Sei Investments Co. Purchases 19,951 Shares of CSW Industrials, Inc. $CSW

Sei Investments Co. grew its position in CSW Industrials, Inc. (NYSE:CSW) by 32.4% during the 1st quarter, HoldingsChannel reports. The fund owned 81,603 shares of the basic materials company’s stock after purchasing an additional 19,951 shares during the period. Sei Investments Co.’s holdings in CSW Industrials were worth $21,264,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. AQR Capital Management LLC grew its holdings in 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 purchasing an additional 624 shares during the last quarter. Integrated Wealth Concepts LLC lifted its stake in CSW Industrials by 20.0% in the first 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 during the last quarter. GAMMA Investing LLC bought a new stake in CSW Industrials in the fourth quarter worth about $50,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of CSW Industrials during the fourth quarter valued at approximately $1,117,000. Finally, Assenagon Asset Management S.A. purchased a new position in shares of CSW Industrials during the fourth quarter valued at approximately $737,000. Institutional investors own 82.79% of the company’s stock.

CSW Industrials Price Performance

Shares of CSW stock opened at $298.87 on Wednesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.60 and a quick ratio of 1.23. The company has a market capitalization of $4.87 billion, a P/E ratio of 44.74 and a beta of 0.84. The company’s 50-day simple moving average is $278.13 and its two-hundred day simple moving average is $283.61. CSW Industrials, Inc. has a one year low of $230.45 and a one year high of $337.02.

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

CSW Industrials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a $1.20 annualized dividend and a yield of 0.4%. CSW Industrials’s dividend payout ratio is 17.96%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Zacks Research upgraded CSW Industrials from a “hold” rating to a “strong-buy” rating in a report on Monday, June 8th. Weiss Ratings cut CSW Industrials from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, July 14th. Wells Fargo & Company upped their price objective on CSW Industrials from $280.00 to $285.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 27th. Truist Financial increased their target price on CSW Industrials from $300.00 to $313.00 and gave the stock a “hold” rating in a research note on Thursday, July 2nd. Finally, Citigroup decreased their target price on 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 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 company. Based on data from MarketBeat, CSW Industrials presently has a consensus rating of “Moderate Buy” and an average target price of $330.43.

Insider Buying and Selling at CSW Industrials

In other CSW Industrials news, SVP Luke Alverson sold 1,007 shares of the company’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $289.57, for a total value of $291,596.99. Following the completion of the sale, the senior vice president directly owned 12,450 shares in the company, valued at approximately $3,605,146.50. This represents a 7.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 the company’s stock in a transaction on 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 $19,314,832. This represents a 2.12% 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 4,007 shares of company stock worth $1,136,787 over the last 90 days. 1.20% of the stock is currently owned by company insiders.

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.