LPL Financial LLC Has $4.17 Million Stake in CSW Industrials, Inc. $CSW

Key Points

• LPL Financial LLC increased its holdings in CSW Industrials, Inc. by 9.6% during the first quarter, owning 14,299 shares valued at approximately $4.17 million.
• The company recently declared a quarterly dividend of $0.27 per share, with a current dividend payout ratio of 12.90%.
• Shares of CSW Industrials have decreased by 6.7%, currently trading at around $267.47 with a 12-month high of $436.50.

LPL Financial LLC lifted its stake in CSW Industrials, Inc. (NYSE:CSW - Free Report) by 9.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,299 shares of the basic materials company's stock after acquiring an additional 1,254 shares during the quarter. LPL Financial LLC owned approximately 0.09% of CSW Industrials worth $4,168,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Versant Capital Management Inc increased its position in shares of CSW Industrials by 526.3% during the 1st quarter. Versant Capital Management Inc now owns 119 shares of the basic materials company's stock worth $35,000 after purchasing an additional 100 shares during the last quarter. Whittier Trust Co. bought a new position in shares of CSW Industrials in the first quarter valued at $59,000. GAMMA Investing LLC increased its holdings in CSW Industrials by 117.6% during the first 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 last quarter. Archer Investment Corp bought a new stake in CSW Industrials during the first quarter worth $87,000. Finally, Kapitalo Investimentos Ltda bought a new stake in CSW Industrials during the fourth quarter worth $89,000. Institutional investors own 82.79% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on CSW. Truist Financial set a $273.00 price objective on shares of CSW Industrials and gave the stock a "hold" rating in a research note on Tuesday, August 5th. Wells Fargo & Company reduced their price target on CSW Industrials from $305.00 to $285.00 and set an "equal weight" rating for the company in a report on Friday, August 1st. Finally, Citigroup boosted their price target on CSW Industrials from $313.00 to $321.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $319.75.

CSW Industrials Stock Performance

Shares of NYSE CSW traded up $5.51 during mid-day trading on Tuesday, reaching $266.21. 13,108 shares of the company were exchanged, compared to its average volume of 126,774. The stock has a market capitalization of $4.47 billion, a P/E ratio of 31.81 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. The company's 50-day simple moving average is $288.80 and its 200-day simple moving average is $298.96. CSW Industrials, Inc. has a twelve month low of $241.99 and a twelve month high of $436.50.

CSW Industrials (NYSE:CSW - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $263.65 million during the quarter, compared to analysts' expectations of $278.27 million. CSW Industrials had a return on equity of 13.78% and a net margin of 15.18%. As a group, research analysts predict that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Friday, July 25th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.4%. CSW Industrials's dividend payout ratio is currently 12.90%.

Insider Activity at CSW Industrials

In related news, SVP Luke Alverson sold 919 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $305.49, for a total value of $280,745.31. Following the transaction, the senior vice president directly owned 13,434 shares in the company, valued at approximately $4,103,952.66. This represents a 6.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Joseph B. Armes sold 1,000 shares of the firm's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $259.36, for a total transaction of $259,360.00. Following the transaction, the chief executive officer directly owned 62,522 shares in the company, valued at approximately $16,215,705.92. This represents a 1.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,676 shares of company stock valued at $1,942,668. 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.