Mechanics Bank Trust Department Buys New Holdings in CSW Industrials, Inc. $CSW

Mechanics Bank Trust Department purchased a new position in CSW Industrials, Inc. (NYSE:CSW) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,920 shares of the basic materials company’s stock, valued at approximately $564,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. GAMMA Investing LLC bought a new stake in shares of CSW Industrials during the fourth quarter valued at approximately $50,000. Harbor Investment Advisory LLC bought a new position in shares of CSW Industrials during the fourth quarter worth $92,000. Hilltop National Bank bought a new position in shares of CSW Industrials during the fourth quarter worth $200,000. Dakota Wealth Management purchased a new position in CSW Industrials during the fourth quarter valued at $201,000. Finally, Professional Advisory Services Inc. purchased a new position in CSW Industrials during the fourth quarter valued at $235,000. 82.79% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at CSW Industrials

In related news, SVP Luke Alverson sold 500 shares of CSW Industrials stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $316.02, for a total value of $158,010.00. Following the completion of the transaction, the senior vice president owned 12,450 shares in the company, valued at approximately $3,934,449. This trade represents a 3.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 value of $328,640.00. Following the sale, the chief executive officer directly owned 62,526 shares in the company, valued at $20,548,544.64. The trade was a 1.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.30% of the stock is owned by insiders.

Analyst Ratings Changes

CSW has been the topic of several research analyst reports. Citigroup decreased 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 note on Friday, January 30th. Weiss Ratings restated a “hold (c+)” rating on shares of CSW Industrials in a research report on Monday, December 29th. JPMorgan Chase & Co. raised CSW Industrials from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $300.00 to $350.00 in a report on Wednesday, December 3rd. Zacks Research downgraded CSW Industrials from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th. Finally, The Goldman Sachs Group increased 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. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, CSW Industrials has an average rating of “Hold” and a consensus target price of $327.14.

CSW Industrials Trading Down 0.1%

Shares of CSW opened at $263.70 on Monday. The stock has a market capitalization of $4.34 billion, a PE ratio of 34.97 and a beta of 0.81. The company’s fifty day moving average is $287.36 and its 200 day moving average is $276.59. 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, Inc. has a fifty-two week low of $230.45 and a fifty-two week high of $338.90.

CSW Industrials (NYSE:CSW) last released its quarterly earnings data on Thursday, January 29th. The basic materials company reported $1.42 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 business had revenue of $232.99 million for the quarter, compared to the consensus estimate of $249.36 million. Sell-side analysts expect that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Announces Dividend

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 $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 dividend yield of 0.4%. CSW Industrials’s dividend payout ratio (DPR) is presently 14.32%.

About CSW Industrials

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.