Orange Investment Advisors Inc. Takes $943,000 Position in CSW Industrials, Inc. $CSW

Orange Investment Advisors Inc. bought a new stake in CSW Industrials, Inc. (NYSE:CSW) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 3,212 shares of the basic materials company’s stock, valued at approximately $943,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. acquired a new position in shares of CSW Industrials during the fourth quarter valued at $515,553,000. Northwestern Mutual Wealth Management Co. bought a new stake in CSW Industrials in the 4th quarter valued at about $237,891,000. Conestoga Capital Advisors LLC bought a new stake in CSW Industrials in the 4th quarter valued at about $185,879,000. Congress Asset Management Co. acquired a new position in CSW Industrials during the 4th quarter valued at about $65,002,000. Finally, Thrivent Financial for Lutherans acquired a new position in CSW Industrials during the 4th quarter valued at about $54,324,000. Institutional investors and hedge funds own 82.79% of the company’s stock.

CSW Industrials Stock Performance

Shares of CSW opened at $277.83 on Friday. The firm has a market capitalization of $4.58 billion, a PE ratio of 36.85 and a beta of 0.88. 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 $273.34 and a 200 day moving average price of $284.76. CSW Industrials, Inc. has a 52-week low of $230.45 and a 52-week high of $337.02.

CSW Industrials Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, April 24th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.4%. This is a boost from CSW Industrials’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, April 24th. CSW Industrials’s payout ratio is 15.92%.

Insider Transactions at CSW Industrials

In related news, SVP Luke Alverson sold 1,007 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $289.57, for a total transaction of $291,596.99. Following the sale, the senior vice president owned 12,450 shares of the company’s stock, valued at $3,605,146.50. The trade was a 7.48% decrease in their ownership of the stock. The sale 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 the business’s stock in a transaction on Friday, March 13th. The stock was purchased at an average price of $256.62 per share, with a total value of $76,986.00. Following the completion of the transaction, the director directly owned 1,155 shares of the company’s stock, valued at $296,396.10. This trade represents a 35.09% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold 3,680 shares of company stock worth $1,039,568 in the last three months. 1.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on CSW shares. Wells Fargo & Company dropped their price target on shares of CSW Industrials from $300.00 to $280.00 and set an “equal weight” rating on the stock in a research note on Monday, February 2nd. Citigroup reduced their price objective on CSW Industrials from $333.00 to $307.00 and set a “neutral” rating for the company in a research report on Friday, January 30th. Robert W. Baird initiated coverage on CSW Industrials in a report on Tuesday, February 17th. They issued an “outperform” rating and a $378.00 price objective for the company. Truist Financial raised their target price on CSW Industrials from $292.00 to $301.00 and gave the company a “hold” rating in a research report on Monday, April 20th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of CSW Industrials in a research note on Wednesday, April 29th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, CSW Industrials has a consensus rating of “Moderate Buy” and an average price target 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.