Van Hulzen Asset Management LLC Makes New Investment in CSW Industrials, Inc. $CSW

Van Hulzen Asset Management LLC purchased a new stake in CSW Industrials, Inc. (NYSE:CSW) in the 4th quarter, HoldingsChannel reports. The fund purchased 5,388 shares of the basic materials company’s stock, valued at approximately $1,582,000.

Several other institutional investors have also recently made changes to their positions in the stock. Danske Bank A S bought a new position in shares of CSW Industrials during the 4th quarter worth about $29,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of CSW Industrials in the 4th quarter valued at about $31,000. Global Retirement Partners LLC bought a new stake in CSW Industrials in the 4th quarter valued at about $31,000. CWM LLC acquired a new position in CSW Industrials during the 4th quarter worth approximately $32,000. Finally, Salomon & Ludwin LLC acquired a new position in CSW Industrials during the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 82.79% of the company’s stock.

Insider Buying and Selling

In other CSW Industrials news, SVP Luke Alverson sold 1,007 shares of CSW Industrials stock in a transaction on Friday, May 1st. The shares were sold at an average price of $289.57, for a total transaction of $291,596.99. Following the transaction, the senior vice president directly owned 12,450 shares of the company’s stock, valued at $3,605,146.50. The trade was a 7.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Don Sullivan sold 166 shares of CSW Industrials stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $300.26, for a total transaction of $49,843.16. Following the transaction, the executive vice president directly owned 21,567 shares in the company, valued at $6,475,707.42. This represents a 0.76% 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 have sold a total of 3,680 shares of company stock valued at $1,039,568 in the last 90 days. Insiders own 1.30% of the company’s stock.

CSW Industrials Stock Performance

Shares of CSW Industrials stock opened at $263.00 on Friday. CSW Industrials, Inc. has a 52 week low of $230.45 and a 52 week high of $337.02. 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 business has a 50 day moving average price of $273.15 and a 200-day moving average price of $284.81. The company has a market cap of $4.33 billion, a PE ratio of 34.88 and a beta of 0.88.

CSW Industrials Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, April 24th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Friday, April 24th. This is an increase from CSW Industrials’s previous quarterly dividend of $0.27. CSW Industrials’s payout ratio is currently 15.92%.

Analyst Ratings Changes

Several research analysts have issued reports on CSW shares. 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 started coverage on CSW Industrials in a research report on Tuesday, February 17th. They set an “outperform” rating and a $378.00 target price on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of CSW Industrials in a report on Wednesday, April 29th. Wells Fargo & Company reduced their price target on shares of CSW Industrials from $300.00 to $280.00 and set an “equal weight” rating for the company in a research report on Monday, February 2nd. Finally, Zacks Research upgraded shares of CSW Industrials from a “strong sell” rating to a “hold” rating in a research note on Friday, May 8th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, CSW Industrials currently has an average rating of “Moderate Buy” and a consensus target price of $328.43.

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.