Northwestern Mutual Wealth Management Co. Invests $1.12 Million in CSW Industrials, Inc. $CSW

Northwestern Mutual Wealth Management Co. purchased a new stake in shares of CSW Industrials, Inc. (NYSE:CSW) during the second quarter, Holdings Channel reports. The institutional investor purchased 4,029 shares of the basic materials company’s stock, valued at approximately $1,121,000.

Other large investors have also recently bought and sold shares of the company. Whittier Trust Co. lifted its stake in CSW Industrials by 24.8% in the 1st quarter. Whittier Trust Co. now owns 252 shares of the basic materials company’s stock worth $67,000 after acquiring an additional 50 shares in the last quarter. Sanctuary Advisors LLC boosted 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 worth $289,000 after acquiring an additional 74 shares during the period. Arax Advisory Partners acquired a new stake in CSW Industrials during the 4th quarter worth about $28,000. Danske Bank A S purchased a new position in CSW Industrials during the 4th quarter valued at about $29,000. Finally, Valley Wealth Managers Inc. purchased a new position in CSW Industrials during the 1st quarter valued at about $26,000. 82.79% of the stock is owned by institutional investors and hedge funds.

CSW Industrials Stock Performance

Shares of CSW stock opened at $323.49 on Wednesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.70 and a quick ratio of 1.36. CSW Industrials, Inc. has a fifty-two week low of $230.45 and a fifty-two week high of $355.48. The stock’s 50-day moving average is $302.40 and its two-hundred day moving average is $287.25. The firm has a market cap of $5.27 billion, a P/E ratio of 44.37 and a beta of 0.83.

CSW Industrials (NYSE:CSW) last posted its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.84 earnings per share for the quarter, topping analysts’ consensus estimates of $3.66 by $0.18. The company had revenue of $350.65 million during the quarter. CSW Industrials had a return on equity of 17.41% and a net margin of 10.34%.The firm’s revenue was up 33.0% on a year-over-year basis. Analysts predict that CSW Industrials, Inc. will post 12.77 earnings per share for the current fiscal year.

CSW Industrials Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company upped their target price on 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 cut shares of CSW Industrials from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Citigroup boosted their price objective on shares of CSW Industrials from $304.00 to $340.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Truist Financial upped their price objective on shares of CSW Industrials from $313.00 to $332.00 and gave the company a “hold” rating in a research note on Monday, August 3rd. Finally, Weiss Ratings upgraded shares of CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, CSW Industrials has an average rating of “Moderate Buy” and a consensus target price of $347.57.

Insider Buying and Selling

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 transaction, the executive vice president owned 6,409 shares in the company, valued at $2,223,666.64. This represents a 10.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Joseph B. Armes sold 1,500 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $279.52, for a total transaction of $419,280.00. Following the transaction, the chief executive officer owned 69,100 shares in the company, valued at $19,314,832. This represents a 2.12% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is owned by insiders.

CSW Industrials Company 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.