LPL Financial LLC Acquires 1,254 Shares of CSW Industrials, Inc. (NYSE:CSW)

LPL Financial LLC raised its holdings in CSW Industrials, Inc. (NYSE:CSW) by 9.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,299 shares of the basic materials company’s stock after buying an additional 1,254 shares during the quarter. LPL Financial LLC owned about 0.09% of CSW Industrials worth $4,168,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC grew its position in shares of CSW Industrials by 117.6% in the 1st quarter. GAMMA Investing LLC now owns 296 shares of the basic materials company’s stock worth $86,000 after buying an additional 160 shares during the last quarter. KBC Group NV lifted its stake in shares of CSW Industrials by 19.0% in the 1st quarter. KBC Group NV now owns 840 shares of the basic materials company’s stock valued at $245,000 after purchasing an additional 134 shares during the period. Fifth Third Bancorp lifted its stake in shares of CSW Industrials by 9.3% in the 1st quarter. Fifth Third Bancorp now owns 401 shares of the basic materials company’s stock valued at $117,000 after purchasing an additional 34 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of CSW Industrials by 13.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 60,449 shares of the basic materials company’s stock valued at $17,622,000 after purchasing an additional 7,348 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of CSW Industrials in the 4th quarter valued at approximately $18,197,000. 82.79% of the stock is currently owned by institutional investors.

Insider Transactions at CSW Industrials

In other news, Director Robert M. Swartz sold 200 shares of the business’s stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $301.38, for a total value of $60,276.00. Following the completion of the transaction, the director owned 12,719 shares in the company, valued at $3,833,252.22. The trade was a 1.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Don Sullivan sold 1,000 shares of the business’s stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $301.05, for a total value of $301,050.00. Following the completion of the transaction, the executive vice president owned 23,708 shares of the company’s stock, valued at $7,137,293.40. This represents a 4.05% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,609 shares of company stock valued at $1,381,198. Insiders own 1.30% of the company’s stock.

CSW Industrials Stock Down 6.7%

Shares of NYSE:CSW opened at $267.47 on Friday. The stock has a fifty day simple moving average of $290.60 and a two-hundred day simple moving average of $300.63. The stock has a market capitalization of $4.49 billion, a price-to-earnings ratio of 31.96 and a beta of 0.91. CSW Industrials, Inc. has a 12-month low of $241.99 and a 12-month high of $436.50. The company has a current ratio of 2.86, a quick ratio of 1.48 and a debt-to-equity ratio of 0.09.

CSW Industrials (NYSE:CSW) last announced its quarterly earnings data on Thursday, July 31st. The basic materials company reported $2.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.62 by $0.23. The business had revenue of $263.65 million during the quarter, compared to analysts’ expectations of $278.27 million. CSW Industrials had a return on equity of 13.78% and a net margin of 15.18%. On average, research analysts anticipate that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Friday, July 25th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.4%. CSW Industrials’s dividend payout ratio is currently 12.90%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Truist Financial set a $273.00 target price on CSW Industrials and gave the company a “hold” rating in a research note on Tuesday, August 5th. Wells Fargo & Company lowered their target price on CSW Industrials from $305.00 to $285.00 and set an “equal weight” rating for the company in a research note on Friday, August 1st. Finally, Citigroup raised their target price on CSW Industrials from $313.00 to $321.00 and gave the company a “neutral” rating in a research note on Friday, May 23rd. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $319.75.

CSW Industrials Profile

CSW Industrials, Inc operates as a diversified industrial company in the United States and internationally. It operates through three segments: Contractor Solutions, Engineered Building Solutions, and Specialized Reliability Solutions. The Contractor Solutions segment provides condensate pads, pans, pumps, switches, and traps; cements, diffusers, grilles, registers, solvents, thread sealants, and vents; line set covers; refrigerant caps; wire pulling head tools; electrical protection, chemical maintenance, and installation supplies for HVAC; ductless mini-split systems installation support tools and accessories; and drain waste and vent system products for use in HVAC/R, plumbing, general industrial, architecturally specified building products.