Sovereign s Capital Management LLC Buys Shares of 3,721 CSW Industrials, Inc. $CSW

Sovereign s Capital Management LLC bought a new stake in shares of CSW Industrials, Inc. (NYSE:CSW) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,721 shares of the basic materials company’s stock, valued at approximately $1,092,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Arax Advisory Partners bought a new stake in shares of CSW Industrials during the fourth quarter valued at approximately $28,000. Danske Bank A S bought a new stake in shares of CSW Industrials during the fourth quarter valued at approximately $29,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of CSW Industrials during the fourth quarter valued at approximately $31,000. Global Retirement Partners LLC bought a new stake in shares of CSW Industrials during the fourth quarter valued at approximately $31,000. Finally, CWM LLC bought a new stake in shares of CSW Industrials during the fourth quarter valued at approximately $32,000. Institutional investors own 82.79% of the company’s stock.

Insider Buying and Selling

In related news, SVP Luke Alverson sold 1,007 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $289.57, for a total value of $291,596.99. Following the sale, the senior vice president owned 12,450 shares in the company, valued at approximately $3,605,146.50. This trade represents a 7.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Joseph B. Armes sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $279.52, for a total transaction of $419,280.00. Following the completion of the sale, the chief executive officer owned 69,100 shares in the company, valued at $19,314,832. This represents a 2.12% 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. Over the last quarter, insiders have sold 6,680 shares of company stock worth $1,884,758. 1.30% of the stock is owned by insiders.

CSW Industrials Trading Up 0.9%

Shares of CSW stock opened at $275.11 on Wednesday. CSW Industrials, Inc. has a 12-month low of $230.45 and a 12-month high of $337.02. The company has a current ratio of 2.60, a quick ratio of 1.23 and a debt-to-equity ratio of 0.80. The firm’s 50 day moving average is $278.00 and its 200 day moving average is $288.00. The stock has a market capitalization of $4.49 billion, a P/E ratio of 41.18 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 (EPS) for the quarter, topping the consensus estimate of $2.34 by $0.80. CSW Industrials had a net margin of 10.35% and a return on equity of 15.91%. The company had revenue of $308.96 million for the quarter. The business’s quarterly revenue was up 34.0% compared to the same quarter last year. Research analysts expect that CSW Industrials, Inc. will post 12.52 earnings per share for the current year.

CSW Industrials Increases Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Truist Financial reduced their price target on shares of CSW Industrials from $301.00 to $300.00 and set a “hold” rating for the company in a research report on Wednesday, May 27th. Zacks Research raised shares of CSW Industrials from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. Robert W. Baird assumed coverage on shares of CSW Industrials in a research report on Tuesday, February 17th. They set an “outperform” rating and a $378.00 price target for the company. Weiss Ratings raised shares of CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Finally, 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. Three equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, CSW Industrials currently has an average rating of “Moderate Buy” and a consensus price target 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.