CSW Industrials, Inc. $CSW Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC raised its holdings in shares of CSW Industrials, Inc. (NYSE:CSW) by 12.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,276 shares of the basic materials company’s stock after purchasing an additional 480 shares during the quarter. HighTower Advisors LLC’s holdings in CSW Industrials were worth $1,246,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in CSW Industrials by 517.6% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 105 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 88 shares in the last quarter. Versant Capital Management Inc grew its stake in CSW Industrials by 526.3% during the 1st quarter. Versant Capital Management Inc now owns 119 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 100 shares in the last quarter. Whittier Trust Co. acquired a new stake in CSW Industrials during the 1st quarter valued at approximately $59,000. GAMMA Investing LLC grew its stake in CSW Industrials by 117.6% during the 1st quarter. GAMMA Investing LLC now owns 296 shares of the basic materials company’s stock valued at $86,000 after purchasing an additional 160 shares in the last quarter. Finally, Archer Investment Corp acquired a new stake in CSW Industrials during the 1st quarter valued at approximately $87,000. Institutional investors and hedge funds own 82.79% of the company’s stock.

Insider Buying and Selling

In related news, EVP James E. Perry sold 145 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $275.05, for a total transaction of $39,882.25. Following the completion of the transaction, the executive vice president owned 25,178 shares in the company, valued at $6,925,208.90. The trade was a 0.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Don Sullivan sold 1,067 shares of the business’s stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $283.14, for a total value of $302,110.38. Following the transaction, the executive vice president owned 22,641 shares of the company’s stock, valued at $6,410,572.74. This represents a 4.50% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,757 shares of company stock worth $1,351,753. 1.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

CSW Industrials Trading Down 2.3%

NYSE:CSW opened at $266.28 on Tuesday. CSW Industrials, Inc. has a 12-month low of $241.99 and a 12-month high of $436.50. The firm has a market capitalization of $4.47 billion, a P/E ratio of 31.81 and a beta of 0.91. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.86 and a quick ratio of 1.48. The business has a 50 day simple moving average of $284.76 and a 200 day simple moving average of $296.89.

CSW Industrials (NYSE:CSW) last released 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. CSW Industrials had a return on equity of 13.78% and a net margin of 15.18%.The business had revenue of $263.65 million during the quarter, compared to analyst estimates of $278.27 million. Equities research analysts predict that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Friday, July 25th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.4%. CSW Industrials’s dividend payout ratio is currently 12.90%.

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.