Bessemer Group Inc. Has $11.67 Million Stake in CSW Industrials, Inc. $CSW

Bessemer Group Inc. reduced its position in CSW Industrials, Inc. (NYSE:CSW) by 57.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,780 shares of the basic materials company’s stock after selling 59,920 shares during the quarter. Bessemer Group Inc. owned approximately 0.27% of CSW Industrials worth $11,669,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. bought a new stake in CSW Industrials in the 4th quarter valued at $515,553,000. Capital World Investors bought a new position in shares of CSW Industrials during the 4th quarter worth about $308,934,000. Wasatch Advisors LP lifted its holdings in shares of CSW Industrials by 31.1% during the 1st quarter. Wasatch Advisors LP now owns 873,659 shares of the basic materials company’s stock worth $227,658,000 after acquiring an additional 207,186 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of CSW Industrials during the 4th quarter valued at about $237,891,000. Finally, Morgan Stanley acquired a new stake in shares of CSW Industrials during the 4th quarter valued at about $196,549,000. Institutional investors and hedge funds own 82.79% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on CSW shares. Weiss Ratings lowered shares of CSW Industrials from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, July 14th. Citigroup decreased their price objective on CSW Industrials from $307.00 to $304.00 and set a “neutral” rating on the stock in a report on Wednesday, May 27th. Wells Fargo & Company upped their price objective on CSW Industrials from $280.00 to $285.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 27th. Truist Financial increased their target price on CSW Industrials from $300.00 to $313.00 and gave the stock a “hold” rating in a report on Thursday, July 2nd. Finally, Zacks Research upgraded CSW Industrials from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. Three equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $330.43.

CSW Industrials Trading Down 0.1%

Shares of CSW stock opened at $279.11 on Monday. The company has a market capitalization of $4.55 billion, a P/E ratio of 41.78 and a beta of 0.84. CSW Industrials, Inc. has a 12-month low of $230.45 and a 12-month high of $337.02. The company has a quick ratio of 1.23, a current ratio of 2.60 and a debt-to-equity ratio of 0.80. The firm has a 50-day moving average price of $274.66 and a 200 day moving average price of $284.38.

CSW Industrials (NYSE:CSW) last issued its quarterly earnings data on Tuesday, May 26th. The basic materials company reported $3.14 earnings per share for the quarter, topping the consensus estimate of $2.34 by $0.80. The firm had revenue of $308.96 million for the quarter. CSW Industrials had a net margin of 10.35% and a return on equity of 15.91%. The firm’s revenue for the quarter was up 34.0% compared to the same quarter last year. Research analysts forecast that CSW Industrials, Inc. will post 12.52 earnings per share for the current fiscal year.

CSW Industrials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be given a dividend of $0.30 per share. The ex-dividend date is Friday, July 31st. This represents a $1.20 dividend on an annualized basis and a yield of 0.4%. CSW Industrials’s dividend payout ratio is 17.96%.

Insider Buying and Selling

In related news, CEO Joseph B. Armes sold 1,500 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $279.52, for a total transaction of $419,280.00. Following the completion of the sale, the chief executive officer directly owned 69,100 shares of the company’s stock, valued at $19,314,832. This trade represents a 2.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Luke Alverson sold 1,007 shares of the business’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $289.57, for a total value of $291,596.99. Following the completion of the transaction, the senior vice president directly owned 12,450 shares in the company, valued at approximately $3,605,146.50. This represents a 7.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 4,007 shares of company stock worth $1,136,787. 1.30% of the stock is owned by corporate insiders.

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.