Callan Family Office LLC Takes $558,000 Position in CSW Industrials, Inc. $CSW

Callan Family Office LLC bought a new position in shares of CSW Industrials, Inc. (NYSE:CSW) in the second quarter, HoldingsChannel reports. The institutional investor bought 2,006 shares of the basic materials company’s stock, valued at approximately $558,000.

Several other large investors have also made changes to their positions in the company. Whittier Trust Co. boosted its holdings in CSW Industrials by 24.8% in the first quarter. Whittier Trust Co. now owns 252 shares of the basic materials company’s stock valued at $67,000 after acquiring an additional 50 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in CSW Industrials by 8.1% during the 4th quarter. Sanctuary Advisors LLC now owns 984 shares of the basic materials company’s stock worth $289,000 after purchasing an additional 74 shares during the last quarter. Arax Advisory Partners acquired a new position in CSW Industrials during the 4th quarter valued at about $28,000. Danske Bank A S acquired a new position in CSW Industrials during the 4th quarter valued at about $29,000. Finally, Valley Wealth Managers Inc. bought a new position in shares of CSW Industrials in the 1st quarter valued at about $26,000. Institutional investors and hedge funds own 82.79% of the company’s stock.

CSW Industrials Stock Down 1.2%

Shares of NYSE:CSW opened at $323.49 on Wednesday. CSW Industrials, Inc. has a 52 week low of $230.45 and a 52 week high of $355.48. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.36 and a current ratio of 2.70. The company has a market capitalization of $5.27 billion, a PE ratio of 44.37 and a beta of 0.83. The company has a 50 day moving average price of $302.40 and a two-hundred day moving average price of $287.25.

CSW Industrials (NYSE:CSW) last posted its earnings results on Thursday, July 30th. The basic materials company reported $3.84 earnings per share for the quarter, topping the consensus estimate of $3.66 by $0.18. The company had revenue of $350.65 million for the quarter. CSW Industrials had a net margin of 10.34% and a return on equity of 17.41%. The company’s revenue was up 33.0% compared to the same quarter last year. Analysts forecast that CSW Industrials, Inc. will post 12.77 earnings per share for the current year.

CSW Industrials Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Friday, July 31st. CSW Industrials’s dividend payout ratio (DPR) is presently 16.46%.

Insider Buying and Selling at CSW Industrials

In other CSW Industrials news, CEO Joseph B. Armes sold 1,500 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $279.52, for a total value 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 approximately $19,314,832. The trade was a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jeff Underwood sold 720 shares of the stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $346.96, for a total value of $249,811.20. Following the completion of the sale, the executive vice president owned 6,409 shares of the company’s stock, valued at $2,223,666.64. This trade represents a 10.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Truist Financial lifted their price target on shares of CSW Industrials from $313.00 to $332.00 and gave the stock a “hold” rating in a research report on Monday, August 3rd. JPMorgan Chase & Co. increased their price objective on shares of CSW Industrials from $350.00 to $380.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Citigroup raised their price objective on shares of CSW Industrials from $304.00 to $340.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Wells Fargo & Company lifted their target price on shares of CSW Industrials from $285.00 to $320.00 and gave the stock an “equal weight” rating in a report on Friday, July 31st. Finally, Weiss Ratings upgraded shares of CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $347.57.

About CSW Industrials

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.