1,050 Shares in CSW Industrials, Inc. $CSW Purchased by United Services Automobile Association

Key Points

• United Services Automobile Association acquired a new stake in CSW Industrials, purchasing 1,050 shares valued at approximately $305,000 during the 1st quarter.
• CSW Industrials reported a quarterly EPS of $2.85, exceeding analysts' estimates by $0.23, and had revenues of $263.65 million which fell short of expectations.
• The company announced a quarterly dividend of $0.27 per share, representing an annualized yield of 0.4% and a payout ratio of 12.90%.

United Services Automobile Association purchased a new position in shares of CSW Industrials, Inc. (NYSE:CSW - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,050 shares of the basic materials company's stock, valued at approximately $305,000.

Several other hedge funds also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in CSW Industrials by 517.6% in 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 boosted its holdings in shares of CSW Industrials by 526.3% during the 1st quarter. Versant Capital Management Inc now owns 119 shares of the basic materials company's stock valued at $35,000 after buying an additional 100 shares in the last quarter. Whittier Trust Co. bought a new stake in shares of CSW Industrials during the 1st quarter valued at $59,000. GAMMA Investing LLC boosted its stake in CSW Industrials by 117.6% in the 1st quarter. GAMMA Investing LLC now owns 296 shares of the basic materials company's stock worth $86,000 after purchasing an additional 160 shares in the last quarter. Finally, Archer Investment Corp bought a new position in CSW Industrials in the 1st quarter worth about $87,000. 82.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Don Sullivan sold 1,067 shares of the company's stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $283.14, for a total value of $302,110.38. Following the transaction, the executive vice president directly owned 22,641 shares in the company, valued at approximately $6,410,572.74. This represents a 4.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP James E. Perry sold 145 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $275.05, for a total value of $39,882.25. Following the completion of the transaction, the executive vice president owned 25,178 shares in the company, 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. Insiders have sold 5,412 shares of company stock valued at $1,497,397 over the last ninety days. 1.30% of the stock is currently owned by company insiders.

CSW Industrials Stock Performance

CSW traded up $9.74 on Thursday, reaching $255.89. 137,956 shares of the stock were exchanged, compared to its average volume of 144,085. The company's 50-day moving average price is $268.82 and its 200 day moving average price is $290.82. CSW Industrials, Inc. has a fifty-two week low of $241.99 and a fifty-two week high of $436.50. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.86 and a quick ratio of 1.48. The firm has a market capitalization of $4.30 billion, a PE ratio of 30.57 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. CSW Industrials had a return on equity of 13.78% and a net margin of 15.18%.The business had revenue of $263.65 million during the quarter, compared to analysts' expectations of $278.27 million. As a group, sell-side analysts forecast that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Zacks Research raised CSW Industrials from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, September 2nd. Truist Financial set a $273.00 price target on shares of CSW Industrials and gave the company a "hold" rating in a report on Tuesday, August 5th. Wells Fargo & Company dropped their price target on shares of CSW Industrials from $305.00 to $285.00 and set an "equal weight" rating for the company in a research report on Friday, August 1st. Finally, Citigroup upped their price target on CSW Industrials from $313.00 to $321.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. One analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, CSW Industrials has a consensus rating of "Hold" and a consensus price target 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.