HighTower Advisors LLC Boosts Stock Holdings in CSW Industrials, Inc. $CSW

HighTower Advisors LLC grew its holdings in CSW Industrials, Inc. (NYSE:CSW) by 1,431.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,767 shares of the basic materials company’s stock after purchasing an additional 19,411 shares during the period. HighTower Advisors LLC’s holdings in CSW Industrials were worth $5,779,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC boosted its holdings in CSW Industrials by 12.4% in the 1st quarter. AQR Capital Management LLC now owns 5,675 shares of the basic materials company’s stock worth $1,654,000 after buying an additional 624 shares during the period. Integrated Wealth Concepts LLC raised its holdings in CSW Industrials by 20.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 970 shares of the basic materials company’s stock valued at $283,000 after acquiring an additional 162 shares during the period. Truist Financial Corp bought a new stake in CSW Industrials during the 4th quarter valued at $367,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of CSW Industrials during the fourth quarter worth $31,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of CSW Industrials during the fourth quarter worth $972,000. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CSW. JPMorgan Chase & Co. raised their price target on CSW Industrials from $350.00 to $380.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Weiss Ratings upgraded CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. Zacks Research cut CSW Industrials from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Truist Financial raised their target price on CSW Industrials from $313.00 to $332.00 and gave the stock a “hold” rating in a research note on Monday, August 3rd. Finally, Wells Fargo & Company raised their target price on CSW Industrials from $285.00 to $320.00 and gave the stock an “equal weight” rating in a research note on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $347.57.

Insider Activity

In related news, EVP Jeff Underwood sold 720 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $346.96, for a total value of $249,811.20. Following the sale, the executive vice president directly 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Joseph Armes sold 1,500 shares of CSW Industrials stock in a transaction that occurred 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 sale, the chief executive officer 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is currently owned by insiders.

CSW Industrials Price Performance

NYSE:CSW opened at $291.24 on Friday. CSW Industrials, Inc. has a 52-week low of $230.45 and a 52-week high of $355.48. The stock has a fifty day moving average of $309.61 and a 200 day moving average of $287.43. 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 firm has a market capitalization of $4.74 billion, a price-to-earnings ratio of 39.95 and a beta of 0.81.

CSW Industrials (NYSE:CSW) last announced its earnings results on Thursday, July 30th. The basic materials company reported $3.84 earnings per share for the quarter, topping analysts’ consensus estimates of $3.66 by $0.18. The business had revenue of $350.65 million for the quarter. CSW Industrials had a return on equity of 17.41% and a net margin of 10.34%.The business’s quarterly revenue was up 33.0% on a year-over-year basis. On average, research analysts expect that CSW Industrials, Inc. will post 12.77 EPS for the current fiscal year.

CSW Industrials Dividend Announcement

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

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.