Vanguard Group Inc. Decreases Stock Position in 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. cut its holdings in shares of CSW Industrials, Inc. (NYSE:CSW - Free Report) by 2.2% during the 1st quarter, according to its most recent disclosure with the Securities and 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 10.79% of CSW Industrials worth $527,954,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CSW. Bailard Inc. lifted its holdings in shares of CSW Industrials by 2.0% during the 1st quarter. Bailard Inc. now owns 1,705 shares of the basic materials company's stock worth $497,000 after acquiring an additional 33 shares during the period. Fifth Third Bancorp boosted its holdings in shares of CSW Industrials by 9.3% in the 1st quarter. Fifth Third Bancorp now owns 401 shares of the basic materials company's stock valued at $117,000 after purchasing an additional 34 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of CSW Industrials by 1.1% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,122 shares of the basic materials company's stock valued at $910,000 after purchasing an additional 34 shares during the last quarter. TCTC Holdings LLC raised its holdings in shares of CSW Industrials by 2.2% during the 1st quarter. TCTC Holdings LLC now owns 1,882 shares of the basic materials company's stock worth $549,000 after buying an additional 41 shares in the last quarter. Finally, Mariner LLC lifted its position in shares of CSW Industrials by 2.1% during the 4th quarter. Mariner LLC now owns 2,204 shares of the basic materials company's stock worth $778,000 after buying an additional 45 shares during the last quarter. 82.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CSW has been the subject of several research analyst reports. Truist Financial set a $273.00 target price on CSW Industrials and gave the stock a "hold" rating in a research note on Tuesday, August 5th. Citigroup increased their price objective on shares of CSW Industrials from $313.00 to $321.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. Finally, Wells Fargo & Company lowered 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 report on Friday, August 1st. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $319.75.

Insider Activity

In other CSW Industrials news, Director Robert M. Swartz sold 200 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $301.38, for a total value of $60,276.00. Following the completion of the sale, the director owned 12,719 shares of the company's stock, valued at approximately $3,833,252.22. This trade represents a 1.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Luke Alverson sold 919 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $305.49, for a total transaction of $280,745.31. Following the sale, the senior vice president directly owned 13,434 shares of the company's stock, valued at approximately $4,103,952.66. The trade was a 6.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,609 shares of company stock valued at $1,381,198. Corporate insiders own 1.30% of the company's stock.

CSW Industrials Trading Up 0.3%

Shares of CSW stock traded up $0.72 during trading hours on Monday, hitting $260.28. 34,647 shares of the company's stock traded hands, compared to its average volume of 127,193. The stock has a market cap of $4.37 billion, a PE ratio of 31.10 and a beta of 0.91. CSW Industrials, Inc. has a 12 month low of $241.99 and a 12 month high of $436.50. The stock's 50 day simple moving average is $289.69 and its 200 day simple moving average is $299.44. 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 earnings results on Thursday, July 31st. The basic materials company reported $2.85 EPS for the quarter, beating the consensus estimate of $2.62 by $0.23. The business had revenue of $263.65 million for 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%. On average, sell-side analysts anticipate that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Friday, July 25th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.4%. CSW Industrials's dividend payout ratio is currently 12.90%.

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.