Congress Asset Management Co. Takes $65 Million Position in CSW Industrials, Inc. $CSW

Congress Asset Management Co. acquired a new position in shares of CSW Industrials, Inc. (NYSE:CSW) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 221,450 shares of the basic materials company’s stock, valued at approximately $65,002,000. Congress Asset Management Co. owned 1.33% of CSW Industrials at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. SG Americas Securities LLC acquired a new stake in CSW Industrials in the 4th quarter valued at approximately $39,915,000. AQR Capital Management LLC boosted its position in CSW Industrials by 12.4% during the 1st quarter. AQR Capital Management LLC now owns 5,675 shares of the basic materials company’s stock worth $1,654,000 after acquiring an additional 624 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of CSW Industrials during the 4th quarter worth approximately $1,117,000. Avior Wealth Management LLC acquired a new stake in shares of CSW Industrials in the fourth quarter valued at approximately $807,000. Finally, Park Avenue Securities LLC acquired a new stake in shares of CSW Industrials in the fourth quarter valued at approximately $746,000. 82.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $328.64, for a total transaction of $328,640.00. Following the transaction, the chief executive officer owned 62,526 shares of the company’s stock, valued at $20,548,544.64. The trade was a 1.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Luke Alverson sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $316.02, for a total value of $158,010.00. Following the completion of the sale, the senior vice president owned 12,450 shares in the company, valued at $3,934,449. This represents a 3.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.30% of the stock is currently owned by corporate insiders.

CSW Industrials Price Performance

Shares of CSW opened at $260.97 on Tuesday. The company has a market cap of $4.30 billion, a price-to-earnings ratio of 34.61 and a beta of 0.81. CSW Industrials, Inc. has a 1-year low of $230.45 and a 1-year high of $338.90. The company’s fifty day simple moving average is $292.18 and its 200 day simple moving average is $276.43. The company has a current ratio of 2.36, a quick ratio of 0.97 and a debt-to-equity ratio of 0.72.

CSW Industrials (NYSE:CSW) last announced its quarterly earnings results on Thursday, January 29th. The basic materials company reported $1.42 EPS for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.51). CSW Industrials had a net margin of 12.64% and a return on equity of 14.55%. The firm had revenue of $232.99 million during the quarter, compared to analyst estimates of $249.36 million. On average, research analysts forecast that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 30th were issued a dividend of $0.27 per share. The ex-dividend date was Friday, January 30th. This represents a $1.08 dividend on an annualized basis and a yield of 0.4%. CSW Industrials’s dividend payout ratio (DPR) is presently 14.32%.

Analysts Set New Price Targets

CSW has been the subject of several recent research reports. Wells Fargo & Company reduced their target price on shares of CSW Industrials from $300.00 to $280.00 and set an “equal weight” rating for the company in a report on Monday, February 2nd. JPMorgan Chase & Co. upgraded shares of CSW Industrials from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $300.00 to $350.00 in a research note on Wednesday, December 3rd. Citigroup cut their price target on shares of CSW Industrials from $333.00 to $307.00 and set a “neutral” rating on the stock in a research report on Friday, January 30th. Jefferies Financial Group set a $350.00 price objective on shares of CSW Industrials in a research note on Wednesday, December 3rd. Finally, Robert W. Baird began coverage on CSW Industrials in a research report on Tuesday, February 17th. They issued an “outperform” rating and a $378.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $327.14.

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.