Sterling Capital Management LLC Decreases Stake in CSW Industrials, Inc. $CSW

Sterling Capital Management LLC decreased its holdings in CSW Industrials, Inc. (NYSE:CSW) by 44.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,226 shares of the basic materials company’s stock after selling 2,604 shares during the period. Sterling Capital Management LLC’s holdings in CSW Industrials were worth $841,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of CSW. Arax Advisory Partners acquired a new position in shares of CSW Industrials during the 4th quarter worth approximately $28,000. Danske Bank A S purchased a new position in CSW Industrials during the fourth quarter worth approximately $29,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in CSW Industrials during the fourth quarter worth approximately $31,000. Global Retirement Partners LLC acquired a new position in CSW Industrials during the fourth quarter worth $31,000. Finally, CWM LLC acquired a new position in CSW Industrials during the fourth quarter worth $32,000. 82.79% of the stock is owned by hedge funds and other institutional investors.

CSW Industrials Price Performance

NYSE:CSW opened at $278.53 on Wednesday. CSW Industrials, Inc. has a 52 week low of $230.45 and a 52 week high of $337.02. The stock’s fifty day moving average is $276.60 and its two-hundred day moving average is $287.05. The company has a market capitalization of $4.55 billion, a P/E ratio of 41.70 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 released its quarterly earnings results on Tuesday, May 26th. The basic materials company reported $3.14 earnings per share for the quarter, topping analysts’ consensus estimates of $2.34 by $0.80. The business had revenue of $308.96 million during the quarter. CSW Industrials had a return on equity of 15.91% and a net margin of 10.35%.The company’s revenue was up 34.0% on a year-over-year basis. Equities analysts expect that CSW Industrials, Inc. will post 12.52 EPS for the current year.

CSW Industrials Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, April 24th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.4%. This is a boost from CSW Industrials’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, April 24th. CSW Industrials’s payout ratio is 17.96%.

Insiders Place Their Bets

In other CSW Industrials news, SVP Luke Alverson sold 1,007 shares of CSW Industrials stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $266.11, for a total transaction of $267,972.77. Following the completion of the sale, the senior vice president directly owned 13,457 shares in the company, valued at $3,581,042.27. This trade represents a 6.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Don Sullivan sold 166 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $300.26, for a total transaction 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. This trade represents a 0.76% 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 a total of 6,680 shares of company stock valued at $1,884,758 over the last 90 days. 1.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on CSW shares. Weiss Ratings raised CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Wells Fargo & Company upped their price objective on shares of CSW Industrials from $280.00 to $285.00 and gave the company an “equal weight” rating in a report on Wednesday, May 27th. Truist Financial cut their price objective on shares of CSW Industrials from $301.00 to $300.00 and set a “hold” rating for the company in a research report on Wednesday, May 27th. Citigroup reduced their target price on shares of CSW Industrials from $307.00 to $304.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 27th. Finally, Zacks Research upgraded shares of CSW Industrials from a “hold” rating to a “strong-buy” rating in a report on Monday, June 8th. Three analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $328.57.

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.