Azzad Asset Management Inc. ADV Takes Position in CSW Industrials, Inc. $CSW

Azzad Asset Management Inc. ADV bought a new stake in CSW Industrials, Inc. (NYSE:CSW) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,481 shares of the basic materials company’s stock, valued at approximately $1,022,000.

Several other institutional investors have also modified their holdings of the stock. Integrated Wealth Concepts LLC grew its position in shares of CSW Industrials by 20.0% in the first quarter. Integrated Wealth Concepts LLC now owns 970 shares of the basic materials company’s stock valued at $283,000 after purchasing an additional 162 shares during the period. GAMMA Investing LLC purchased a new position in shares of CSW Industrials in the fourth quarter valued at approximately $50,000. Blue Trust Inc. purchased a new position in shares of CSW Industrials in the fourth quarter valued at approximately $57,000. Nisa Investment Advisors LLC purchased a new position in shares of CSW Industrials in the fourth quarter valued at approximately $76,000. Finally, Harbor Investment Advisory LLC purchased a new position in shares of CSW Industrials in the fourth quarter valued at approximately $92,000. Institutional investors and hedge funds own 82.79% of the company’s stock.

Analyst Ratings Changes

CSW has been the topic of several research reports. CJS Securities upgraded CSW Industrials to a “strong-buy” rating in a research report on Thursday, December 11th. Weiss Ratings restated a “hold (c+)” rating on shares of CSW Industrials in a research report on Monday, December 29th. Zacks Research downgraded CSW Industrials from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th. Truist Financial increased their target price on shares of CSW Industrials from $271.00 to $292.00 and gave the company a “hold” rating in a research report on Monday, February 2nd. Finally, The Goldman Sachs Group increased their target price on shares of CSW Industrials from $302.00 to $333.00 and gave the company a “neutral” rating in a research report on Tuesday, January 13th. Two investment 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. According to data from MarketBeat, CSW Industrials presently has a consensus rating of “Hold” and a consensus price target of $327.14.

Insiders Place Their Bets

In other CSW Industrials news, Director Darron K. Ash acquired 300 shares of the firm’s stock in a transaction that occurred on 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 completion of the acquisition, the director owned 1,155 shares of the company’s stock, valued at approximately $296,396.10. The trade was a 35.09% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Joseph B. Armes sold 1,000 shares of the 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 completion of 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 disclosure for this sale is available in the SEC filing. Insiders have sold 2,507 shares of company stock valued at $754,623 over the last ninety days. Company insiders own 1.30% of the company’s stock.

CSW Industrials Price Performance

CSW stock opened at $265.89 on Wednesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.36 and a quick ratio of 0.97. The business has a 50 day simple moving average of $278.79 and a 200-day simple moving average of $277.14. The firm has a market capitalization of $4.38 billion, a PE ratio of 35.26 and a beta of 0.84. CSW Industrials, Inc. has a 1 year low of $230.45 and a 1 year high of $338.90.

CSW Industrials (NYSE:CSW) last posted 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 company had revenue of $232.99 million during the quarter, compared to analysts’ expectations of $249.36 million. CSW Industrials had a net margin of 12.64% and a return on equity of 14.55%. Equities research analysts anticipate that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Friday, April 24th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.5%. This is a boost from CSW Industrials’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, April 24th. 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.