Voya Investment Management LLC Buys 3,157 Shares of CSW Industrials, Inc. $CSW

Key Points

• Voya Investment Management LLC increased its stake in CSW Industrials by 37.1% during the first quarter, owning 11,662 shares valued at $3.4 million.
• Institutional investors now hold approximately 82.79% of CSW Industrials, with notable increases in holdings from firms like Millennium Management and UBS AM.
• CSW Industrials recently reported an EPS of $2.85, surpassing estimates, while shares opened at $256.38 with a market cap of $4.31 billion.

Voya Investment Management LLC grew its stake in CSW Industrials, Inc. (NYSE:CSW - Free Report) by 37.1% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,662 shares of the basic materials company's stock after purchasing an additional 3,157 shares during the quarter. Voya Investment Management LLC owned approximately 0.07% of CSW Industrials worth $3,400,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Millennium Management LLC lifted its holdings in CSW Industrials by 435.2% during the fourth quarter. Millennium Management LLC now owns 3,934 shares of the basic materials company's stock worth $1,388,000 after acquiring an additional 3,199 shares during the period. Man Group plc lifted its holdings in CSW Industrials by 82.0% during the fourth quarter. Man Group plc now owns 3,426 shares of the basic materials company's stock worth $1,209,000 after acquiring an additional 1,544 shares during the period. Twinbeech Capital LP bought a new stake in CSW Industrials during the fourth quarter worth $262,000. Squarepoint Ops LLC bought a new stake in CSW Industrials during the fourth quarter worth $2,013,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in CSW Industrials by 111.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 51,306 shares of the basic materials company's stock worth $18,101,000 after acquiring an additional 27,042 shares during the period. Institutional investors own 82.79% of the company's stock.

Insiders Place Their Bets

In related news, EVP Don Sullivan sold 1,067 shares of the business's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $283.14, for a total transaction of $302,110.38. Following the completion of the transaction, the executive vice president directly owned 22,641 shares in the company, valued at $6,410,572.74. The trade was a 4.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert M. Swartz sold 200 shares of the business's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $250.37, for a total value of $50,074.00. Following the transaction, the director owned 12,319 shares of the company's stock, valued at approximately $3,084,308.03. The trade was a 1.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,412 shares of company stock valued at $1,497,397 in the last ninety days. Corporate insiders own 1.30% of the company's stock.

CSW Industrials Price Performance

Shares of NYSE CSW opened at $256.38 on Friday. CSW Industrials, Inc. has a fifty-two week low of $241.99 and a fifty-two week high of $436.50. The stock has a fifty day moving average of $267.84 and a 200-day moving average of $290.51. 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 $4.31 billion, a PE ratio of 30.63 and a beta of 0.91.

CSW Industrials (NYSE:CSW - Get Free Report) last posted its earnings results on Thursday, July 31st. The basic materials company reported $2.85 EPS for the quarter, topping the consensus estimate of $2.62 by $0.23. CSW Industrials had a return on equity of 13.78% and a net margin of 15.18%.The business had revenue of $263.65 million during the quarter, compared to analysts' expectations of $278.27 million. Equities research analysts anticipate that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Zacks Research upgraded CSW Industrials from a "hold" rating to a "strong-buy" rating in a report on Tuesday, September 2nd. Citigroup lifted their price target on CSW Industrials from $313.00 to $321.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. Wells Fargo & Company dropped their price target on CSW Industrials from $305.00 to $285.00 and set an "equal weight" rating on the stock in a report on Friday, August 1st. Finally, Truist Financial set a $273.00 price target on CSW Industrials and gave the stock a "hold" rating in a report on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $319.75.

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.

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