9,108 Shares in CSW Industrials, Inc. $CSW Acquired by Vest Financial LLC

Vest Financial LLC acquired a new position in CSW Industrials, Inc. (NYSE:CSW) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 9,108 shares of the basic materials company’s stock, valued at approximately $2,673,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of CSW. AQR Capital Management LLC grew its stake in CSW Industrials by 12.4% in the first quarter. AQR Capital Management LLC now owns 5,675 shares of the basic materials company’s stock worth $1,654,000 after purchasing an additional 624 shares in the last quarter. Integrated Wealth Concepts LLC grew its stake in CSW Industrials by 20.0% in the first quarter. Integrated Wealth Concepts LLC now owns 970 shares of the basic materials company’s stock worth $283,000 after purchasing an additional 162 shares in the last quarter. GAMMA Investing LLC bought a new position in CSW Industrials in the fourth quarter worth approximately $50,000. Anderson Hoagland & Co. bought a new position in CSW Industrials in the fourth quarter worth approximately $365,000. Finally, Park Avenue Securities LLC bought a new position in CSW Industrials in the fourth quarter worth approximately $746,000. Institutional investors own 82.79% of the company’s stock.

CSW Industrials Trading Down 1.8%

Shares of NYSE:CSW opened at $286.26 on Thursday. CSW Industrials, Inc. has a 12-month low of $230.45 and a 12-month high of $338.90. The business’s fifty day simple moving average is $278.73 and its 200-day simple moving average is $282.03. The company has a market capitalization of $4.71 billion, a PE ratio of 37.96 and a beta of 0.84. The company has a current ratio of 2.36, a quick ratio of 0.97 and a debt-to-equity ratio of 0.72.

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

CSW Industrials Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Friday, April 24th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, April 24th. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.27. CSW Industrials’s payout ratio is 15.92%.

Analyst Ratings Changes

A number of research firms have weighed in on CSW. The Goldman Sachs Group upped their target price on CSW Industrials from $302.00 to $333.00 and gave the stock a “neutral” rating in a report on Tuesday, January 13th. Zacks Research downgraded CSW Industrials from a “hold” rating to a “strong sell” rating in a report on Friday, February 6th. Citigroup cut their price target on CSW Industrials from $333.00 to $307.00 and set a “neutral” rating on the stock in a report on Friday, January 30th. Robert W. Baird assumed coverage on CSW Industrials in a report on Tuesday, February 17th. They issued an “outperform” rating and a $378.00 price target on the stock. Finally, Truist Financial lifted their price target on CSW Industrials from $292.00 to $301.00 and gave the company a “hold” rating in a report on Monday, April 20th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $328.43.

Insiders Place Their Bets

In other news, CEO Joseph B. Armes sold 1,500 shares of the firm’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $286.77, for a total value of $430,155.00. Following the completion of the sale, the chief executive officer owned 84,494 shares of the company’s stock, valued at $24,230,344.38. This trade represents a 1.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Don Sullivan sold 166 shares of the firm’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $300.26, for a total value of $49,843.16. Following the completion of the sale, the executive vice president directly owned 21,567 shares of the company’s stock, valued at $6,475,707.42. The trade was a 0.76% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 3,173 shares of company stock worth $905,981 over the last quarter. Company insiders own 1.30% of the company’s stock.

About CSW Industrials

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.