CSW Industrials, Inc. $CSW Stock: Van Berkom & Associates Inc. Grows Stake

Van Berkom & Associates Inc. lifted its holdings in CSW Industrials, Inc. (NYSE:CSW) by 863.6% in the 3rd quarter, Holdings Channel reports. The firm owned 82,767 shares of the basic materials company’s stock after buying an additional 74,178 shares during the quarter. Van Berkom & Associates Inc.’s holdings in CSW Industrials were worth $23,844,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CSW. Covestor Ltd increased its position in CSW Industrials by 74.5% during the third quarter. Covestor Ltd now owns 96 shares of the basic materials company’s stock worth $28,000 after buying an additional 41 shares during the last quarter. Valley Wealth Managers Inc. acquired a new stake in shares of CSW Industrials in the first quarter worth about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of CSW Industrials in the second quarter worth about $29,000. Public Employees Retirement System of Ohio acquired a new stake in shares of CSW Industrials in the second quarter worth about $29,000. Finally, Global Retirement Partners LLC acquired a new stake in shares of CSW Industrials in the second quarter worth about $31,000. Institutional investors and hedge funds own 82.79% of the company’s stock.

Insider Transactions at CSW Industrials

In other news, CEO Joseph B. Armes sold 1,500 shares of the firm’s stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $287.04, for a total value of $430,560.00. Following the sale, the chief executive officer directly owned 64,083 shares of the company’s stock, valued at approximately $18,394,384.32. This trade represents a 2.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is owned by company insiders.

CSW Industrials Price Performance

NYSE CSW opened at $287.82 on Tuesday. The company has a current ratio of 2.35, a quick ratio of 1.15 and a debt-to-equity ratio of 0.66. The company has a fifty day simple moving average of $293.24 and a 200 day simple moving average of $289.65. The company has a market cap of $4.69 billion, a P/E ratio of 24.49, a P/E/G ratio of 1.89 and a beta of 0.80. CSW Industrials, Inc. has a 1 year low of $239.57 and a 1 year high of $355.48.

CSW Industrials (NYSE:CSW) last posted its earnings results on Thursday, October 29th. The basic materials company reported $3.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.69 by ($0.03). The firm had revenue of $361.44 million during the quarter. CSW Industrials had a net margin of 10.17% and a return on equity of 18.38%. The company’s revenue was up 30.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.96 EPS. On average, sell-side analysts predict that CSW Industrials, Inc. will post 12.50 EPS for the current year.

CSW Industrials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Friday, October 30th. CSW Industrials’s dividend payout ratio is 15.42%.

Analyst Ratings Changes

Several research firms have recently issued reports on CSW. Wells Fargo & Company decreased their price target on CSW Industrials from $320.00 to $290.00 and set an “equal weight” rating for the company in a research note on Friday, October 30th. Citigroup cut their price objective on CSW Industrials from $340.00 to $326.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 3rd. JPMorgan Chase & Co. raised their price objective on CSW Industrials from $350.00 to $380.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Wall Street Zen lowered CSW Industrials from a “buy” rating to a “hold” rating in a report on Sunday, October 18th. Finally, Truist Financial decreased their target price on CSW Industrials from $332.00 to $328.00 and set a “hold” rating for the company in a research report on Monday, November 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. According to data from MarketBeat, CSW Industrials presently has an average rating of “Moderate Buy” and an average target price of $340.71.

CSW Industrials Profile

CSW Industrials, Inc is a diversified industrial products company that develops, manufactures and sells products for contractors, building owners and industrial customers. Its offerings serve markets including heating, ventilation and air conditioning, refrigeration, plumbing, electrical work and construction.

The company operates through three segments: Contractor Solutions, Engineered Building Solutions and Specialized Reliability Solutions. Its products include installation and maintenance supplies, fire- and smoke-protection systems, building-envelope products, and specialty lubricants, coatings and sealants used to help protect and maintain equipment and infrastructure.

CSW Industrials serves customers primarily in North America, as well as in international markets.