42,405 Shares in CSW Industrials, Inc. $CSW Acquired by Legal & General Group Plc

Legal & General Group Plc bought a new position in shares of CSW Industrials, Inc. (NYSE:CSW) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 42,405 shares of the basic materials company’s stock, valued at approximately $12,471,000.

Other large investors have also recently modified their holdings of the company. B. Metzler seel. Sohn & Co. AG bought a new position in CSW Industrials during the 4th quarter worth $3,635,000. Nicholas Company Inc. bought a new stake in shares of CSW Industrials in the 4th quarter valued at about $3,290,000. 1900 Wealth Management LLC bought a new stake in shares of CSW Industrials in the 4th quarter valued at about $5,363,000. Jacobson & Schmitt Advisors LLC acquired a new stake in shares of CSW Industrials in the fourth quarter valued at about $18,341,000. Finally, Harbor Capital Advisors Inc. acquired a new stake in shares of CSW Industrials in the fourth quarter valued at about $2,359,000. Institutional investors own 82.79% of the company’s stock.

Insider Activity

In other CSW Industrials news, Director Darron K. Ash purchased 300 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The stock was bought at an average cost of $256.62 per share, with a total value 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 position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 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 sale, the senior vice president directly owned 12,450 shares of the company’s stock, valued at $3,605,146.50. The trade was a 7.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 5,180 shares of company stock worth $1,465,478. Corporate insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

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

CSW Industrials Stock Up 1.6%

CSW Industrials stock opened at $272.49 on Wednesday. The firm has a market capitalization of $4.45 billion, a price-to-earnings ratio of 40.79 and a beta of 0.84. The firm’s fifty day moving average price is $275.94 and its two-hundred day moving average price is $286.45. CSW Industrials, Inc. has a 1-year low of $230.45 and a 1-year high of $337.02. 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 (NYSE:CSW) last posted its earnings results on Tuesday, May 26th. The basic materials company reported $3.14 earnings per share for the quarter, beating analysts’ consensus estimates of $2.34 by $0.80. The company had revenue of $308.96 million for the quarter. CSW Industrials had a return on equity of 15.91% and a net margin of 10.35%.The business’s revenue was up 34.0% compared to the same quarter last year. On average, equities research analysts predict that CSW Industrials, Inc. will post 12.52 earnings per share for the current fiscal year.

CSW Industrials Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, April 24th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Friday, April 24th. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.27. CSW Industrials’s payout ratio is currently 17.96%.

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.