Conestoga Capital Advisors LLC Has $150.73 Million Position in CSW Industrials, Inc. $CSW

Conestoga Capital Advisors LLC trimmed its stake in shares of CSW Industrials, Inc. (NYSE:CSW) by 8.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 578,434 shares of the basic materials company’s stock after selling 54,821 shares during the period. CSW Industrials makes up about 3.0% of Conestoga Capital Advisors LLC’s investment portfolio, making the stock its 10th biggest position. Conestoga Capital Advisors LLC’s holdings in CSW Industrials were worth $150,728,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of CSW. Nicholas Company Inc. bought a new position in CSW Industrials in the 4th quarter worth approximately $3,290,000. B. Metzler seel. Sohn & Co. AG bought a new position in CSW Industrials in the 4th quarter valued at $3,635,000. Mawer Investment Management Ltd. bought a new position in CSW Industrials in the 4th quarter valued at $4,454,000. 1900 Wealth Management LLC acquired a new stake in shares of CSW Industrials in the 4th quarter valued at $5,363,000. Finally, Norges Bank acquired a new stake in shares of CSW Industrials in the 4th quarter valued at $86,425,000. 82.79% of the stock is owned by institutional investors.

CSW Industrials Price Performance

CSW Industrials stock opened at $273.54 on Thursday. The company has a current ratio of 2.60, a quick ratio of 1.23 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $4.46 billion, a P/E ratio of 40.95 and a beta of 0.84. The business has a 50-day moving average of $276.12 and a 200-day moving average of $286.74. CSW Industrials, Inc. has a 1 year low of $230.45 and a 1 year high of $337.02.

CSW Industrials (NYSE:CSW) last announced its quarterly earnings results on Tuesday, May 26th. The basic materials company reported $3.14 earnings per share for the quarter, beating analysts’ consensus estimates of $2.34 by $0.80. CSW Industrials had a net margin of 10.35% and a return on equity of 15.91%. The business had revenue of $308.96 million for the quarter. The company’s revenue for the quarter was up 34.0% on a year-over-year basis. On average, equities analysts anticipate that CSW Industrials, Inc. will post 12.52 EPS for the current year.

Wall Street Analyst Weigh In

CSW has been the subject of a number of recent research reports. Wells Fargo & Company boosted their target price on CSW Industrials from $280.00 to $285.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 27th. Truist Financial cut their target price on shares of CSW Industrials from $301.00 to $300.00 and set a “hold” rating on the stock in a research report on Wednesday, May 27th. Zacks Research raised shares of CSW Industrials from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 8th. Citigroup lowered their price target on shares of CSW Industrials from $307.00 to $304.00 and set a “neutral” rating for the company in a research report on Wednesday, May 27th. Finally, Weiss Ratings upgraded shares of CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Three equities research 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 data from MarketBeat.com, CSW Industrials has a consensus rating of “Moderate Buy” and a consensus target price of $328.57.

Insider Buying and Selling at CSW Industrials

In other news, SVP Luke Alverson sold 1,007 shares of CSW Industrials stock in a transaction on Friday, May 1st. The shares were sold at an average price of $289.57, for a total transaction of $291,596.99. Following the transaction, the senior vice president directly owned 12,450 shares of the company’s stock, valued at $3,605,146.50. This trade represents a 7.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Joseph B. Armes sold 1,500 shares of the business’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 completion of the transaction, the chief executive officer directly owned 69,100 shares of the company’s stock, valued at $19,314,832. This trade represents a 2.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 6,680 shares of company stock valued at $1,884,758. Corporate insiders own 1.30% of the company’s stock.

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.