CSW Industrials, Inc. $CSW Shares Sold by Cim LLC

Cim LLC lowered its stake in CSW Industrials, Inc. (NYSE:CSW) by 5.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,584 shares of the basic materials company’s stock after selling 84 shares during the quarter. Cim LLC’s holdings in CSW Industrials were worth $462,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Strs Ohio acquired a new position in CSW Industrials in the first quarter valued at about $1,312,000. Intech Investment Management LLC lifted its position in CSW Industrials by 22.9% in the first quarter. Intech Investment Management LLC now owns 9,537 shares of the basic materials company’s stock valued at $2,780,000 after buying an additional 1,774 shares during the last quarter. United Services Automobile Association acquired a new position in CSW Industrials in the first quarter valued at about $305,000. Fred Alger Management LLC lifted its position in CSW Industrials by 5.3% in the first quarter. Fred Alger Management LLC now owns 59,857 shares of the basic materials company’s stock valued at $17,450,000 after buying an additional 3,006 shares during the last quarter. Finally, Select Equity Group L.P. lifted its position in CSW Industrials by 620.6% in the first quarter. Select Equity Group L.P. now owns 38,180 shares of the basic materials company’s stock valued at $11,130,000 after buying an additional 32,882 shares during the last quarter. Institutional investors and hedge funds own 82.79% of the company’s stock.

CSW Industrials Stock Up 0.9%

Shares of CSW opened at $254.87 on Friday. The stock has a market capitalization of $4.28 billion, a PE ratio of 30.45 and a beta of 0.91. CSW Industrials, Inc. has a 1 year low of $241.99 and a 1 year high of $436.50. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.48 and a current ratio of 2.86. The company’s 50-day simple moving average is $274.38 and its 200-day simple moving average is $292.68.

CSW Industrials (NYSE:CSW) last issued its quarterly earnings results on Thursday, July 31st. The basic materials company reported $2.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.62 by $0.23. The business had revenue of $263.65 million for the quarter, compared to analysts’ expectations of $278.27 million. CSW Industrials had a net margin of 15.18% and a return on equity of 13.78%. Analysts forecast that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Friday, July 25th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.4%. CSW Industrials’s payout ratio is 12.90%.

Insider Activity

In related news, Director Robert M. Swartz sold 200 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $250.37, for a total transaction of $50,074.00. Following the sale, the director directly owned 12,319 shares in the company, valued at approximately $3,084,308.03. This represents a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP James E. Perry sold 145 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $275.05, for a total transaction of $39,882.25. Following the sale, the executive vice president owned 25,178 shares in the company, valued at $6,925,208.90. The trade was a 0.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,412 shares of company stock valued at $1,247,397 over the last three months. 1.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have commented on CSW. Citigroup upped their target price on shares of CSW Industrials from $313.00 to $321.00 and gave the company a “neutral” rating in a research report on Friday, May 23rd. Wells Fargo & Company decreased their target price on shares of CSW Industrials from $305.00 to $285.00 and set an “equal weight” rating on the stock in a research report on Friday, August 1st. Zacks Research raised shares of CSW Industrials from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 2nd. Finally, Truist Financial set a $273.00 price target on shares of CSW Industrials and gave the stock a “hold” rating in a research report on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $319.75.

CSW Industrials Company Profile

CSW Industrials, Inc operates as a diversified industrial company in the United States and internationally. It operates through three segments: Contractor Solutions, Engineered Building Solutions, and Specialized Reliability Solutions. The Contractor Solutions segment provides condensate pads, pans, pumps, switches, and traps; cements, diffusers, grilles, registers, solvents, thread sealants, and vents; line set covers; refrigerant caps; wire pulling head tools; electrical protection, chemical maintenance, and installation supplies for HVAC; ductless mini-split systems installation support tools and accessories; and drain waste and vent system products for use in HVAC/R, plumbing, general industrial, architecturally specified building products.