Vident Advisory LLC Takes Position in CSW Industrials, Inc. $CSW

Key Points

• Vident Advisory LLC purchased 1,224 shares of CSW Industrials, Inc. for approximately $357,000, marking a significant investment in the company during the first quarter.
• Wall Street analysts have varying opinions on CSW Industrials, with a consensus average rating of "Hold" and a target price of $319.75, while also facing recent target price adjustments from major firms.
• Insider transactions revealed that executives sold a total of 4,412 shares of CSW stock valued at over $1.24 million in the past 90 days, indicating a reduction in their ownership stakes.

Vident Advisory LLC purchased a new position in shares of CSW Industrials, Inc. (NYSE:CSW - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,224 shares of the basic materials company's stock, valued at approximately $357,000.

A number of other large investors also recently modified their holdings of CSW. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in CSW Industrials by 517.6% in the 1st 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 during the last quarter. Versant Capital Management Inc boosted its position in CSW Industrials by 526.3% in 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 during the period. Whittier Trust Co. purchased a new stake in CSW Industrials in the 1st quarter valued at about $59,000. GAMMA Investing LLC boosted its position in 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 buying an additional 160 shares during the period. Finally, Archer Investment Corp purchased a new stake in shares of CSW Industrials in the 1st quarter worth approximately $87,000. Hedge funds and other institutional investors own 82.79% of the company's stock.

CSW Industrials Price Performance

NYSE CSW traded down $4.10 during trading hours on Friday, reaching $250.74. The company's stock had a trading volume of 101,531 shares, compared to its average volume of 148,319. 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 stock has a market cap of $4.21 billion, a PE ratio of 29.96 and a beta of 0.91. The company's 50-day moving average is $273.29 and its two-hundred day moving average is $292.22. CSW Industrials, Inc. has a fifty-two week low of $241.99 and a fifty-two week high of $436.50.

CSW Industrials (NYSE:CSW - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The basic materials company reported $2.85 earnings per share for the quarter, beating analysts' consensus estimates of $2.62 by $0.23. The firm had revenue of $263.65 million for the quarter, compared to analysts' expectations of $278.27 million. CSW Industrials had a net margin of 15.18% and a return on equity of 13.78%. Analysts forecast that CSW Industrials, Inc. will post 8.49 EPS for the current 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 $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.4%. CSW Industrials's dividend payout ratio (DPR) is presently 12.90%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on CSW shares. Citigroup increased their target price on shares of CSW Industrials from $313.00 to $321.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. Truist Financial set a $273.00 price objective on shares of CSW Industrials and gave the company a "hold" rating in a report on Tuesday, August 5th. Wells Fargo & Company cut their price objective 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, Zacks Research upgraded shares of CSW Industrials from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $319.75.

Insider Buying and Selling

In other CSW Industrials news, 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 transaction, the director 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP James E. Perry sold 145 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $275.05, for a total value of $39,882.25. Following the sale, the executive vice president directly owned 25,178 shares of the company's stock, valued at $6,925,208.90. The trade was a 0.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,412 shares of company stock worth $1,247,397 in the last quarter. 1.30% of the stock is currently owned by corporate 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.