4,154 Shares in CSW Industrials, Inc. $CSW Acquired by Virtu Financial LLC

Virtu Financial LLC purchased a new stake in shares of CSW Industrials, Inc. (NYSE:CSW) in the fourth quarter, Holdings Channel.com reports. The fund purchased 4,154 shares of the basic materials company’s stock, valued at approximately $1,219,000.

Other institutional investors have also recently bought and sold shares of the company. Arax Advisory Partners acquired a new position in CSW Industrials in the fourth quarter worth $28,000. Danske Bank A S bought a new stake in shares of CSW Industrials during the fourth quarter worth $29,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of CSW Industrials during the fourth quarter worth $31,000. Global Retirement Partners LLC acquired a new stake in shares of CSW Industrials in the fourth quarter valued at $31,000. Finally, CWM LLC acquired a new stake in shares of CSW Industrials in the fourth quarter valued at $32,000. Institutional investors own 82.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CSW. Zacks Research raised CSW Industrials from a “hold” rating to a “strong-buy” rating in a report on Monday, June 8th. Citigroup lowered their price objective 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 dropped their target price on shares of CSW Industrials from $301.00 to $300.00 and set a “hold” rating for the company in a research note on Wednesday, May 27th. Weiss Ratings upgraded shares of CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Finally, Wells Fargo & Company increased their price target on shares of CSW Industrials from $280.00 to $285.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 27th. Three equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, CSW Industrials has an average rating of “Moderate Buy” and an average price target of $328.57.

Insider Buying and Selling

In other CSW Industrials news, CEO Joseph B. Armes sold 1,500 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer owned 69,100 shares of the company’s stock, valued at $19,314,832. The trade was a 2.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 shares were 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 directly owned 12,450 shares of the company’s stock, valued at approximately $3,605,146.50. The trade was 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. Over the last quarter, insiders have sold 6,680 shares of company stock worth $1,884,758. Corporate insiders own 1.30% of the company’s stock.

CSW Industrials Price Performance

Shares of NYSE CSW opened at $279.74 on Friday. The firm has a market cap of $4.57 billion, a PE ratio of 41.88 and a beta of 0.84. The company has a current ratio of 2.60, a quick ratio of 1.23 and a debt-to-equity ratio of 0.80. CSW Industrials, Inc. has a 1-year low of $230.45 and a 1-year high of $337.02. The company has a fifty day moving average price of $278.43 and a 200 day moving average price of $287.99.

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

CSW Industrials Increases Dividend

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

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.