2,122 Shares in CSW Industrials, Inc. $CSW Purchased by Commerce Bank

Commerce Bank purchased a new position in shares of CSW Industrials, Inc. (NYSE:CSW) during the second quarter, Holdings Channel reports. The firm purchased 2,122 shares of the basic materials company’s stock, valued at approximately $591,000.

Several other institutional investors also recently bought and sold shares of the business. Valley Wealth Managers Inc. purchased a new stake in shares of CSW Industrials in the first quarter valued at approximately $26,000. Arax Advisory Partners acquired a new position in shares of CSW Industrials during the 4th quarter worth approximately $28,000. Danske Bank A S purchased a new position in shares of CSW Industrials during the 4th quarter valued at approximately $29,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in CSW Industrials in the 2nd quarter valued at $29,000. Finally, Global Retirement Partners LLC acquired a new stake in CSW Industrials in the 4th quarter valued at $31,000. 82.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on CSW shares. Zacks Research cut CSW Industrials from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Citigroup boosted their target price on shares of CSW Industrials from $304.00 to $340.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Wells Fargo & Company increased their price target on CSW Industrials from $285.00 to $320.00 and gave the stock an “equal weight” rating in a report on Friday, July 31st. JPMorgan Chase & Co. increased their price objective on shares of CSW Industrials from $350.00 to $380.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Finally, Weiss Ratings upgraded shares of CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $347.57.

CSW Industrials Price Performance

CSW opened at $319.15 on Friday. The stock’s 50-day moving average price is $304.20 and its 200 day moving average price is $287.79. CSW Industrials, Inc. has a 12-month low of $230.45 and a 12-month high of $355.48. The company has a current ratio of 2.70, a quick ratio of 1.36 and a debt-to-equity ratio of 0.77. The firm has a market cap of $5.20 billion, a price-to-earnings ratio of 43.78 and a beta of 0.83.

CSW Industrials (NYSE:CSW) last announced its earnings results on Thursday, July 30th. The basic materials company reported $3.84 EPS for the quarter, beating analysts’ consensus estimates of $3.66 by $0.18. The company had revenue of $350.65 million during the quarter. CSW Industrials had a return on equity of 17.41% and a net margin of 10.34%.The business’s revenue for the quarter was up 33.0% on a year-over-year basis. As a group, sell-side analysts expect that CSW Industrials, Inc. will post 12.77 earnings per share for the current year.

CSW Industrials Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Friday, July 31st. CSW Industrials’s dividend payout ratio is currently 16.46%.

Insider Activity at CSW Industrials

In related news, CEO Joseph B. Armes sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $279.52, for a total transaction of $419,280.00. Following the sale, the chief executive officer directly owned 69,100 shares of the company’s stock, valued at $19,314,832. This represents a 2.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jeff Underwood sold 720 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $346.96, for a total transaction of $249,811.20. Following the sale, the executive vice president directly owned 6,409 shares in the company, valued at approximately $2,223,666.64. The trade was a 10.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.20% of the company’s stock.

CSW Industrials 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.