Natixis Advisors LLC Boosts Stake in 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 lifted its holdings in CSW Industrials, Inc. (NYSE:CSW - Free Report) by 27.0% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 58,955 shares of the basic materials company's stock after purchasing an additional 12,518 shares during the period. Natixis Advisors LLC owned approximately 0.35% of CSW Industrials worth $17,187,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CSW. Federated Hermes Inc. grew its stake in CSW Industrials by 1,539.2% during the first quarter. Federated Hermes Inc. now owns 68,766 shares of the basic materials company's stock worth $20,047,000 after buying an additional 64,571 shares during the period. TCTC Holdings LLC raised its holdings in CSW Industrials by 2.2% during the first quarter. TCTC Holdings LLC now owns 1,882 shares of the basic materials company's stock valued at $549,000 after buying an additional 41 shares in the last quarter. Fiera Capital Corp acquired a new stake in CSW Industrials during the first quarter worth about $13,756,000. LPL Financial LLC boosted its holdings in shares of CSW Industrials by 9.6% in the 1st quarter. LPL Financial LLC now owns 14,299 shares of the basic materials company's stock worth $4,168,000 after acquiring an additional 1,254 shares in the last quarter. Finally, TD Asset Management Inc lifted its stake in shares of CSW Industrials by 7.0% during the first quarter. TD Asset Management Inc now owns 3,988 shares of the basic materials company's stock valued at $1,163,000 after acquiring an additional 262 shares during the period. Institutional investors and hedge funds own 82.79% of the company's stock.

Insiders Place Their Bets

In other CSW Industrials news, EVP Don Sullivan sold 1,500 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $332.16, for a total transaction of $498,240.00. Following the sale, the executive vice president owned 25,989 shares in the company, valued at approximately $8,632,506.24. This trade represents a 5.46% 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, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $294.92, for a total transaction of $294,920.00. Following the transaction, the chief executive officer directly owned 63,522 shares of the company's stock, valued at $18,733,908.24. The trade was a 1.55% 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 over the last quarter. Insiders own 1.30% of the company's stock.

CSW Industrials Price Performance

Shares of CSW Industrials stock traded up $8.03 during mid-day trading on Thursday, reaching $259.53. 214,385 shares of the stock were exchanged, compared to its average volume of 123,373. CSW Industrials, Inc. has a fifty-two week low of $241.99 and a fifty-two week high of $436.50. The firm has a 50-day simple moving average of $294.87 and a 200 day simple moving average of $305.18. The company has a current ratio of 2.86, a quick ratio of 1.48 and a debt-to-equity ratio of 0.09. The company has a market cap of $4.36 billion, a price-to-earnings ratio of 31.01 and a beta of 0.91.

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, topping analysts' consensus estimates of $2.62 by $0.23. CSW Industrials had a net margin of 15.18% and a return on equity of 13.78%. The business had revenue of $263.65 million for the quarter, compared to analyst estimates of $278.27 million. On average, sell-side analysts predict that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Friday, July 25th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.4%. CSW Industrials's dividend payout ratio is presently 12.90%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CSW. Wells Fargo & Company lowered their target price 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. Truist Financial set a $273.00 target price on CSW Industrials and gave the company a "hold" rating in a research report on Tuesday. Finally, Citigroup increased their target price on shares of CSW Industrials from $313.00 to $321.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $319.75.

CSW Industrials Profile

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.