Nuveen LLC Purchases Shares of 84,767 CSW Industrials, Inc. $CSW

Key Points

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Nuveen LLC purchased a new position in CSW Industrials, Inc. (NYSE:CSW - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 84,767 shares of the basic materials company's stock, valued at approximately $24,711,000. Nuveen LLC owned about 0.51% of CSW Industrials at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in CSW. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in CSW Industrials by 517.6% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 105 shares of the basic materials company's stock worth $31,000 after buying an additional 88 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of CSW Industrials by 526.3% in 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 period. Whittier Trust Co. purchased a new position in shares of CSW Industrials in the 1st quarter worth about $59,000. GAMMA Investing LLC raised its holdings in shares of 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 period. Finally, Archer Investment Corp purchased a new position in shares of CSW Industrials in the 1st quarter worth about $87,000. 82.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Truist Financial set a $273.00 price objective on CSW Industrials and gave the stock a "hold" rating in a report on Tuesday, August 5th. Citigroup raised their target price on CSW Industrials from $313.00 to $321.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. Finally, Wells Fargo & Company reduced 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, August 1st. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, CSW Industrials presently has a consensus rating of "Hold" and an average target price of $319.75.

Insider Activity

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the 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 completion of the transaction, the chief executive officer directly owned 63,522 shares of the company's stock, valued at approximately $18,733,908.24. This trade represents a 1.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Luke Alverson sold 919 shares of the stock in a transaction on 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 of the company's stock, valued at approximately $4,103,952.66. The trade was a 6.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,676 shares of company stock worth $1,942,668 in the last quarter. 1.30% of the stock is currently owned by corporate insiders.

CSW Industrials Stock Performance

Shares of NYSE CSW traded down $4.25 during midday trading on Thursday, hitting $258.00. 216,305 shares of the company's stock were exchanged, compared to its average volume of 128,520. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.86 and a quick ratio of 1.48. The stock's 50 day moving average price is $287.13 and its 200-day moving average price is $298.47. The firm has a market cap of $4.33 billion, a P/E ratio of 30.82 and a beta of 0.91. 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 the consensus estimate of $2.62 by $0.23. The business had revenue of $263.65 million during the quarter, compared to the consensus estimate of $278.27 million. CSW Industrials had a return on equity of 13.78% and a net margin of 15.18%. Equities research analysts anticipate that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Announces Dividend

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

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.