15,173 Shares in CSW Industrials, Inc. $CSW Acquired by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. acquired a new stake in CSW Industrials, Inc. (NYSE:CSW) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 15,173 shares of the basic materials company’s stock, valued at approximately $4,454,000.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. acquired a new stake in shares of CSW Industrials in the fourth quarter valued at approximately $515,553,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of CSW Industrials in the 4th quarter valued at $237,891,000. Conestoga Capital Advisors LLC purchased a new stake in CSW Industrials in the 4th quarter valued at $185,879,000. Geode Capital Management LLC purchased a new stake in CSW Industrials in the 4th quarter valued at $115,318,000. Finally, Norges Bank acquired a new stake in CSW Industrials during the 4th quarter worth $86,425,000. 82.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on CSW shares. Truist Financial lowered their price objective on shares of CSW Industrials from $301.00 to $300.00 and set a “hold” rating on the stock in a research report on Wednesday, May 27th. Citigroup reduced their target price on shares of CSW Industrials from $307.00 to $304.00 and set a “neutral” rating for the company in a report on Wednesday, May 27th. Wells Fargo & Company raised their price target on CSW Industrials from $280.00 to $285.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 27th. Zacks Research upgraded CSW Industrials from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. Finally, Robert W. Baird initiated coverage on CSW Industrials in a research note on Tuesday, February 17th. They set an “outperform” rating and a $378.00 price objective for the company. Two investment 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 MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $328.57.

CSW Industrials Stock Down 2.6%

CSW opened at $269.67 on Tuesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.60 and a quick ratio of 1.23. CSW Industrials, Inc. has a 12 month low of $230.45 and a 12 month high of $337.02. The stock has a market capitalization of $4.40 billion, a P/E ratio of 40.37 and a beta of 0.84. The business has a 50 day simple moving average of $275.94 and a 200-day simple moving average of $286.45.

CSW Industrials (NYSE:CSW) last announced its quarterly earnings data on Tuesday, May 26th. The basic materials company reported $3.14 earnings per share for the quarter, topping analysts’ consensus estimates of $2.34 by $0.80. The firm 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 firm’s revenue was up 34.0% compared to the same quarter last year. On average, equities analysts anticipate that CSW Industrials, Inc. will post 12.52 earnings per share for the current fiscal year.

CSW Industrials Increases Dividend

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

Insider Activity at CSW Industrials

In other news, EVP Don Sullivan sold 166 shares of the stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $300.26, for a total value of $49,843.16. Following the completion of the transaction, the executive vice president owned 21,567 shares in the company, valued at $6,475,707.42. This trade represents a 0.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Luke Alverson sold 1,007 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $289.57, for a total transaction of $291,596.99. Following the completion of the sale, the senior vice president owned 12,450 shares of the company’s stock, valued at $3,605,146.50. This trade represents a 7.48% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 5,180 shares of company stock valued at $1,465,478. Company insiders own 1.30% 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.