Nuveen LLC Purchases New Holdings in CSW Industrials, Inc. $CSW

Key Points

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Nuveen LLC bought a new position in CSW Industrials, Inc. (NYSE:CSW - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 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 reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CSW. GAMMA Investing LLC grew its position in CSW Industrials by 63,348.5% during the 1st quarter. GAMMA Investing LLC now owns 86,290 shares of the basic materials company's stock worth $25,155,000 after purchasing an additional 86,154 shares during the period. Federated Hermes Inc. grew its position in CSW Industrials by 1,539.2% during the 1st quarter. Federated Hermes Inc. now owns 68,766 shares of the basic materials company's stock worth $20,047,000 after purchasing an additional 64,571 shares during the period. Raymond James Financial Inc. acquired a new stake in CSW Industrials during the 4th quarter worth about $18,197,000. Fiera Capital Corp acquired a new stake in CSW Industrials during the 1st quarter worth about $13,756,000. Finally, Conestoga Capital Advisors LLC grew its position in CSW Industrials by 5.1% during the 1st quarter. Conestoga Capital Advisors LLC now owns 603,277 shares of the basic materials company's stock worth $175,867,000 after purchasing an additional 29,285 shares during the period. Hedge funds and other institutional investors own 82.79% of the company's stock.

Analyst Ratings Changes

CSW has been the topic of several analyst reports. Truist Financial set a $273.00 price target on CSW Industrials and gave the stock a "hold" rating in a research report on Tuesday, August 5th. Wells Fargo & Company cut their price target on 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. Finally, Citigroup increased their price target on CSW Industrials from $313.00 to $321.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, CSW Industrials currently has an average rating of "Hold" and an average price target of $319.75.

Insider Activity

In related news, CEO Joseph B. Armes sold 1,000 shares of the firm's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $259.36, for a total value of $259,360.00. Following the transaction, the chief executive officer directly owned 62,522 shares of the company's stock, valued at approximately $16,215,705.92. This trade represents a 1.57% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Don Sullivan sold 1,067 shares of the firm's stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $283.14, for a total transaction of $302,110.38. Following the completion of the transaction, the executive vice president directly owned 22,641 shares in the company, valued at $6,410,572.74. This represents a 4.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,676 shares of company stock worth $1,942,668. 1.30% of the stock is currently owned by corporate insiders.

CSW Industrials Price Performance

Shares of NYSE:CSW traded up $15.42 during trading on Friday, reaching $272.82. 164,698 shares of the company's stock traded hands, compared to its average volume of 193,276. 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. The firm has a market cap of $4.58 billion, a PE ratio of 32.60 and a beta of 0.91. The company has a 50-day simple moving average of $285.54 and a 200-day simple moving average of $297.51.

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

CSW Industrials Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Friday, July 25th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.4%. CSW Industrials's dividend payout ratio (DPR) is presently 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.