CSW Industrials, Inc. $CSW Shares Sold by T. Rowe Price Investment Management Inc.

Key Points

• T. Rowe Price Investment Management Inc. has reduced its position in CSW Industrials by 19.3%, selling 35,860 shares to hold 149,501 shares valued at approximately $43.58 million.
• Several investors significantly increased their stakes in CSW Industrials, with Mitsubishi UFJ Asset Management boosting its position by 517.6% and Versant Capital Management by 526.3% during the same quarter.
• CSW Industrials reported earnings of $2.85 per share, exceeding analysts' expectations, and also recently declared a quarterly dividend of $0.27 per share, yielding 0.4% annually.

T. Rowe Price Investment Management Inc. cut its holdings in shares of CSW Industrials, Inc. (NYSE:CSW - Free Report) by 19.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 149,501 shares of the basic materials company's stock after selling 35,860 shares during the period. T. Rowe Price Investment Management Inc. owned 0.89% of CSW Industrials worth $43,583,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its position 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 worth $31,000 after acquiring an additional 88 shares during the last quarter. Versant Capital Management Inc grew its position 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 worth $35,000 after acquiring an additional 100 shares during the last quarter. Whittier Trust Co. purchased a new position in shares of CSW Industrials during the first quarter worth approximately $59,000. GAMMA Investing LLC grew its position 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 worth $86,000 after acquiring an additional 160 shares during the last quarter. Finally, Archer Investment Corp purchased a new position in shares of CSW Industrials during the first quarter worth approximately $87,000. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the firm's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $259.36, for a total value of $259,360.00. Following the completion of the sale, the chief executive officer 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Don Sullivan sold 1,067 shares of the firm's stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $283.14, for a total value of $302,110.38. Following the completion of the sale, the executive vice president directly owned 22,641 shares of the company's stock, valued at approximately $6,410,572.74. This trade represents a 4.50% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,757 shares of company stock worth $1,351,753 in the last ninety days. 1.30% of the stock is owned by insiders.

CSW Industrials Stock Performance

Shares of NYSE CSW traded up $0.70 during mid-day trading on Friday, hitting $273.83. 22,325 shares of the company were exchanged, compared to its average volume of 128,285. 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 stock has a 50 day simple moving average of $282.68 and a 200-day simple moving average of $296.13. CSW Industrials, Inc. has a 1-year low of $241.99 and a 1-year high of $436.50. The firm has a market cap of $4.60 billion, a price-to-earnings ratio of 32.72 and a beta of 0.91.

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 the consensus estimate 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 during the quarter, compared to the consensus estimate of $278.27 million. On average, sell-side analysts forecast that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Friday, July 25th were issued 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 (DPR) is currently 12.90%.

Analyst Ratings Changes

CSW has been the topic of a number of research reports. 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 research report on Friday, May 23rd. Truist Financial set a $273.00 price target on CSW Industrials and gave the stock a "hold" rating in a report on Tuesday, August 5th. Finally, Wells Fargo & Company decreased their price target on CSW Industrials from $305.00 to $285.00 and set an "equal weight" rating for the company in a report on Friday, August 1st. Four research analysts have rated the stock with a Hold rating, According to MarketBeat.com, CSW Industrials has an average rating of "Hold" and an average price target of $319.75.

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.