Vanguard Group Inc. Invests $515.55 Million in CSW Industrials, Inc. $CSW

Key Points

• Vanguard Group bought 1,756,390 shares of CSW in Q4 (~$515.55M), giving it roughly 10.52% ownership while total institutional ownership is about 82.79%.
• Analysts are mixed: MarketBeat shows an average rating of "Hold" with an average price target of $328.43, although individual ratings range from Strong Buy to Sell and several firms recently adjusted targets.
• CSW raised its quarterly dividend to $0.30 (from $0.27), a $1.20 annualized payout with a ~0.4% yield; the dividend is payable May 8 with an ex-dividend date of April 24.

Vanguard Group Inc. purchased a new stake in CSW Industrials, Inc. (NYSE:CSW - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 1,756,390 shares of the basic materials company's stock, valued at approximately $515,553,000. Vanguard Group Inc. owned about 10.52% of CSW Industrials as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Arizona State Retirement System acquired a new stake in shares of CSW Industrials during the 4th quarter valued at $1,374,000. Cadinha & Co. LLC acquired a new position in shares of CSW Industrials during the fourth quarter valued at about $1,257,000. Laurus Global Equity Management Inc. acquired a new position in shares of CSW Industrials during the fourth quarter valued at about $1,168,000. B. Metzler seel. Sohn & Co. AG acquired a new position in shares of CSW Industrials during the fourth quarter valued at about $3,635,000. Finally, HB Wealth Management LLC acquired a new position in shares of CSW Industrials during the fourth quarter valued at about $941,000. 82.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on CSW. Robert W. Baird began coverage on shares of CSW Industrials in a research report on Tuesday, February 17th. They issued an "outperform" rating and a $378.00 price target for the company. The Goldman Sachs Group boosted their price target on shares of CSW Industrials from $302.00 to $333.00 and gave the company a "neutral" rating in a report on Tuesday, January 13th. Wells Fargo & Company decreased their price objective on CSW Industrials from $300.00 to $280.00 and set an "equal weight" rating for the company in a research report on Monday, February 2nd. Weiss Ratings restated a "hold (c)" rating on shares of CSW Industrials in a research note on Wednesday, April 29th. Finally, Truist Financial raised their price target on CSW Industrials from $292.00 to $301.00 and gave the company a "hold" rating in a report on Monday, April 20th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $328.43.

CSW Industrials Trading Down 3.0%

Shares of CSW stock opened at $278.42 on Tuesday. The company has a market capitalization of $4.59 billion, a PE ratio of 36.93 and a beta of 0.88. The business's fifty day moving average is $278.33 and its 200 day moving average is $282.71. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.97 and a current ratio of 2.36. CSW Industrials, Inc. has a 52-week low of $230.45 and a 52-week high of $338.90.

CSW Industrials Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Friday, April 24th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, April 24th. This is a positive change from CSW Industrials's previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a dividend yield of 0.4%. CSW Industrials's payout ratio is presently 15.92%.

Insiders Place Their Bets

In related news, SVP Luke Alverson sold 1,007 shares of the stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $289.57, for a total transaction of $291,596.99. Following the sale, the senior vice president directly owned 12,450 shares of the company's stock, valued at approximately $3,605,146.50. This represents a 7.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Joseph B. Armes sold 1,500 shares of the firm's stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $286.77, for a total transaction of $430,155.00. Following the sale, the chief executive officer directly owned 84,494 shares in the company, valued at approximately $24,230,344.38. The trade was a 1.74% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 4,180 shares of company stock worth $1,197,578 in the last quarter. 1.30% of the stock is currently owned by company insiders.

About CSW Industrials

CSW Industrials, Inc is a diversified industrial manufacturer that develops and supplies specialty chemical products, performance materials and precision surface solutions. The company's offerings span a range of end markets including energy, industrial processing, converting and automotive, where its products serve critical functions in production efficiency, equipment maintenance and process enhancement.

In its chemical business, CSW Industrials produces solvent- and water-based formulations such as surfactants, corrosion inhibitors and custom blends used in oilfield exploration and production, metalworking, water treatment and other industrial applications.

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