Quantbot Technologies LP Invests $946,000 in CSW Industrials, Inc. $CSW

Key Points

• Quantbot Technologies LP invested approximately $946,000 in CSW Industrials by acquiring 3,246 shares, as detailed in their recent SEC filing.
• Insider sales of CSW Industrials stocks included CEO Joseph B. Armes and EVP Don Sullivan, reducing their holdings by 1.57% and 4.50%, respectively.
• The company's latest earnings report showed an EPS of $2.85, surpassing the consensus estimate, but revenue fell short of expectations at $263.65 million.

Quantbot Technologies LP purchased a new position in CSW Industrials, Inc. (NYSE:CSW - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 3,246 shares of the basic materials company's stock, valued at approximately $946,000.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC grew its position in CSW Industrials by 117.6% during the 1st quarter. GAMMA Investing LLC now owns 296 shares of the basic materials company's stock valued at $86,000 after purchasing an additional 160 shares during the last quarter. KBC Group NV lifted its stake in shares of CSW Industrials by 19.0% in the 1st quarter. KBC Group NV now owns 840 shares of the basic materials company's stock worth $245,000 after purchasing an additional 134 shares during the period. Fifth Third Bancorp lifted its stake in shares of CSW Industrials by 9.3% in the 1st quarter. Fifth Third Bancorp now owns 401 shares of the basic materials company's stock worth $117,000 after purchasing an additional 34 shares during the period. Envestnet Asset Management Inc. raised its stake in CSW Industrials by 13.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 60,449 shares of the basic materials company's stock worth $17,622,000 after acquiring an additional 7,348 shares during the period. Finally, HighTower Advisors LLC raised its stake in CSW Industrials by 12.6% during the 1st quarter. HighTower Advisors LLC now owns 4,276 shares of the basic materials company's stock worth $1,246,000 after acquiring an additional 480 shares during the period. 82.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CSW has been the subject of a number of recent research reports. Wells Fargo & Company cut their target price on shares of CSW Industrials from $305.00 to $285.00 and set an "equal weight" rating for the company in a report on Friday, August 1st. 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. Finally, Citigroup upped their price objective 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 analysts have rated the stock with a Hold rating, Based on data from MarketBeat, CSW Industrials presently has an average rating of "Hold" and a consensus price target of $319.75.

CSW Industrials Price Performance

CSW traded up $1.15 during trading on Friday, reaching $274.28. 158,318 shares of the stock were exchanged, compared to its average volume of 191,112. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.86 and a quick ratio of 1.48. CSW Industrials, Inc. has a 1 year low of $241.99 and a 1 year high of $436.50. The business's 50 day moving average price is $282.06 and its two-hundred day moving average price is $295.79. The company has a market capitalization of $4.61 billion, a price-to-earnings ratio of 32.77 and a beta of 0.91.

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, beating the consensus estimate of $2.62 by $0.23. The business had revenue of $263.65 million for 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%. As a group, equities research analysts anticipate that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Dividend Announcement

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 annualized dividend and a yield of 0.4%. CSW Industrials's dividend payout ratio is presently 12.90%.

Insider Transactions at CSW Industrials

In other CSW Industrials news, EVP Don Sullivan sold 1,067 shares of the company's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $283.14, for a total transaction of $302,110.38. Following the completion of the sale, 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP James E. Perry sold 145 shares of the company's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $275.05, for a total value of $39,882.25. Following the sale, the executive vice president owned 25,178 shares of the company's stock, valued at $6,925,208.90. This represents a 0.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,757 shares of company stock valued at $1,351,753. Insiders own 1.30% of the company's stock.

CSW Industrials Company 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.