Vanguard Group Inc. Sells 41,679 Shares of CSW Industrials, Inc. $CSW

Key Points

• Vanguard Group Inc. has reduced its holdings in CSW Industrials by 2.2%, now owning approximately 10.79% of the company, which is valued at about $528 million.
• CSW Industrials reported an earnings per share (EPS) of $2.85 for the last quarter, exceeding estimates, but its revenue of $263.65 million fell short of projections.
• The company recently declared a quarterly dividend of $0.27 per share, translating to an annualized dividend of $1.08 and a yield of 0.4%.

Vanguard Group Inc. decreased its holdings in shares of CSW Industrials, Inc. (NYSE:CSW - Free Report) by 2.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,811,037 shares of the basic materials company's stock after selling 41,679 shares during the quarter. Vanguard Group Inc. owned about 10.79% of CSW Industrials worth $527,954,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Versant Capital Management Inc boosted its position 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 acquiring an additional 100 shares in the last quarter. Whittier Trust Co. bought a new position in CSW Industrials during the first quarter worth about $59,000. Kapitalo Investimentos Ltda acquired a new stake in CSW Industrials during the fourth quarter valued at approximately $89,000. GAMMA Investing LLC grew its stake in shares of CSW Industrials by 117.6% in the 1st 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 during the period. Finally, Archer Investment Corp acquired a new position in shares of CSW Industrials in the 1st quarter worth approximately $87,000. 82.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Truist Financial set a $273.00 price target on CSW Industrials and gave the company a "hold" rating in a research report on Tuesday, August 5th. Citigroup increased 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. Finally, Wells Fargo & Company decreased their price objective on shares of CSW Industrials from $305.00 to $285.00 and set an "equal weight" rating on the stock in a research note on Friday, August 1st. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $319.75.

CSW Industrials Trading Up 2.1%

CSW stock traded up $5.51 during midday trading on Tuesday, hitting $266.21. 13,108 shares of the company's stock were exchanged, compared to its average volume of 126,774. The stock's fifty day moving average price is $288.80 and its 200-day moving average price is $298.96. CSW Industrials, Inc. has a one year low of $241.99 and a one year 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. The company has a market cap of $4.47 billion, a PE ratio of 31.81 and a beta of 0.91.

CSW Industrials (NYSE:CSW - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $263.65 million during 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%. Research analysts predict that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 8th. Shareholders 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 yield of 0.4%. CSW Industrials's dividend payout ratio (DPR) is presently 12.90%.

Insider Activity

In other CSW Industrials news, SVP Luke Alverson sold 919 shares of the firm's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $305.49, for a total transaction of $280,745.31. Following the completion of the sale, the senior vice president owned 13,434 shares of the company's stock, valued at $4,103,952.66. This trade represents a 6.40% decrease in their position. The sale was disclosed in a document filed 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 stock was sold at an average price of $250.37, for a total transaction of $50,074.00. Following the sale, the director directly owned 12,319 shares of the company's stock, valued at $3,084,308.03. The trade was a 1.60% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,676 shares of company stock valued at $1,942,668. 1.30% of the stock is owned by insiders.

CSW Industrials 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.