Oppenheimer Asset Management Inc. Takes $4.08 Million Position in CSW Industrials, Inc. $CSW

Key Points

• Oppenheimer Asset Management opened a new stake in CSW Industrials of 13,884 shares worth about $4.08 million in Q4, with institutional investors now owning roughly 82.8% of the stock.
• CSW missed Q4 expectations, reporting EPS of $1.42 vs. a $1.93 consensus and revenue of ~$233.0M vs. $249.4M, while trading at a P/E of 38 and a market cap near $4.72 billion.
• The company raised its quarterly dividend to $0.30 (annualized $1.20), with an ex-dividend date of April 24 and a yield of about 0.4%.

Oppenheimer Asset Management Inc. acquired a new position in shares of CSW Industrials, Inc. (NYSE:CSW - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 13,884 shares of the basic materials company's stock, valued at approximately $4,075,000. Oppenheimer Asset Management Inc. owned 0.08% of CSW Industrials at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CSW. AQR Capital Management LLC grew its holdings in CSW Industrials by 12.4% during the first quarter. AQR Capital Management LLC now owns 5,675 shares of the basic materials company's stock worth $1,654,000 after acquiring an additional 624 shares during the period. Integrated Wealth Concepts LLC boosted its position in shares of CSW Industrials by 20.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 970 shares of the basic materials company's stock valued at $283,000 after purchasing an additional 162 shares in the last quarter. GAMMA Investing LLC acquired a new position in shares of CSW Industrials in the 4th quarter worth approximately $50,000. Anderson Hoagland & Co. bought a new stake in shares of CSW Industrials in the 4th quarter worth approximately $365,000. Finally, Park Avenue Securities LLC acquired a new stake in CSW Industrials during the fourth quarter valued at approximately $746,000. 82.79% of the stock is owned by institutional investors.

CSW Industrials Stock Performance

Shares of CSW opened at $286.54 on Monday. The company has a quick ratio of 0.97, a current ratio of 2.36 and a debt-to-equity ratio of 0.72. CSW Industrials, Inc. has a 12 month low of $230.45 and a 12 month high of $338.90. The company's fifty day moving average is $278.33 and its 200-day moving average is $282.71. The firm has a market cap of $4.72 billion, a price-to-earnings ratio of 38.00 and a beta of 0.88.

CSW Industrials (NYSE:CSW - Get Free Report) last posted its earnings results on Thursday, January 29th. The basic materials company reported $1.42 EPS for the quarter, missing the consensus estimate of $1.93 by ($0.51). CSW Industrials had a return on equity of 14.55% and a net margin of 12.64%.The business had revenue of $232.99 million for the quarter, compared to analyst estimates of $249.36 million. Equities analysts expect that CSW Industrials, Inc. will post 9.9 EPS for the current fiscal year.

CSW Industrials Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Friday, April 24th will be paid a $0.30 dividend. The ex-dividend date is Friday, April 24th. This is a positive change from CSW Industrials's previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.4%. CSW Industrials's dividend payout ratio is presently 15.92%.

Wall Street Analyst Weigh In

CSW has been the topic of several research analyst reports. Weiss Ratings reiterated a "hold (c)" rating on shares of CSW Industrials in a research report on Wednesday. The Goldman Sachs Group upped their price target on CSW Industrials from $302.00 to $333.00 and gave the company a "neutral" rating in a research report on Tuesday, January 13th. Citigroup reduced their price objective on CSW Industrials from $333.00 to $307.00 and set a "neutral" rating for the company in a research note on Friday, January 30th. Wells Fargo & Company dropped their target price on CSW Industrials from $300.00 to $280.00 and set an "equal weight" rating on the stock in a report on Monday, February 2nd. Finally, Truist Financial raised their price target on shares of CSW Industrials from $292.00 to $301.00 and gave the stock a "hold" rating in a report on Monday, April 20th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $328.43.

Insider Activity

In other news, Director Darron K. Ash bought 300 shares of the stock in a transaction that occurred on Friday, March 13th. The shares were acquired at an average cost of $256.62 per share, for a total transaction of $76,986.00. Following the purchase, the director owned 1,155 shares of the company's stock, valued at $296,396.10. This represents a 35.09% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Joseph B. Armes sold 1,500 shares of the company's stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $286.77, for a total transaction of $430,155.00. Following the sale, the chief executive officer owned 84,494 shares of the company's stock, valued at $24,230,344.38. This trade represents a 1.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 3,173 shares of company stock valued at $905,981 in the last quarter. 1.30% of the stock is currently owned by corporate insiders.

About CSW Industrials

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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