Public Sector Pension Investment Board Purchases 11,392 Shares of CSW Industrials, Inc. (NYSE:CSW)

Key Points

• The Public Sector Pension Investment Board increased its holdings in CSW Industrials, Inc. by 27.2%, owning 53,241 shares valued at approximately $15.52 million.
• Several institutional investors, including Conestoga Capital Advisors and Northern Trust Corp, have also raised their stakes in CSW Industrials, which is primarily owned by 82.79% institutional and hedge fund investors.
• CSW Industrials announced a quarterly dividend of $0.27 per share, resulting in an annualized dividend of $1.08 and a yield of 0.4%.

Public Sector Pension Investment Board boosted its stake in CSW Industrials, Inc. (NYSE:CSW - Free Report) by 27.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,241 shares of the basic materials company's stock after purchasing an additional 11,392 shares during the period. Public Sector Pension Investment Board owned approximately 0.32% of CSW Industrials worth $15,521,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of CSW Industrials by 517.6% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 105 shares of the basic materials company's stock valued at $31,000 after acquiring an additional 88 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of CSW Industrials by 526.3% during the first quarter. Versant Capital Management Inc now owns 119 shares of the basic materials company's stock valued at $35,000 after acquiring an additional 100 shares in the last quarter. Whittier Trust Co. acquired a new stake in shares of CSW Industrials during the first quarter valued at about $59,000. GAMMA Investing LLC grew its stake in shares of CSW Industrials by 117.6% during the first quarter. GAMMA Investing LLC now owns 296 shares of the basic materials company's stock valued at $86,000 after acquiring an additional 160 shares in the last quarter. Finally, Archer Investment Corp acquired a new stake in shares of CSW Industrials during the first quarter valued at about $87,000. 82.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at CSW Industrials

In related news, SVP Luke Alverson sold 919 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $305.49, for a total value of $280,745.31. Following the sale, the senior vice president owned 13,434 shares of the company's stock, valued at $4,103,952.66. The trade was a 6.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert M. Swartz sold 200 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $301.38, for a total transaction of $60,276.00. Following the completion of the sale, the director directly owned 12,719 shares in the company, valued at approximately $3,833,252.22. The trade was a 1.55% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,609 shares of company stock worth $1,381,198. Insiders own 1.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Truist Financial set a $273.00 price target on CSW Industrials and gave the stock a "hold" rating in a research note on Tuesday, August 5th. Wells Fargo & Company cut their target price on shares of CSW Industrials from $305.00 to $285.00 and set an "equal weight" rating on the stock in a report on Friday, August 1st. Finally, Citigroup raised their target price on shares of CSW Industrials from $313.00 to $321.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $319.75.

CSW Industrials Stock Down 2.4%

Shares of NYSE:CSW traded down $6.46 during trading on Friday, reaching $259.45. 152,903 shares of the company traded hands, compared to its average volume of 186,073. The firm has a fifty day simple moving average of $289.69 and a 200 day simple moving average of $299.64. The firm has a market cap of $4.36 billion, a P/E ratio of 31.00 and a beta of 0.91. CSW Industrials, Inc. has a 1-year low of $241.99 and a 1-year 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.

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

CSW Industrials Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Friday, July 25th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.4%. CSW Industrials's payout ratio is 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.