Kensington Investment Counsel LLC Cuts Position in CSW Industrials, Inc. $CSW

Kensington Investment Counsel LLC trimmed its position in shares of CSW Industrials, Inc. (NYSE:CSW) by 59.9% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,508 shares of the basic materials company’s stock after selling 3,746 shares during the period. Kensington Investment Counsel LLC’s holdings in CSW Industrials were worth $654,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Nicholas Company Inc. acquired a new stake in shares of CSW Industrials in the fourth quarter valued at $3,290,000. Mawer Investment Management Ltd. acquired a new position in CSW Industrials during the 4th quarter worth about $4,454,000. B. Metzler seel. Sohn & Co. AG acquired a new position in CSW Industrials during the 4th quarter worth about $3,635,000. Norges Bank purchased a new position in CSW Industrials during the 4th quarter valued at about $86,425,000. Finally, Moody Aldrich Partners LLC purchased a new position in CSW Industrials during the 4th quarter valued at about $5,149,000. 82.79% of the stock is currently owned by institutional investors and hedge funds.

CSW Industrials Trading Down 8.9%

CSW opened at $272.18 on Thursday. The business has a fifty day moving average price of $278.32 and a 200 day moving average price of $283.26. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.60 and a quick ratio of 1.23. CSW Industrials, Inc. has a 12 month low of $230.45 and a 12 month high of $337.02. The stock has a market capitalization of $4.44 billion, a price-to-earnings ratio of 40.75 and a beta of 0.84.

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

CSW Industrials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Friday, July 31st. CSW Industrials’s dividend payout ratio is presently 17.96%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CSW. Truist Financial lifted their target price on CSW Industrials from $300.00 to $313.00 and gave the company a “hold” rating in a research report on Thursday, July 2nd. Weiss Ratings lowered shares of CSW Industrials from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, July 14th. Zacks Research cut shares of CSW Industrials from a “strong-buy” rating to a “hold” rating in a report on Monday. Citigroup dropped their price objective on shares of CSW Industrials from $307.00 to $304.00 and set a “neutral” rating for the company in a report on Wednesday, May 27th. Finally, Wells Fargo & Company increased their target price on shares of CSW Industrials from $280.00 to $285.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 27th. Two 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $330.43.

Insider Activity at CSW Industrials

In related news, CEO Joseph B. Armes sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $279.52, for a total value of $419,280.00. Following the sale, the chief executive officer owned 69,100 shares of the company’s stock, valued at $19,314,832. This trade represents a 2.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Luke Alverson sold 1,007 shares of CSW Industrials stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $289.57, for a total transaction of $291,596.99. Following the completion of the transaction, the senior vice president owned 12,450 shares of the company’s stock, valued at $3,605,146.50. This represents a 7.48% 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. In the last ninety days, insiders sold 4,007 shares of company stock worth $1,136,787. 1.20% of the stock is owned by corporate insiders.

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.