Vaughan Nelson Investment Management L.P. Trims Stake in CSW Industrials, Inc. $CSW

Vaughan Nelson Investment Management L.P. reduced its holdings in shares of CSW Industrials, Inc. (NYSE:CSW) by 22.1% in the first quarter, Holdings Channel reports. The institutional investor owned 141,880 shares of the basic materials company’s stock after selling 40,160 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in CSW Industrials were worth $36,971,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in CSW. AQR Capital Management LLC grew its position in shares of CSW Industrials by 12.4% during the 1st quarter. AQR Capital Management LLC now owns 5,675 shares of the basic materials company’s stock valued at $1,654,000 after acquiring an additional 624 shares during the period. Integrated Wealth Concepts LLC increased its stake in shares of CSW Industrials by 20.0% in the 1st 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 4th quarter worth $50,000. Anderson Hoagland & Co. bought a new position in CSW Industrials in the 4th quarter worth $365,000. Finally, Park Avenue Securities LLC bought a new position in CSW Industrials in the 4th quarter worth $746,000. 82.79% of the stock is currently owned by institutional investors.

CSW Industrials Stock Down 0.1%

Shares of CSW stock opened at $279.74 on Monday. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.60 and a quick ratio of 1.23. CSW Industrials, Inc. has a one year low of $230.45 and a one year high of $337.02. The company’s fifty day moving average price is $278.43 and its 200-day moving average price is $288.09. The company has a market capitalization of $4.57 billion, a price-to-earnings ratio of 41.88 and a beta of 0.84.

CSW Industrials (NYSE:CSW) last issued its earnings results on Tuesday, May 26th. The basic materials company reported $3.14 earnings per share for the quarter, topping the consensus estimate of $2.34 by $0.80. The company had revenue of $308.96 million during the quarter. CSW Industrials had a net margin of 10.35% and a return on equity of 15.91%. The firm’s quarterly revenue was up 34.0% on a year-over-year basis. Sell-side analysts expect that CSW Industrials, Inc. will post 12.52 EPS for the current fiscal year.

CSW Industrials Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, April 24th were given a $0.30 dividend. The ex-dividend date was 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 (DPR) is presently 17.96%.

Insider Activity

In other news, EVP Don Sullivan sold 166 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president owned 21,567 shares of the company’s stock, valued at $6,475,707.42. This represents a 0.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Joseph B. Armes sold 1,500 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $279.52, for a total value of $419,280.00. Following the completion of the transaction, the chief executive officer directly owned 69,100 shares of the company’s stock, valued at approximately $19,314,832. This trade represents a 2.12% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 6,680 shares of company stock worth $1,884,758 over the last ninety days. Corporate insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on CSW. Weiss Ratings raised CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Truist Financial decreased their price objective on CSW Industrials from $301.00 to $300.00 and set a “hold” rating on the stock in a research note on Wednesday, May 27th. Wells Fargo & Company raised their price objective on CSW Industrials from $280.00 to $285.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 27th. Zacks Research raised CSW Industrials from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. Finally, Citigroup cut their price objective on CSW Industrials from $307.00 to $304.00 and set a “neutral” rating for the company in a research note on Wednesday, May 27th. Three equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $328.57.

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.