Riverbridge Partners LLC Acquires New Holdings in CSW Industrials, Inc. $CSW

Riverbridge Partners LLC bought a new position in CSW Industrials, Inc. (NYSE:CSW) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 130,412 shares of the basic materials company’s stock, valued at approximately $38,280,000. Riverbridge Partners LLC owned approximately 0.78% of CSW Industrials at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CSW. Integrated Wealth Concepts LLC raised 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 worth $283,000 after buying an additional 162 shares in the last quarter. GAMMA Investing LLC purchased a new stake in shares of CSW Industrials in the 4th quarter valued at about $50,000. Harbor Investment Advisory LLC bought a new stake in shares of CSW Industrials during the 4th quarter valued at about $92,000. AQR Capital Management LLC grew its holdings in shares of CSW Industrials by 12.4% during the first quarter. AQR Capital Management LLC now owns 5,675 shares of the basic materials company’s stock worth $1,654,000 after purchasing an additional 624 shares in the last quarter. Finally, Hilltop National Bank bought a new position in shares of CSW Industrials in the fourth quarter worth approximately $200,000. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Darron K. Ash acquired 300 shares of the firm’s stock in a transaction on Friday, March 13th. The shares were purchased at an average price of $256.62 per share, for a total transaction of $76,986.00. Following the completion of the transaction, the director owned 1,155 shares of the company’s stock, valued at $296,396.10. The trade was a 35.09% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Luke Alverson sold 500 shares of the stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $316.02, for a total transaction of $158,010.00. Following the sale, the senior vice president owned 12,450 shares of the company’s stock, valued at approximately $3,934,449. This represents a 3.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of CSW Industrials in a research note on Monday, December 29th. Truist Financial upped their target price on shares of CSW Industrials from $271.00 to $292.00 and gave the stock a “hold” rating in a research report on Monday, February 2nd. Citigroup lowered their price target on CSW Industrials from $333.00 to $307.00 and set a “neutral” rating on the stock in a research report on Friday, January 30th. 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 report on Monday, February 2nd. Finally, JPMorgan Chase & Co. raised CSW Industrials from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $300.00 to $350.00 in a report on Wednesday, December 3rd. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $327.14.

CSW Industrials Trading Down 4.1%

Shares of CSW stock opened at $258.44 on Friday. The business has a 50-day moving average of $288.72 and a 200 day moving average of $276.27. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.36 and a quick ratio of 0.97. CSW Industrials, Inc. has a 1-year low of $230.45 and a 1-year high of $338.90. The stock has a market capitalization of $4.26 billion, a PE ratio of 34.28 and a beta of 0.81.

CSW Industrials (NYSE:CSW) last announced its quarterly earnings data on Thursday, January 29th. The basic materials company reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.93 by ($0.51). The company had revenue of $232.99 million during the quarter, compared to the consensus estimate of $249.36 million. CSW Industrials had a net margin of 12.64% and a return on equity of 14.55%. As a group, sell-side analysts anticipate that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Dividend Announcement

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