Grandeur Peak Global Advisors LLC Increases Stake in CSW Industrials, Inc. $CSW

Grandeur Peak Global Advisors LLC lifted its stake in shares of CSW Industrials, Inc. (NYSE:CSW) by 19.0% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 11,793 shares of the basic materials company’s stock after purchasing an additional 1,885 shares during the period. CSW Industrials comprises approximately 0.8% of Grandeur Peak Global Advisors LLC’s portfolio, making the stock its 27th largest holding. Grandeur Peak Global Advisors LLC’s holdings in CSW Industrials were worth $3,282,000 as of its most recent filing with the SEC.

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

CSW Industrials Trading Up 0.1%

Shares of CSW Industrials stock opened at $318.97 on Monday. The company has a current ratio of 2.70, a quick ratio of 1.36 and a debt-to-equity ratio of 0.77. The company has a fifty day simple moving average of $304.99 and a 200-day simple moving average of $287.90. The stock has a market cap of $5.20 billion, a price-to-earnings ratio of 43.75 and a beta of 0.83. CSW Industrials, Inc. has a 12-month low of $230.45 and a 12-month high of $355.48.

CSW Industrials (NYSE:CSW) last announced its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.84 EPS for the quarter, topping the consensus estimate of $3.66 by $0.18. CSW Industrials had a net margin of 10.34% and a return on equity of 17.41%. The firm had revenue of $350.65 million for the quarter. The company’s quarterly revenue was up 33.0% on a year-over-year basis. On average, equities analysts forecast that CSW Industrials, Inc. will post 12.77 EPS for the current fiscal year.

CSW Industrials Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were given 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 dividend yield of 0.4%. CSW Industrials’s payout ratio is 16.46%.

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, EVP Jeff Underwood sold 720 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $346.96, for a total value of $249,811.20. Following the completion of the sale, the executive vice president directly owned 6,409 shares of the company’s stock, valued at $2,223,666.64. This represents a 10.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joseph B. Armes sold 1,500 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer directly owned 69,100 shares of the company’s stock, valued at approximately $19,314,832. This trade 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. 1.20% of the stock is currently owned by insiders.

CSW Industrials 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.