Zurcher Kantonalbank Zurich Cantonalbank Invests $1.05 Million in CSW Industrials, Inc. $CSW

Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in CSW Industrials, Inc. (NYSE:CSW - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 3,562 shares of the basic materials company's stock, valued at approximately $1,046,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Congress Asset Management Co. bought a new stake in shares of CSW Industrials in the 4th quarter worth approximately $65,002,000. Vaughan Nelson Investment Management L.P. bought a new stake in shares of CSW Industrials in the 4th quarter worth approximately $53,434,000. Allspring Global Investments Holdings LLC bought a new stake in shares of CSW Industrials in the 4th quarter worth approximately $41,461,000. SG Americas Securities LLC bought a new stake in shares of CSW Industrials in the 4th quarter worth approximately $39,915,000. Finally, Riverbridge Partners LLC bought a new stake in shares of CSW Industrials in the 4th quarter worth approximately $38,280,000. 82.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CSW shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of CSW Industrials in a research report on Wednesday. The Goldman Sachs Group upped their price objective on CSW Industrials from $302.00 to $333.00 and gave the company a "neutral" rating in a research report on Tuesday, January 13th. Truist Financial upped their price objective on CSW Industrials from $292.00 to $301.00 and gave the company a "hold" rating in a research report on Monday, April 20th. Wells Fargo & Company lowered their price objective on CSW Industrials from $300.00 to $280.00 and set an "equal weight" rating on the stock in a research report on Monday, February 2nd. Finally, Zacks Research cut CSW Industrials from a "hold" rating to a "strong sell" rating in a research report on Friday, February 6th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $328.43.

Insider Activity

In other news, Director Darron K. Ash purchased 300 shares of the business's stock in a transaction on Friday, March 13th. The shares were acquired at an average cost of $256.62 per share, with a total value of $76,986.00. Following the completion of the acquisition, the director owned 1,155 shares of the company's stock, valued at $296,396.10. This trade represents a 35.09% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Luke Alverson sold 1,007 shares of the business's stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $266.11, for a total transaction of $267,972.77. Following the sale, the senior vice president directly owned 13,457 shares in the company, valued at $3,581,042.27. This trade represents a 6.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 3,173 shares of company stock valued at $905,981 over the last three months. Company insiders own 1.30% of the company's stock.

CSW Industrials Stock Up 2.0%

CSW opened at $291.52 on Friday. The company has a quick ratio of 0.97, a current ratio of 2.36 and a debt-to-equity ratio of 0.72. CSW Industrials, Inc. has a 52 week low of $230.45 and a 52 week high of $338.90. The firm has a 50-day simple moving average of $278.33 and a two-hundred day simple moving average of $282.10. The company has a market capitalization of $4.80 billion, a PE ratio of 38.66 and a beta of 0.84.

CSW Industrials (NYSE:CSW - Get Free Report) last announced its quarterly earnings results on Thursday, January 29th. The basic materials company reported $1.42 EPS for the quarter, missing analysts' consensus estimates of $1.93 by ($0.51). The business had revenue of $232.99 million during the quarter, compared to the consensus estimate of $249.36 million. CSW Industrials had a net margin of 12.64% and a return on equity of 14.55%. Analysts forecast that CSW Industrials, Inc. will post 9.9 earnings per share for the current fiscal year.

CSW Industrials Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Friday, April 24th will be issued a $0.30 dividend. This is an increase from CSW Industrials's previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Friday, April 24th. CSW Industrials's dividend payout ratio is presently 15.92%.

CSW Industrials Profile

CSW Industrials, Inc is a diversified industrial manufacturer that develops and supplies specialty chemical products, performance materials and precision surface solutions. The company's offerings span a range of end markets including energy, industrial processing, converting and automotive, where its products serve critical functions in production efficiency, equipment maintenance and process enhancement.

In its chemical business, CSW Industrials produces solvent- and water-based formulations such as surfactants, corrosion inhibitors and custom blends used in oilfield exploration and production, metalworking, water treatment and other industrial applications.

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