Assenagon Asset Management S.A. Buys Shares of 2,510 CSW Industrials, Inc. $CSW

Assenagon Asset Management S.A. purchased a new position in CSW Industrials, Inc. (NYSE:CSW) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,510 shares of the basic materials company’s stock, valued at approximately $737,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Avior Wealth Management LLC purchased a new position in shares of CSW Industrials during the 4th quarter valued at about $807,000. Argent Capital Management LLC bought a new position in shares of CSW Industrials in the fourth quarter worth approximately $601,000. Park Avenue Securities LLC purchased a new stake in shares of CSW Industrials in the fourth quarter worth $746,000. Harbor Investment Advisory LLC bought a new position in CSW Industrials in the 4th quarter worth $92,000. Finally, Hilltop National Bank purchased a new stake in CSW Industrials in the 4th quarter worth $200,000. Hedge funds and other institutional investors own 82.79% of the company’s stock.

Insider Activity at CSW Industrials

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 transaction of $328,640.00. Following the transaction, the chief executive officer owned 62,526 shares of the company’s stock, valued at approximately $20,548,544.64. This trade represents a 1.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Luke Alverson sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $316.02, for a total transaction of $158,010.00. Following the completion of the sale, the senior vice president directly owned 12,450 shares of the company’s stock, valued at $3,934,449. The trade was 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 owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. CJS Securities upgraded CSW Industrials to a “strong-buy” rating in a research report on Thursday, December 11th. Weiss Ratings reiterated a “hold (c+)” rating on shares of CSW Industrials in a research note on Monday, December 29th. Wells Fargo & Company cut their price objective on CSW Industrials from $300.00 to $280.00 and set an “equal weight” rating for the company in a research report on Monday, February 2nd. Robert W. Baird started coverage on CSW Industrials in a report on Tuesday, February 17th. They set an “outperform” rating and a $378.00 price objective on the stock. Finally, JPMorgan Chase & Co. upgraded CSW Industrials from a “neutral” rating to an “overweight” rating and increased their target price for the company from $300.00 to $350.00 in a research report on Wednesday, December 3rd. Two 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 given a Sell rating to the company’s stock. According to data from MarketBeat, CSW Industrials currently has an average rating of “Hold” and an average price target of $327.14.

CSW Industrials Price Performance

CSW Industrials stock opened at $260.62 on Thursday. The firm has a market capitalization of $4.29 billion, a PE ratio of 34.56 and a beta of 0.84. The firm has a 50-day moving average price of $283.38 and a 200-day moving average price of $276.58. CSW Industrials, Inc. has a 12-month low of $230.45 and a 12-month high of $338.90. 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 issued its quarterly earnings results on Thursday, January 29th. The basic materials company reported $1.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.51). The business 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%. As a group, equities research analysts forecast that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Dividend Announcement

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

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.