Oppenheimer Asset Management Inc. Purchases Shares of 14,518 CSW Industrials, Inc. $CSW

Oppenheimer Asset Management Inc. purchased a new stake in shares of CSW Industrials, Inc. (NYSE:CSW) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 14,518 shares of the basic materials company’s stock, valued at approximately $4,040,000.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. bought a new stake in shares of CSW Industrials during the 4th quarter worth $515,553,000. Capital World Investors bought a new position in CSW Industrials in the 4th quarter worth $308,934,000. Northwestern Mutual Wealth Management Co. acquired a new position in CSW Industrials during the 4th quarter worth $237,891,000. Morgan Stanley acquired a new position in CSW Industrials during the 4th quarter worth $196,549,000. Finally, Wasatch Advisors LP acquired a new position in CSW Industrials during the 4th quarter worth $195,630,000. Institutional investors own 82.79% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CSW shares. Wells Fargo & Company raised their price target on CSW Industrials from $285.00 to $320.00 and gave the company an “equal weight” rating in a research report on Friday, July 31st. Zacks Research cut CSW Industrials from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Truist Financial boosted their price objective on CSW Industrials from $313.00 to $332.00 and gave the stock a “hold” rating in a research report on Monday, August 3rd. Citigroup increased their target price on CSW Industrials from $304.00 to $340.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Finally, JPMorgan Chase & Co. raised their target price on CSW Industrials from $350.00 to $380.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, CSW Industrials has an average rating of “Moderate Buy” and a consensus price target of $347.57.

CSW Industrials Price Performance

Shares of CSW stock opened at $345.05 on Friday. CSW Industrials, Inc. has a 12 month low of $230.45 and a 12 month high of $355.48. The company has a market capitalization of $5.62 billion, a P/E ratio of 47.33 and a beta of 0.83. The stock has a 50 day moving average of $294.44 and a two-hundred day moving average of $284.99. The company has a current ratio of 2.70, a quick ratio of 1.36 and a debt-to-equity ratio of 0.77.

CSW Industrials (NYSE:CSW) last released its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.66 by $0.18. The business had revenue of $350.65 million for the quarter. CSW Industrials had a return on equity of 17.41% and a net margin of 10.34%.The business’s revenue was up 33.0% compared to the same quarter last year. As a group, equities analysts expect that CSW Industrials, Inc. will post 12.77 EPS for the current year.

CSW Industrials Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were paid a dividend of $0.30 per share. The ex-dividend date was Friday, July 31st. This represents a $1.20 dividend on an annualized basis and a yield of 0.3%. CSW Industrials’s payout ratio is currently 16.46%.

Insider Buying and Selling at CSW Industrials

In other news, CEO Joseph B. Armes sold 1,500 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $279.52, for a total value of $419,280.00. Following the completion of the transaction, the chief executive officer owned 69,100 shares in the company, valued at approximately $19,314,832. This represents a 2.12% decrease in their position. The sale was disclosed in a filing 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, EVP Jeff Underwood sold 720 shares of the stock in a transaction on Monday, August 10th. The shares were sold at an average price of $346.96, for a total transaction of $249,811.20. Following the completion of the transaction, the executive vice president owned 6,409 shares of the company’s stock, valued at approximately $2,223,666.64. This represents a 10.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 3,720 shares of company stock worth $1,095,001 in the last three months. Insiders own 1.20% of the company’s stock.

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.