Northwestern Mutual Wealth Management Co. Acquires New Holdings in CSW Industrials, Inc. $CSW

Key Points

• Northwestern Mutual Wealth Management acquired 4,029 shares of CSW Industrials worth approximately $1.12 million. Institutional investors collectively own 82.79% of the company, with Norges Bank holding a newly acquired stake valued at roughly $86.4 million.
• CSW Industrials reported quarterly earnings of $3.84 per share, exceeding estimates of $3.66, while revenue rose 33% year over year to $350.65 million. Analysts project full-year earnings of $12.77 per share.
• Shares opened at $323.49, below the consensus analyst price target of $347.57. The company paid a quarterly dividend of $0.30 per share, equivalent to a 0.4% yield, while recent insider transactions involved stock sales by the CEO and an executive vice president.

Northwestern Mutual Wealth Management Co. acquired a new stake in shares of CSW Industrials, Inc. (NYSE:CSW - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,029 shares of the basic materials company's stock, valued at approximately $1,121,000.

Several other institutional investors have also bought and sold shares of the stock. Nicholas Company Inc. bought a new stake in CSW Industrials during the fourth quarter worth approximately $3,290,000. Mawer Investment Management Ltd. bought a new position in CSW Industrials during the 4th quarter valued at $4,454,000. LRT Capital Management LLC acquired a new position in shares of CSW Industrials during the 4th quarter valued at $1,550,000. Moody Aldrich Partners LLC acquired a new stake in shares of CSW Industrials in the fourth quarter valued at $5,149,000. Finally, Norges Bank acquired a new stake in shares of CSW Industrials in the fourth quarter valued at $86,425,000. Institutional investors and hedge funds own 82.79% of the company's stock.

Insider Transactions at CSW Industrials

In other CSW Industrials news, CEO Joseph B. Armes sold 1,500 shares of the firm's stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $279.52, for a total value of $419,280.00. Following the completion of the transaction, the chief executive officer directly owned 69,100 shares in the company, valued at $19,314,832. This trade represents a 2.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jeff Underwood sold 720 shares of the firm's stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $346.96, for a total transaction of $249,811.20. Following the completion of the transaction, the executive vice president owned 6,409 shares of the company's stock, valued at approximately $2,223,666.64. The trade was a 10.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.20% of the stock is currently owned by corporate insiders.

CSW Industrials Stock Down 1.2%

Shares of CSW Industrials stock opened at $323.49 on Wednesday. The stock's fifty day moving average is $302.40 and its 200-day moving average is $287.25. The firm has a market capitalization of $5.27 billion, a PE ratio of 44.37 and a beta of 0.83. The company has a quick ratio of 1.36, a current ratio of 2.70 and a debt-to-equity ratio of 0.77. CSW Industrials, Inc. has a 12-month low of $230.45 and a 12-month high of $355.48.

CSW Industrials (NYSE:CSW - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.84 earnings per share for the quarter, beating analysts' consensus estimates of $3.66 by $0.18. CSW Industrials had a return on equity of 17.41% and a net margin of 10.34%.The business had revenue of $350.65 million during the quarter. The company's revenue for the quarter was up 33.0% on a year-over-year basis. Equities analysts anticipate that CSW Industrials, Inc. will post 12.77 earnings per share for the current year.

CSW Industrials Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, July 31st. This represents a $1.20 dividend on an annualized basis and a yield of 0.4%. CSW Industrials's dividend payout ratio is currently 16.46%.

Wall Street Analyst Weigh In

CSW has been the topic of a number of research analyst reports. Citigroup lifted their target price on CSW Industrials from $304.00 to $340.00 and gave the stock a "neutral" rating in a report on Monday, August 3rd. Wells Fargo & Company upped their price target on shares of CSW Industrials from $285.00 to $320.00 and gave the company an "equal weight" rating in a report on Friday, July 31st. Zacks Research lowered shares of CSW Industrials from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 27th. Weiss Ratings raised shares of CSW Industrials from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, August 3rd. Finally, Truist Financial boosted their target price on shares of CSW Industrials from $313.00 to $332.00 and gave the stock a "hold" rating in a report on Monday, August 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, CSW Industrials has a consensus rating of "Moderate Buy" and a consensus price target of $347.57.

CSW Industrials Company Profile

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.

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