4,100 Shares in CSW Industrials, Inc. $CSW Purchased by Washington Trust Advisors Inc.

Washington Trust Advisors Inc. acquired a new stake in CSW Industrials, Inc. (NYSE:CSW) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,100 shares of the basic materials company’s stock, valued at approximately $1,203,000.

A number of other large investors also recently bought and sold shares of the stock. 1900 Wealth Management LLC purchased a new stake in CSW Industrials in the fourth quarter valued at approximately $5,363,000. Jacobson & Schmitt Advisors LLC purchased a new position in shares of CSW Industrials during the fourth quarter worth $18,341,000. Harbor Capital Advisors Inc. acquired a new stake in shares of CSW Industrials in the fourth quarter valued at $2,359,000. Avior Wealth Management LLC purchased a new stake in shares of CSW Industrials in the 4th quarter valued at $807,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of CSW Industrials in the 4th quarter valued at $41,461,000. Institutional investors and hedge funds own 82.79% of the company’s stock.

CSW Industrials Stock Performance

Shares of CSW stock opened at $271.22 on Friday. The company has a current ratio of 2.36, a quick ratio of 0.97 and a debt-to-equity ratio of 0.72. The firm has a fifty day moving average price of $276.66 and a 200 day moving average price of $283.50. The company has a market cap of $4.47 billion, a P/E ratio of 35.97 and a beta of 0.88. CSW Industrials, Inc. has a 12 month low of $230.45 and a 12 month high of $338.90.

CSW Industrials Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, April 24th were issued a dividend of $0.30 per share. This is a positive change 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 yield of 0.4%. CSW Industrials’s dividend payout ratio (DPR) is presently 15.92%.

Insiders Place Their Bets

In other CSW Industrials news, Director Darron K. Ash bought 300 shares of the business’s stock in a transaction dated Friday, March 13th. The shares were acquired at an average price of $256.62 per share, with a total value of $76,986.00. Following the transaction, the director owned 1,155 shares of the company’s stock, valued at approximately $296,396.10. The trade was a 35.09% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Don Sullivan sold 166 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $300.26, for a total value of $49,843.16. Following the sale, the executive vice president owned 21,567 shares of the company’s stock, valued at approximately $6,475,707.42. The trade was a 0.76% 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. In the last 90 days, insiders sold 4,180 shares of company stock valued at $1,197,578. 1.30% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on CSW shares. Zacks Research cut CSW Industrials from a “hold” rating to a “strong sell” rating in a report on Friday, February 6th. Truist Financial boosted their price target on shares of CSW Industrials from $292.00 to $301.00 and gave the stock a “hold” rating in a research note on Monday, April 20th. Robert W. Baird initiated coverage on shares of CSW Industrials in a research report on Tuesday, February 17th. They set an “outperform” rating and a $378.00 price target on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of CSW Industrials in a research note on Wednesday, April 29th. Finally, The Goldman Sachs Group lifted their price objective on shares of CSW Industrials from $302.00 to $333.00 and gave the company a “neutral” rating in a report on Tuesday, January 13th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $328.43.

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.