Van Hulzen Asset Management LLC Has $2.59 Million Stock Position in CSW Industrials, Inc. $CSW

Key Points

• Van Hulzen Asset Management LLC increased its stake in CSW Industrials by 45.7%, acquiring an additional 2,786 shares, bringing its total to 8,884 shares valued at approximately $2.59 million.
• Several institutional investors significantly boosted their positions in CSW Industrials during the first quarter, with Mitsubishi UFJ Asset Management increasing its holdings by 517.6% and Versant Capital Management by 526.3%.
• CSW Industrials reported a quarterly profit of $2.85 EPS, exceeding analysts' expectations, while also announcing a dividend of $0.27 per share, showing a strong financial position despite a slight decline in stock value.

Van Hulzen Asset Management LLC lifted its stake in shares of CSW Industrials, Inc. (NYSE:CSW - Free Report) by 45.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,884 shares of the basic materials company's stock after acquiring an additional 2,786 shares during the period. Van Hulzen Asset Management LLC owned approximately 0.05% of CSW Industrials worth $2,590,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in 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 in the last quarter. Versant Capital Management Inc increased its holdings in shares of CSW Industrials by 526.3% in 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 during the last quarter. Whittier Trust Co. acquired a new position in shares of CSW Industrials in the first quarter valued at $59,000. Kapitalo Investimentos Ltda acquired a new position in shares of CSW Industrials in the fourth quarter valued at $89,000. Finally, GAMMA Investing LLC boosted its position in shares of CSW Industrials by 117.6% in 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 during the period. Institutional investors and hedge funds own 82.79% of the company's stock.

Insider Activity at CSW Industrials

In other news, EVP James E. Perry sold 145 shares of the firm's 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 completion of the transaction, the executive vice president directly owned 25,178 shares in the company, valued at $6,925,208.90. This trade represents a 0.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Don Sullivan sold 1,067 shares of the firm's stock in a transaction dated 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 owned 22,641 shares of the company's stock, valued at $6,410,572.74. This trade represents a 4.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,676 shares of company stock valued at $1,942,668 over the last ninety days. Insiders own 1.30% of the company's stock.

CSW Industrials Trading Up 6.0%

Shares of CSW stock traded up $15.42 during mid-day trading on Friday, reaching $272.82. 164,698 shares of the stock traded hands, compared to its average volume of 196,300. The stock's fifty day simple moving average is $285.54 and its two-hundred day simple moving average is $297.30. CSW Industrials, Inc. has a 1-year low of $241.99 and a 1-year high of $436.50. The company has a market cap of $4.58 billion, a price-to-earnings ratio of 32.60 and a beta of 0.91. 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 announced its quarterly earnings results on Thursday, July 31st. The basic materials company reported $2.85 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $278.27 million. On average, research analysts anticipate that CSW Industrials, Inc. will post 8.49 EPS 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 given a dividend of $0.27 per share. 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 12.90%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CSW. Citigroup lifted their target price on CSW Industrials from $313.00 to $321.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. Wells Fargo & Company decreased their target price on 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. Finally, Truist Financial set a $273.00 target price on CSW Industrials and gave the company a "hold" rating in a research report on Tuesday, August 5th. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus 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.