2,046 Shares in CSW Industrials, Inc. $CSW Acquired by Argent Capital Management LLC

Argent Capital Management LLC bought a new position in shares of CSW Industrials, Inc. (NYSE:CSW) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,046 shares of the basic materials company’s stock, valued at approximately $601,000.

Other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC purchased a new position in shares of CSW Industrials in the fourth quarter worth $50,000. Integrated Wealth Concepts LLC grew its holdings in shares of CSW Industrials by 20.0% during the first quarter. Integrated Wealth Concepts LLC now owns 970 shares of the basic materials company’s stock valued at $283,000 after buying an additional 162 shares during the last quarter. Anderson Hoagland & Co. acquired a new position in shares of CSW Industrials in the 4th quarter valued at $365,000. Park Avenue Securities LLC purchased a new position in CSW Industrials in the 4th quarter worth $746,000. Finally, AQR Capital Management LLC raised its stake in CSW Industrials by 12.4% in 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. Institutional investors and hedge funds own 82.79% of the company’s stock.

Insiders Place Their Bets

In other CSW Industrials news, Director Darron K. Ash bought 300 shares of the company’s stock in a transaction dated Friday, March 13th. The shares were purchased at an average cost of $256.62 per share, for a total transaction of $76,986.00. Following the transaction, the director directly owned 1,155 shares of the company’s stock, valued at approximately $296,396.10. The trade was a 35.09% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Luke Alverson sold 500 shares of the business’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 of the company’s stock, valued at $3,934,449. This trade represents a 3.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on CSW shares. The Goldman Sachs Group boosted their price target on CSW Industrials from $302.00 to $333.00 and gave the company a “neutral” rating in a research note on Tuesday, January 13th. Citigroup reduced their price objective on CSW Industrials from $333.00 to $307.00 and set a “neutral” rating for the company in a research note on Friday, January 30th. Jefferies Financial Group set a $350.00 target price on CSW Industrials in a research report on Wednesday, December 3rd. CJS Securities upgraded shares of CSW Industrials to a “strong-buy” rating in a report on Thursday, December 11th. Finally, Zacks Research lowered shares of CSW Industrials from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $327.14.

CSW Industrials Price Performance

Shares of CSW opened at $262.87 on Friday. The business’s 50-day moving average is $294.56 and its two-hundred day moving average is $276.42. The company has a market capitalization of $4.33 billion, a P/E ratio of 34.86 and a beta of 0.81. CSW Industrials, Inc. has a fifty-two week low of $230.45 and a fifty-two week high of $338.90. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.97 and a current ratio of 2.36.

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

CSW Industrials Dividend Announcement

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

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.