First National Bank of Omaha Makes New Investment in CSW Industrials, Inc. $CSW

First National Bank of Omaha bought a new stake in shares of CSW Industrials, Inc. (NYSE:CSW) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 1,865 shares of the basic materials company’s stock, valued at approximately $519,000.

A number of other large investors also recently made changes to their positions in CSW. Arax Advisory Partners acquired a new stake in shares of CSW Industrials during the fourth quarter worth $28,000. Danske Bank A S bought a new stake in CSW Industrials in the fourth quarter valued at about $29,000. Valley Wealth Managers Inc. acquired a new position in CSW Industrials in the first quarter valued at about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in CSW Industrials in the fourth quarter valued at about $31,000. Finally, Global Retirement Partners LLC bought a new position in CSW Industrials during the fourth quarter worth about $31,000. Institutional investors and hedge funds own 82.79% of the company’s stock.

Analyst Upgrades and Downgrades

CSW has been the subject of several analyst reports. Truist Financial boosted their target price on CSW Industrials from $313.00 to $332.00 and gave the stock a “hold” rating in a research report on Monday, August 3rd. Citigroup lifted their price objective on shares of CSW Industrials from $304.00 to $340.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Wells Fargo & Company boosted their price objective on shares of CSW Industrials from $285.00 to $320.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. Zacks Research downgraded shares of CSW Industrials from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Finally, JPMorgan Chase & Co. increased their target price on shares of CSW Industrials from $350.00 to $380.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, CSW Industrials has an average rating of “Moderate Buy” and an average price target of $347.57.

CSW Industrials Stock Down 1.1%

NYSE:CSW opened at $328.29 on Thursday. CSW Industrials, Inc. has a 1 year low of $230.45 and a 1 year high of $355.48. The stock has a 50-day moving average price of $298.26 and a two-hundred day moving average price of $285.56. The stock has a market cap of $5.35 billion, a price-to-earnings ratio of 45.03 and a beta of 0.83. The company has a current ratio of 2.70, a quick ratio of 1.36 and a debt-to-equity ratio of 0.77.

CSW Industrials (NYSE:CSW) last released its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.84 EPS for the quarter, topping analysts’ consensus estimates of $3.66 by $0.18. CSW Industrials had a return on equity of 17.41% and a net margin of 10.34%.The company had revenue of $350.65 million for the quarter. The firm’s quarterly revenue was up 33.0% compared to the same quarter last year. As a group, equities analysts expect that CSW Industrials, Inc. will post 12.77 earnings per share for the current year.

CSW Industrials Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.4%. The ex-dividend date was Friday, July 31st. CSW Industrials’s dividend payout ratio (DPR) is 16.46%.

Insider Activity at CSW Industrials

In other news, EVP Jeff Underwood sold 720 shares of the stock in a transaction on Monday, August 10th. The shares were sold at an average price of $346.96, for a total transaction of $249,811.20. Following the completion of the sale, the executive vice president owned 6,409 shares of the company’s stock, valued at $2,223,666.64. This represents a 10.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Joseph B. Armes sold 1,500 shares of the stock in a transaction 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 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 3,720 shares of company stock worth $1,095,001 over the last 90 days. Corporate insiders own 1.20% of the company’s stock.

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.