Avior Wealth Management LLC Buys New Stake in CSW Industrials, Inc. $CSW

Avior Wealth Management LLC bought a new stake in shares of CSW Industrials, Inc. (NYSE:CSW) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,750 shares of the basic materials company’s stock, valued at approximately $807,000.

Other institutional investors also recently added to or reduced their stakes in the company. Argent Capital Management LLC acquired a new stake in CSW Industrials in the fourth quarter worth about $601,000. AQR Capital Management LLC increased its stake 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 valued at $1,654,000 after buying an additional 624 shares during the period. Integrated Wealth Concepts LLC raised its position in shares of CSW Industrials by 20.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 970 shares of the basic materials company’s stock worth $283,000 after buying an additional 162 shares in the last quarter. GAMMA Investing LLC bought a new stake in shares of CSW Industrials during the 4th quarter worth about $50,000. Finally, Park Avenue Securities LLC acquired a new stake in shares of CSW Industrials in the 4th quarter worth approximately $746,000. Institutional investors and hedge funds own 82.79% of the company’s stock.

Insider Buying and Selling

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $328.64, for a total value of $328,640.00. Following the completion of the transaction, the chief executive officer directly owned 62,526 shares in the company, valued at $20,548,544.64. This trade represents a 1.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Darron K. Ash bought 300 shares of the company’s stock in a transaction dated Friday, March 13th. The stock was purchased at an average cost of $256.62 per share, for a total transaction of $76,986.00. Following the completion of the transaction, the director owned 1,155 shares of the company’s stock, valued at $296,396.10. This represents a 35.09% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.30% of the stock is currently owned by company insiders.

CSW Industrials Trading Down 1.4%

CSW Industrials stock opened at $259.18 on Friday. The firm has a market cap of $4.27 billion, a price-to-earnings ratio of 34.37 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 firm’s 50 day moving average price is $293.36 and its two-hundred day moving average price is $276.38. 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 released its quarterly earnings data on Thursday, January 29th. The basic materials company reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.93 by ($0.51). The company had revenue of $232.99 million for the quarter, compared to the consensus estimate of $249.36 million. CSW Industrials had a return on equity of 14.55% and a net margin of 12.64%. On average, research analysts predict that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Truist Financial increased their price objective on shares of CSW Industrials from $271.00 to $292.00 and gave the company a “hold” rating in a report on Monday, February 2nd. Jefferies Financial Group set a $350.00 target price on CSW Industrials in a research report on Wednesday, December 3rd. Wells Fargo & Company decreased their price target on CSW Industrials from $300.00 to $280.00 and set an “equal weight” rating for the company in a research note on Monday, February 2nd. Robert W. Baird assumed coverage on CSW Industrials in a research report on Tuesday, February 17th. They set an “outperform” rating and a $378.00 price target on the stock. Finally, CJS Securities raised CSW Industrials to a “strong-buy” rating in a research note on Thursday, December 11th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $327.14.

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.