Susquehanna Fundamental Investments LLC Reduces Holdings in CSW Industrials, Inc. $CSW

Susquehanna Fundamental Investments LLC trimmed its stake in shares of CSW Industrials, Inc. (NYSE:CSW) by 22.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,195 shares of the basic materials company’s stock after selling 1,802 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in CSW Industrials were worth $1,724,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of CSW. Beacon Pointe Advisors LLC purchased a new stake in shares of CSW Industrials during the second quarter valued at approximately $1,899,000. Empowered Funds LLC bought a new position in shares of CSW Industrials in the second quarter worth approximately $503,000. Grandeur Peak Global Advisors LLC purchased a new position in shares of CSW Industrials in the second quarter worth $3,282,000. Public Employees Retirement System of Ohio purchased a new position in shares of CSW Industrials in the second quarter worth $29,000. Finally, Pure Financial Advisors LLC bought a new stake in CSW Industrials during the 2nd quarter valued at $490,000. 82.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insider Activity at CSW Industrials

In other CSW Industrials news, CEO Joseph B. Armes sold 1,500 shares of CSW Industrials stock in a transaction that occurred 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 approximately $19,314,832. The trade was a 2.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jeff Underwood sold 720 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $346.96, for a total value 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 trade represents a 10.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.20% of the company’s stock.

CSW Industrials Stock Down 2.9%

Shares of NYSE CSW opened at $299.84 on Wednesday. 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, Inc. has a 12 month low of $230.45 and a 12 month high of $355.48. The firm has a market capitalization of $4.88 billion, a PE ratio of 41.13 and a beta of 0.81. The firm has a fifty day simple moving average of $306.30 and a two-hundred day simple moving average of $287.71.

CSW Industrials (NYSE:CSW) last announced its earnings results on Thursday, July 30th. The basic materials company reported $3.84 earnings per share for the quarter, beating analysts’ consensus estimates of $3.66 by $0.18. The firm had revenue of $350.65 million for the quarter. CSW Industrials had a net margin of 10.34% and a return on equity of 17.41%. The firm’s revenue for the quarter was up 33.0% on a year-over-year basis. 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 disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were issued a $0.30 dividend. The ex-dividend date was Friday, July 31st. This represents a $1.20 annualized dividend and a yield of 0.4%. CSW Industrials’s dividend payout ratio (DPR) is 16.46%.

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.