend yield is still modest at about 0.4%.

King Luther Capital Management Corp bought a new position in shares of CSW Industrials, Inc. (NYSE:CSW - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 29,644 shares of the basic materials company's stock, valued at approximately $8,701,000. King Luther Capital Management Corp owned 0.18% of CSW Industrials as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Legal & General Group Plc purchased a new stake in CSW Industrials during the fourth quarter worth $12,471,000. Hantz Financial Services Inc. purchased a new stake in CSW Industrials during the fourth quarter worth $44,000. Orange Investment Advisors Inc. purchased a new stake in CSW Industrials during the fourth quarter worth $943,000. Mraz Amerine & Associates Inc. purchased a new stake in CSW Industrials during the fourth quarter valued at approximately $302,000. Finally, Van Hulzen Asset Management LLC acquired a new stake in CSW Industrials in the fourth quarter valued at approximately $1,582,000. Hedge funds and other institutional investors own 82.79% of the company's stock.

CSW Industrials Stock Performance

Shares of CSW opened at $289.27 on Thursday. CSW Industrials, Inc. has a 12 month low of $230.45 and a 12 month high of $337.02. The stock has a fifty day moving average price of $274.90 and a 200-day moving average price of $285.83. The company has a current ratio of 2.60, a quick ratio of 0.97 and a debt-to-equity ratio of 0.80. The firm has a market cap of $4.76 billion, a PE ratio of 43.30 and a beta of 0.88.

CSW Industrials (NYSE:CSW - Get Free Report) last issued its quarterly earnings data on Tuesday, May 26th. The basic materials company reported $3.14 EPS for the quarter, beating the consensus estimate of $2.34 by $0.80. CSW Industrials had a return on equity of 15.91% and a net margin of 10.35%.The firm had revenue of $308.96 million during the quarter. The company's revenue was up 34.0% on a year-over-year basis. Equities research analysts predict that CSW Industrials, Inc. will post 11.92 earnings per share for the current fiscal year.

CSW Industrials Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, April 24th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Friday, April 24th. This is a positive change from CSW Industrials's previous quarterly dividend of $0.27. CSW Industrials's payout ratio is currently 15.92%.

Trending Headlines about CSW Industrials

Here are the key news stories impacting CSW Industrials this week:

• Positive Sentiment: CSW beat earnings and revenue expectations, highlighting strong quarterly execution and a 34% increase in revenue year over year. Article Title
• Positive Sentiment: The company reported record quarterly and full-year results, with management pointing to improving growth in Contractor Solutions and synergy benefits from integration. Article Title
• Neutral Sentiment: Citigroup lowered its price target slightly to $304 from $307 but kept a neutral rating, suggesting limited near-term upside in the analyst’s view. Article Title
• Neutral Sentiment: CEO Joseph B. Armes sold 1,500 shares under a pre-arranged 10b5-1 plan, which is usually seen as routine insider activity rather than a major negative signal. Article Title
• Negative Sentiment: Some commentary suggests investors are weighing margin pressure and a less-bullish outlook despite the strong earnings beat. Article Title

Insider Transactions at CSW Industrials

In related news, SVP Luke Alverson sold 1,007 shares of the company's stock in a transaction on Friday, May 1st. The stock was sold at an average price of $289.57, for a total value of $291,596.99. Following the transaction, the senior vice president directly owned 12,450 shares of the company's stock, valued at $3,605,146.50. This represents a 7.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Don Sullivan sold 166 shares of the company's stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $300.26, for a total value of $49,843.16. Following the completion of the transaction, the executive vice president directly owned 21,567 shares in the company, valued at approximately $6,475,707.42. The trade was a 0.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 5,180 shares of company stock valued at $1,465,478 in the last quarter. Insiders own 1.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CSW shares. Truist Financial lowered their target price on shares of CSW Industrials from $301.00 to $300.00 and set a "hold" rating for the company in a research note on Wednesday. Citigroup decreased their price objective on CSW Industrials from $307.00 to $304.00 and set a "neutral" rating for the company in a report on Wednesday. Robert W. Baird began coverage on CSW Industrials in a report on Tuesday, February 17th. They set an "outperform" rating and a $378.00 price objective for the company. Wells Fargo & Company increased their price objective on CSW Industrials from $280.00 to $285.00 and gave the company an "equal weight" rating in a report on Wednesday. Finally, Zacks Research upgraded CSW Industrials from a "strong sell" rating to a "hold" rating in a report on Friday, May 8th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, CSW Industrials presently has an average rating of "Moderate Buy" and a consensus price target of $328.57.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.