Strs Ohio Buys Shares of 4,500 CSW Industrials, Inc. $CSW

Key Points

• Strs Ohio invested approximately $1.3 million in CSW Industrials, acquiring 4,500 shares in the first quarter of the year.
• Institutional investors dominate ownership, holding about 82.79% of CSW Industrials' stock, with significant increases in holdings from several firms during the same quarter.
• CSW Industrials reported $2.85 EPS for its last quarter, beating estimates, despite revenues falling short of expectations.

Strs Ohio acquired a new stake in shares of CSW Industrials, Inc. (NYSE:CSW - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,500 shares of the basic materials company's stock, valued at approximately $1,312,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised 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 purchasing an additional 88 shares in the last quarter. Versant Capital Management Inc raised 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 purchasing an additional 100 shares in the last quarter. Whittier Trust Co. bought a new stake in shares of CSW Industrials during the first quarter valued at about $59,000. GAMMA Investing LLC raised 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 purchasing an additional 160 shares in the last quarter. Finally, Archer Investment Corp bought 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.

CSW Industrials Trading Up 0.2%

CSW traded up $0.61 during trading on Friday, reaching $256.38. The company had a trading volume of 385,938 shares, compared to its average volume of 151,230. The firm's 50-day simple moving average is $267.84 and its 200 day simple moving average is $290.35. The company has a market cap of $4.31 billion, a price-to-earnings ratio of 30.63 and a beta of 0.91. CSW Industrials, Inc. has a 12-month low of $241.99 and a 12-month high of $436.50. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.48 and a current ratio of 2.86.

CSW Industrials (NYSE:CSW - Get Free Report) last issued its quarterly 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 for the quarter, compared to analysts' expectations 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 earnings per share for the current year.

CSW Industrials Announces Dividend

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

Insider Buying and Selling

In other CSW Industrials news, EVP James E. Perry sold 145 shares of CSW Industrials stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $275.05, for a total transaction of $39,882.25. Following the transaction, the executive vice president owned 25,178 shares of the company's stock, valued at $6,925,208.90. The trade was a 0.57% decrease in their position. 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 CSW Industrials stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $250.37, for a total value of $50,074.00. Following the transaction, the director directly owned 12,319 shares in the company, valued at approximately $3,084,308.03. This trade represents a 1.60% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,412 shares of company stock worth $1,497,397. Company insiders own 1.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CSW. Wells Fargo & Company dropped their price target on shares of 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. Truist Financial set a $273.00 price target on shares of CSW Industrials and gave the stock a "hold" rating in a research report on Tuesday, August 5th. Finally, Zacks Research upgraded shares of CSW Industrials from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $319.75.

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.