Langdon Equity Partners Purchases New Holdings in CSW Industrials, Inc. $CSW

Langdon Equity Partners purchased a new stake in shares of CSW Industrials, Inc. (NYSE:CSW) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 82,282 shares of the basic materials company’s stock, valued at approximately $26,419,000. CSW Industrials comprises 13.6% of Langdon Equity Partners’ portfolio, making the stock its 4th largest holding.

A number of other large investors also recently bought and sold shares of the business. Sanctuary Advisors LLC lifted its position in CSW Industrials by 8.1% during the 4th quarter. Sanctuary Advisors LLC now owns 984 shares of the basic materials company’s stock valued at $289,000 after acquiring an additional 74 shares during the period. Danske Bank A S purchased a new position in CSW Industrials during the 4th quarter valued at about $29,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in CSW Industrials during the 4th quarter valued at about $31,000. Global Retirement Partners LLC purchased a new position in CSW Industrials during the 4th quarter valued at about $31,000. Finally, CWM LLC purchased a new position in CSW Industrials during the 4th quarter valued at about $32,000. 82.79% of the stock is owned by hedge funds and other institutional investors.

CSW Industrials Stock Performance

Shares of CSW stock opened at $273.50 on Friday. The company has a 50 day moving average price of $277.55 and a 200-day moving average price of $287.76. CSW Industrials, Inc. has a 52 week low of $230.45 and a 52 week high of $337.02. The firm has a market capitalization of $4.46 billion, a PE ratio of 40.94 and a beta of 0.84. The company has a quick ratio of 1.23, a current ratio of 2.60 and a debt-to-equity ratio of 0.80.

CSW Industrials (NYSE:CSW) last announced its quarterly earnings results on Tuesday, May 26th. The basic materials company reported $3.14 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $0.80. CSW Industrials had a net margin of 10.35% and a return on equity of 15.91%. The firm had revenue of $308.96 million during the quarter. The company’s revenue was up 34.0% compared to the same quarter last year. As a group, equities research analysts expect that CSW Industrials, Inc. will post 12.52 earnings per share for the current 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 $0.30 dividend. This is a boost from CSW Industrials’s previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Friday, April 24th. CSW Industrials’s dividend payout ratio (DPR) is presently 17.96%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CSW shares. Weiss Ratings raised shares of CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Zacks Research raised shares of CSW Industrials from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. Citigroup decreased 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. Robert W. Baird began coverage on shares of CSW Industrials in a report on Tuesday, February 17th. They issued an “outperform” rating and a $378.00 target price for the company. Finally, Wells Fargo & Company lifted their target price on shares of CSW Industrials from $280.00 to $285.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 27th. Three investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $328.57.

Insider Transactions at CSW Industrials

In other news, EVP Don Sullivan sold 166 shares of CSW Industrials stock in a transaction that occurred on 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 sale, the executive vice president directly owned 21,567 shares in the company, valued at $6,475,707.42. The trade was a 0.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Joseph B. Armes sold 1,500 shares of CSW Industrials stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $283.94, for a total transaction of $425,910.00. Following the completion of the sale, the chief executive officer owned 70,600 shares of the company’s stock, valued at $20,046,164. This represents a 2.08% 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. Insiders sold 5,180 shares of company stock worth $1,465,478 over the last three months. 1.30% of the stock is currently owned by company insiders.

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.