U.S. Capital Wealth Advisors LLC Purchases New Shares in CSW Industrials, Inc. $CSW

U.S. Capital Wealth Advisors LLC purchased a new stake in shares of CSW Industrials, Inc. (NYSE:CSW) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,300 shares of the basic materials company’s stock, valued at approximately $969,000.

Other large investors also recently made changes to their positions in the company. 1900 Wealth Management LLC bought a new position in shares of CSW Industrials during the fourth quarter valued at about $5,363,000. Jacobson & Schmitt Advisors LLC bought a new position in shares of CSW Industrials during the fourth quarter valued at about $18,341,000. Avior Wealth Management LLC bought a new position in shares of CSW Industrials during the fourth quarter valued at about $807,000. Harbor Capital Advisors Inc. bought a new position in shares of CSW Industrials during the fourth quarter valued at about $2,359,000. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of CSW Industrials during the fourth quarter valued at about $41,461,000. 82.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have commented on CSW shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CSW Industrials in a research report on Monday, December 29th. Truist Financial lifted their price objective on shares of CSW Industrials from $271.00 to $292.00 and gave the stock a “hold” rating in a research report on Monday, February 2nd. The Goldman Sachs Group lifted their price objective on shares of CSW Industrials from $302.00 to $333.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 13th. Zacks Research lowered shares of CSW Industrials from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th. Finally, Robert W. Baird started coverage on shares of CSW Industrials in a research report on Tuesday, February 17th. They issued an “outperform” rating and a $378.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, CSW Industrials has a consensus rating of “Hold” and an average target price of $327.14.

Insider Activity

In other news, SVP Luke Alverson sold 1,007 shares of CSW Industrials stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $266.11, for a total value of $267,972.77. Following the completion of the transaction, the senior vice president 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Darron K. Ash bought 300 shares of CSW Industrials stock in a transaction dated Friday, March 13th. The stock was acquired at an average price of $256.62 per share, with a total value of $76,986.00. Following the purchase, the director directly owned 1,155 shares of the company’s stock, valued at approximately $296,396.10. This represents a 35.09% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.30% of the stock is owned by company insiders.

CSW Industrials Price Performance

CSW opened at $285.26 on Thursday. The company has a market capitalization of $4.70 billion, a price-to-earnings ratio of 37.83 and a beta of 0.84. The company has a quick ratio of 0.97, a current ratio of 2.36 and a debt-to-equity ratio of 0.72. The firm has a 50-day moving average price of $280.96 and a 200-day moving average price of $278.75. CSW Industrials, Inc. has a twelve month low of $230.45 and a twelve month high of $338.90.

CSW Industrials (NYSE:CSW) last posted its earnings results on Thursday, January 29th. The basic materials company reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.93 by ($0.51). The business had revenue of $232.99 million during the quarter, compared to analysts’ expectations of $249.36 million. CSW Industrials had a return on equity of 14.55% and a net margin of 12.64%. Equities analysts expect that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Friday, April 24th will be paid a $0.30 dividend. The ex-dividend date is Friday, April 24th. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a dividend yield of 0.4%. CSW Industrials’s dividend payout ratio is 14.32%.

CSW Industrials Company 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.