Natixis Advisors LLC Purchases 12,518 Shares of CSW Industrials, Inc. (NYSE:CSW)

Key Points

• Natixis Advisors LLC increased its stake in CSW Industrials by 27.0%, owning 58,955 shares worth approximately $17.2 million after purchasing an additional 12,518 shares during the first quarter.
• CSW Industrials reported $2.85 earnings per share, surpassing analysts' expectations of $2.62, with revenue for the quarter at $263.65 million.
• The company announced a quarterly dividend of $0.27 per share, equating to an annualized payout of $1.08 and a dividend yield of 0.4%.

Natixis Advisors LLC raised its holdings in shares of CSW Industrials, Inc. (NYSE:CSW - Free Report) by 27.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 58,955 shares of the basic materials company's stock after buying an additional 12,518 shares during the period. Natixis Advisors LLC owned about 0.35% of CSW Industrials worth $17,187,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted its stake 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 valued at $35,000 after buying an additional 100 shares during the period. Whittier Trust Co. acquired a new stake in CSW Industrials during the first quarter valued at $59,000. CIBC Private Wealth Group LLC grew its stake in CSW Industrials by 49.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 231 shares of the basic materials company's stock valued at $83,000 after purchasing an additional 76 shares in the last quarter. GAMMA Investing LLC increased its position in CSW Industrials by 117.6% in the 1st quarter. GAMMA Investing LLC now owns 296 shares of the basic materials company's stock worth $86,000 after purchasing an additional 160 shares during the last quarter. Finally, Archer Investment Corp purchased a new stake in shares of CSW Industrials during the 1st quarter worth about $87,000. 82.79% of the stock is currently owned by institutional investors.

Insider Activity at CSW Industrials

In other news, Director Robert M. Swartz sold 200 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $250.37, for a total value of $50,074.00. Following the completion of the transaction, the director directly owned 12,319 shares in the company, valued at approximately $3,084,308.03. This trade represents a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Luke Alverson sold 919 shares of CSW Industrials stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $305.49, for a total transaction of $280,745.31. Following the transaction, the senior vice president directly owned 13,434 shares in the company, valued at $4,103,952.66. This trade represents a 6.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,964 shares of company stock valued at $1,839,555 in the last 90 days. 1.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CSW has been the topic of a number of recent analyst reports. Citigroup lifted their price target on shares of CSW Industrials from $313.00 to $321.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. Wells Fargo & Company decreased their target price on CSW Industrials from $305.00 to $285.00 and set an "equal weight" rating for the company in a research note on Friday. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, CSW Industrials has a consensus rating of "Hold" and a consensus target price of $342.00.

CSW Industrials Price Performance

Shares of NYSE:CSW traded up $3.25 during midday trading on Monday, hitting $248.36. The stock had a trading volume of 224,656 shares, compared to its average volume of 154,565. The company's 50-day moving average price is $297.20 and its 200-day moving average price is $305.92. The company has a market capitalization of $4.17 billion, a P/E ratio of 29.67 and a beta of 0.91. CSW Industrials, Inc. has a fifty-two week low of $241.99 and a fifty-two week high of $436.50. The company has a quick ratio of 1.48, a current ratio of 2.86 and a debt-to-equity ratio of 0.09.

CSW Industrials (NYSE:CSW - Get Free Report) last issued its earnings results on Thursday, July 31st. The basic materials company reported $2.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.62 by $0.23. The business had revenue of $263.65 million for the quarter, compared to analyst estimates of $278.27 million. CSW Industrials had a net margin of 15.18% and a return on equity of 13.78%. As a group, equities research analysts predict that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Friday, July 25th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.4%. CSW Industrials's payout ratio is currently 12.90%.

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.