CSW Industrials, Inc. $CSW Shares Purchased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in CSW Industrials, acquiring an additional 4,010 shares, resulting in ownership of 121,482 shares valued at approximately $35.4 million.
• CSW Industrials recently announced a quarterly dividend of $0.27 per share, contributing to an annualized dividend of $1.08 and a dividend yield of 0.4%.
• Analysts have varied price targets for CSW Industrials, with Citigroup raising its target from $313 to $321, indicating a consensus "Hold" rating among analysts.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in CSW Industrials, Inc. (NYSE:CSW - Free Report) by 3.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 121,482 shares of the basic materials company's stock after purchasing an additional 4,010 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.72% of CSW Industrials worth $35,414,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CSW. Ameriprise Financial Inc. raised its holdings in shares of CSW Industrials by 5.7% in the 4th quarter. Ameriprise Financial Inc. now owns 76,592 shares of the basic materials company's stock valued at $27,021,000 after purchasing an additional 4,157 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of CSW Industrials by 18.9% in the 4th quarter. BNP Paribas Financial Markets now owns 11,750 shares of the basic materials company's stock valued at $4,145,000 after purchasing an additional 1,869 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in shares of CSW Industrials in the 4th quarter valued at about $1,047,000. Captrust Financial Advisors raised its holdings in shares of CSW Industrials by 5.1% in the 4th quarter. Captrust Financial Advisors now owns 1,153 shares of the basic materials company's stock valued at $407,000 after purchasing an additional 56 shares in the last quarter. Finally, Centiva Capital LP purchased a new position in shares of CSW Industrials in the 4th quarter worth approximately $274,000. Institutional investors own 82.79% of the company's stock.

CSW Industrials Stock Performance

Shares of CSW stock traded down $4.24 during trading hours on Friday, hitting $250.60. The company's stock had a trading volume of 29,884 shares, compared to its average volume of 130,159. The company has a 50 day moving average of $274.38 and a 200 day moving average of $292.68. The stock has a market cap of $4.21 billion, a PE ratio of 29.94 and a beta of 0.91. 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 12-month low of $241.99 and a 12-month high of $436.50.

CSW Industrials (NYSE:CSW - Get Free Report) last released 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 business 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, sell-side analysts forecast that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Friday, July 25th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.4%. CSW Industrials's dividend payout ratio (DPR) is currently 12.90%.

Insider Buying and Selling at CSW Industrials

In other news, EVP James E. Perry sold 145 shares of the company's stock in a transaction 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 sale, the executive vice president directly owned 25,178 shares of the company's stock, valued at $6,925,208.90. This represents a 0.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert M. Swartz sold 200 shares of the business's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $250.37, for a total transaction of $50,074.00. Following the completion of the transaction, the director owned 12,319 shares of the company's stock, valued at approximately $3,084,308.03. This represents a 1.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,412 shares of company stock valued at $1,247,397 over the last quarter. Insiders own 1.30% of the company's stock.

Wall Street Analyst Weigh In

CSW has been the topic of a number of analyst reports. Wells Fargo & Company cut their price objective on shares of 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. Citigroup lifted their price objective on shares of CSW Industrials from $313.00 to $321.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Zacks Research raised shares of CSW Industrials from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, September 2nd. Finally, Truist Financial set a $273.00 price objective on shares of CSW Industrials and gave the stock a "hold" rating in a research report on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, CSW Industrials presently has an average rating of "Hold" and an average target price of $319.75.

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.