Cetera Investment Advisers Raises Stake in CSW Industrials, Inc. $CSW

Cetera Investment Advisers grew its stake in shares of CSW Industrials, Inc. (NYSE:CSW) by 31.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,165 shares of the basic materials company’s stock after purchasing an additional 281 shares during the quarter. Cetera Investment Advisers’ holdings in CSW Industrials were worth $340,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. GAMMA Investing LLC raised its holdings in CSW Industrials by 63,348.5% in the first quarter. GAMMA Investing LLC now owns 86,290 shares of the basic materials company’s stock worth $25,155,000 after purchasing an additional 86,154 shares in the last quarter. Conestoga Capital Advisors LLC increased its holdings in shares of CSW Industrials by 5.1% during the first quarter. Conestoga Capital Advisors LLC now owns 603,277 shares of the basic materials company’s stock valued at $175,867,000 after acquiring an additional 29,285 shares in the last quarter. Fred Alger Management LLC increased its holdings in CSW Industrials by 103.4% in the 4th quarter. Fred Alger Management LLC now owns 56,851 shares of the basic materials company’s stock worth $20,057,000 after buying an additional 28,897 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in CSW Industrials by 111.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 51,306 shares of the basic materials company’s stock worth $18,101,000 after buying an additional 27,042 shares in the last quarter. Finally, Tudor Investment Corp ET AL bought a new stake in CSW Industrials in the 4th quarter worth about $7,815,000. Hedge funds and other institutional investors own 82.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Truist Financial set a $273.00 price target on CSW Industrials and gave the company a “hold” rating in a research note on Tuesday, August 5th. Citigroup boosted their price target on CSW Industrials from $313.00 to $321.00 and gave the stock a “neutral” rating in a report on Friday, May 23rd. Finally, Wells Fargo & Company lowered their price target on CSW Industrials from $305.00 to $285.00 and set an “equal weight” rating on the stock in a report on Friday, August 1st. Four research 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 price target of $319.75.

CSW Industrials Price Performance

CSW opened at $264.68 on Wednesday. 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. The business’s fifty day simple moving average is $287.99 and its 200-day simple moving average is $298.72. The company has a market capitalization of $4.45 billion, a price-to-earnings ratio of 31.62 and a beta of 0.91.

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

CSW Industrials Announces Dividend

The company also recently disclosed 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 payout ratio is 12.90%.

Insider Activity at CSW Industrials

In related news, SVP Luke Alverson sold 919 shares of CSW Industrials stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $305.49, for a total transaction of $280,745.31. Following the completion of the transaction, the senior vice president directly owned 13,434 shares in the company, valued at approximately $4,103,952.66. This trade represents a 6.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP James E. Perry sold 145 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $275.05, for a total value of $39,882.25. Following the completion of the sale, the executive vice president directly owned 25,178 shares in the company, valued at approximately $6,925,208.90. The trade was a 0.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,676 shares of company stock valued at $1,942,668 in the last 90 days. 1.30% of the stock is currently owned by corporate insiders.

CSW Industrials Company 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.