Port Capital LLC Takes $1.39 Million Position in CSW Industrials, Inc. $CSW

Port Capital LLC bought a new position in shares of CSW Industrials, Inc. (NYSE:CSW) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 5,000 shares of the basic materials company’s stock, valued at approximately $1,392,000.

Several other large investors also recently modified their holdings of CSW. Whittier Trust Co. raised its position in CSW Industrials by 24.8% during the 1st quarter. Whittier Trust Co. now owns 252 shares of the basic materials company’s stock valued at $67,000 after purchasing an additional 50 shares during the last quarter. Sanctuary Advisors LLC lifted its holdings in CSW Industrials by 8.1% in the 4th quarter. Sanctuary Advisors LLC now owns 984 shares of the basic materials company’s stock worth $289,000 after buying an additional 74 shares during the period. Arax Advisory Partners bought a new stake in shares of CSW Industrials in the 4th quarter worth approximately $28,000. Danske Bank A S bought a new stake in shares of CSW Industrials in the 4th quarter worth approximately $29,000. Finally, Valley Wealth Managers Inc. purchased a new position in shares of CSW Industrials during the first quarter valued at approximately $26,000. 82.79% of the stock is owned by institutional investors.

Insider Transactions at CSW Industrials

In related news, EVP Jeff Underwood sold 720 shares of CSW Industrials stock in a transaction dated 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 directly owned 6,409 shares of the company’s stock, valued at $2,223,666.64. This trade represents a 10.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Joseph B. Armes sold 1,500 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $279.52, for a total transaction of $419,280.00. Following the sale, the chief executive officer directly owned 69,100 shares in the company, valued at $19,314,832. The trade was a 2.12% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on CSW shares. Truist Financial raised their price target on CSW Industrials from $313.00 to $332.00 and gave the stock a “hold” rating in a research note on Monday, August 3rd. Citigroup upped their price objective on shares of CSW Industrials from $304.00 to $340.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Zacks Research cut shares of CSW Industrials from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. JPMorgan Chase & Co. lifted their target price on shares of CSW Industrials from $350.00 to $380.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Finally, Weiss Ratings upgraded shares of CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 3rd. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $347.57.

CSW Industrials Trading Down 0.3%

NYSE CSW opened at $321.85 on Thursday. The firm has a market capitalization of $5.24 billion, a PE ratio of 44.15 and a beta of 0.83. The stock’s 50 day moving average is $303.42 and its 200 day moving average is $287.58. CSW Industrials, Inc. has a twelve month low of $230.45 and a twelve month high of $355.48. The company has a quick ratio of 1.36, a current ratio of 2.70 and a debt-to-equity ratio of 0.77.

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

CSW Industrials Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were given a $0.30 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.4%. CSW Industrials’s dividend payout ratio is currently 16.46%.

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.