CSW Industrials, Inc. $CSW Shares Sold by Zuckerman Investment Group LLC

Key Points

• Zuckerman Investment Group LLC reduced its stake in CSW Industrials, Inc. by 1.2%, holding 80,168 shares valued at $23.37 million, making it the fund's 11th largest holding.
• CSW Industrials reported $2.85 earnings per share (EPS) for the last quarter, surpassing the consensus estimate of $2.62, while revenue was below expectations at $263.65 million.
• The company announced a quarterly dividend of $0.27 per share, translating to an annualized dividend yield of 0.4% and a dividend payout ratio of 12.90%.

Zuckerman Investment Group LLC reduced its stake in CSW Industrials, Inc. (NYSE:CSW - Free Report) by 1.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 80,168 shares of the basic materials company's stock after selling 971 shares during the quarter. CSW Industrials comprises about 2.5% of Zuckerman Investment Group LLC's portfolio, making the stock its 11th largest holding. Zuckerman Investment Group LLC owned about 0.48% of CSW Industrials worth $23,371,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of CSW. Bailard Inc. raised its position in 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 buying an additional 33 shares during the last quarter. Fifth Third Bancorp grew its stake in 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 acquiring an additional 34 shares during the period. Sequoia Financial Advisors LLC grew its stake in 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 acquiring an additional 34 shares during the period. TCTC Holdings LLC grew its stake in CSW Industrials by 2.2% in the 1st quarter. TCTC Holdings LLC now owns 1,882 shares of the basic materials company's stock valued at $549,000 after acquiring an additional 41 shares during the period. Finally, Mariner LLC boosted its stake in 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 purchasing an additional 45 shares during the last quarter. 82.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, Director Robert M. Swartz sold 200 shares of the firm's stock in a transaction 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 transaction, the director owned 12,719 shares in the company, valued at $3,833,252.22. This trade represents a 1.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP James E. Perry sold 145 shares of CSW Industrials stock in a transaction dated 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 owned 25,178 shares of the company's stock, valued at approximately $6,925,208.90. This represents a 0.57% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,757 shares of company stock worth $1,351,753. 1.30% of the stock is owned by insiders.

CSW Industrials Stock Performance

Shares of NYSE CSW traded up $1.15 during mid-day trading on Friday, hitting $274.28. 158,318 shares of the company were exchanged, compared to its average volume of 191,112. The company has a quick ratio of 1.48, a current ratio of 2.86 and a debt-to-equity ratio of 0.09. The stock has a 50 day simple moving average of $282.06 and a 200-day simple moving average of $295.79. CSW Industrials, Inc. has a 1-year low of $241.99 and a 1-year high of $436.50. The firm has a market cap of $4.61 billion, a price-to-earnings ratio of 32.77 and a beta of 0.91.

CSW Industrials (NYSE:CSW - Get Free Report) last issued its quarterly earnings results 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. CSW Industrials had a return on equity of 13.78% and a net margin of 15.18%.The firm had revenue of $263.65 million during the quarter, compared to the consensus estimate of $278.27 million. On average, sell-side analysts forecast that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Announces Dividend

The firm also recently disclosed 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 payout ratio is 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.