Sequoia Financial Advisors LLC Takes Position in CSW Industrials, Inc. $CSW

Sequoia Financial Advisors LLC bought a new stake in CSW Industrials, Inc. (NYSE:CSW) in the 4th quarter, HoldingsChannel.com reports. The firm bought 3,313 shares of the basic materials company’s stock, valued at approximately $972,000.

Several other large investors also recently made changes to their positions in the company. Vanguard Group Inc. acquired a new stake in shares of CSW Industrials in the 4th quarter valued at about $515,553,000. Conestoga Capital Advisors LLC bought a new position in CSW Industrials in the 4th quarter valued at about $185,879,000. Congress Asset Management Co. bought a new position in CSW Industrials in the 4th quarter valued at about $65,002,000. Vaughan Nelson Investment Management L.P. bought a new position in CSW Industrials in the 4th quarter valued at about $53,434,000. Finally, Allspring Global Investments Holdings LLC bought a new position in CSW Industrials in the 4th quarter valued at about $41,461,000. 82.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other CSW Industrials news, CEO Joseph B. Armes sold 1,500 shares of CSW Industrials stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $286.77, for a total transaction of $430,155.00. Following the transaction, the chief executive officer owned 84,494 shares of the company’s stock, valued at $24,230,344.38. This trade represents a 1.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Darron K. Ash bought 300 shares of the company’s stock in a transaction on Friday, March 13th. The shares were purchased at an average cost of $256.62 per share, for a total transaction of $76,986.00. Following the transaction, the director owned 1,155 shares in the company, valued at approximately $296,396.10. This represents a 35.09% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold 3,680 shares of company stock worth $1,039,568 in the last quarter. 1.30% of the stock is owned by corporate insiders.

CSW Industrials Price Performance

CSW Industrials stock opened at $259.55 on Thursday. CSW Industrials, Inc. has a 52 week low of $230.45 and a 52 week high of $338.90. The company’s 50 day moving average price is $274.37 and its two-hundred day moving average price is $284.19. The company has a quick ratio of 0.97, a current ratio of 2.36 and a debt-to-equity ratio of 0.72. The stock has a market cap of $4.27 billion, a P/E ratio of 34.42 and a beta of 0.88.

CSW Industrials Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, April 24th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, April 24th. This represents a $1.20 annualized dividend and a dividend yield of 0.5%. This is an increase from CSW Industrials’s previous quarterly dividend of $0.27. CSW Industrials’s payout ratio is 15.92%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CSW shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CSW Industrials in a research report on Wednesday, April 29th. Zacks Research raised shares of CSW Industrials from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. Truist Financial raised their price target on shares of CSW Industrials from $292.00 to $301.00 and gave the company a “hold” rating in a research report on Monday, April 20th. Robert W. Baird started coverage on shares of CSW Industrials in a research report on Tuesday, February 17th. They issued an “outperform” rating and a $378.00 price target on the stock. Finally, Wells Fargo & Company dropped their price target on shares of CSW Industrials from $300.00 to $280.00 and set an “equal weight” rating on the stock in a research report on Monday, February 2nd. Two equities research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $328.43.

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.