Venturi Wealth Management LLC Makes New $505,000 Investment in CSW Industrials, Inc. $CSW

Venturi Wealth Management LLC acquired a new stake in shares of CSW Industrials, Inc. (NYSE:CSW) in the 1st quarter, HoldingsChannel reports. The firm acquired 1,938 shares of the basic materials company’s stock, valued at approximately $505,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. purchased a new stake in CSW Industrials in the 4th quarter worth approximately $515,553,000. Capital World Investors purchased a new position in shares of CSW Industrials in the fourth quarter valued at $308,934,000. Wasatch Advisors LP increased its position in shares of CSW Industrials by 31.1% during the first quarter. Wasatch Advisors LP now owns 873,659 shares of the basic materials company’s stock worth $227,658,000 after acquiring an additional 207,186 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in shares of CSW Industrials in the fourth quarter worth $237,891,000. Finally, Morgan Stanley acquired a new stake in CSW Industrials during the fourth quarter valued at approximately $196,549,000. Hedge funds and other institutional investors own 82.79% of the company’s stock.

CSW Industrials Trading Down 0.0%

CSW stock opened at $282.53 on Monday. The business has a fifty day moving average price of $276.92 and a 200 day moving average price of $287.49. 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 fifty-two week low of $230.45 and a fifty-two week high of $337.02. The stock has a market capitalization of $4.61 billion, a price-to-earnings ratio of 42.30 and a beta of 0.84.

CSW Industrials (NYSE:CSW) last announced its earnings results on Tuesday, May 26th. The basic materials company reported $3.14 EPS for the quarter, topping the consensus estimate of $2.34 by $0.80. CSW Industrials had a return on equity of 15.91% and a net margin of 10.35%.The company had revenue of $308.96 million for the quarter. The business’s revenue was up 34.0% compared to the same quarter last year. Analysts expect that CSW Industrials, Inc. will post 12.52 EPS for the current fiscal year.

CSW Industrials Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, April 24th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, April 24th. This represents a $1.20 dividend on an annualized basis and a yield of 0.4%. This is an increase from CSW Industrials’s previous quarterly dividend of $0.27. CSW Industrials’s payout ratio is currently 17.96%.

Insider Buying and Selling at CSW Industrials

In other CSW Industrials news, SVP Luke Alverson sold 1,007 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $289.57, for a total value of $291,596.99. Following the completion of the transaction, the senior vice president directly owned 12,450 shares of the company’s stock, valued at approximately $3,605,146.50. The trade was a 7.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through 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 CSW Industrials 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 sale, the chief executive officer owned 69,100 shares of the company’s stock, valued at approximately $19,314,832. The trade was a 2.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 6,680 shares of company stock worth $1,884,758. 1.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

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.