4,131 Shares in CSW Industrials, Inc. $CSW Acquired by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in CSW Industrials, Inc. (NYSE:CSW) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,131 shares of the basic materials company’s stock, valued at approximately $1,213,000.

Other large investors have also added to or reduced their stakes in the company. Danske Bank A S bought a new stake in CSW Industrials during the fourth quarter worth about $29,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in CSW Industrials in the fourth quarter worth approximately $31,000. Global Retirement Partners LLC purchased a new position in shares of CSW Industrials during the fourth quarter worth approximately $31,000. CWM LLC bought a new stake in shares of CSW Industrials in the 4th quarter worth approximately $32,000. Finally, Salomon & Ludwin LLC purchased a new stake in shares of CSW Industrials in the 4th quarter valued at $36,000. Hedge funds and other institutional investors own 82.79% of the company’s stock.

Insiders Place Their Bets

In other CSW Industrials news, CEO Joseph B. Armes sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $283.94, for a total transaction of $425,910.00. Following the completion of the transaction, the chief executive officer owned 70,600 shares of the company’s stock, valued at $20,046,164. This represents a 2.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Luke Alverson sold 1,007 shares of the stock in a transaction that occurred 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 sale, the senior vice president owned 12,450 shares of the company’s stock, valued at approximately $3,605,146.50. This trade represents a 7.48% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 5,180 shares of company stock valued at $1,465,478 over the last three months. Company insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CSW shares. Zacks Research raised shares of CSW Industrials from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. Citigroup cut their price target on shares of CSW Industrials from $307.00 to $304.00 and set a “neutral” rating for the company in a research report on Wednesday, May 27th. Truist Financial reduced their price objective on CSW Industrials from $301.00 to $300.00 and set a “hold” rating on the stock in a research note on Wednesday, May 27th. Robert W. Baird started coverage on CSW Industrials in a report on Tuesday, February 17th. They issued an “outperform” rating and a $378.00 price objective on the stock. Finally, Wells Fargo & Company boosted their target price 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. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, CSW Industrials has a consensus rating of “Moderate Buy” and an average target price of $328.57.

CSW Industrials Stock Up 0.4%

Shares of NYSE CSW opened at $267.42 on Tuesday. The firm’s fifty day moving average is $276.59 and its 200 day moving average is $287.33. CSW Industrials, Inc. has a 52 week low of $230.45 and a 52 week 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 company has a market cap of $4.36 billion, a price-to-earnings ratio of 40.03 and a beta of 0.84.

CSW Industrials (NYSE:CSW) last announced its quarterly earnings results on Tuesday, May 26th. The basic materials company reported $3.14 earnings per share for the quarter, beating the consensus estimate of $2.34 by $0.80. The business had revenue of $308.96 million during the quarter. CSW Industrials had a net margin of 10.35% and a return on equity of 15.91%. CSW Industrials’s quarterly revenue was up 34.0% on a year-over-year basis. On average, equities research analysts expect that CSW Industrials, Inc. will post 12.52 earnings per share for the current year.

CSW Industrials Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, April 24th were issued a dividend of $0.30 per share. This is an increase from CSW Industrials’s previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Friday, April 24th. CSW Industrials’s dividend payout ratio (DPR) is currently 17.96%.

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.