Park Avenue Securities LLC Purchases Shares of 2,541 CSW Industrials, Inc. $CSW

Park Avenue Securities LLC acquired a new stake in shares of CSW Industrials, Inc. (NYSE:CSW) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,541 shares of the basic materials company’s stock, valued at approximately $746,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CSW. GAMMA Investing LLC acquired a new stake in shares of CSW Industrials in the 4th quarter valued at $50,000. Integrated Wealth Concepts LLC increased its position in shares of CSW Industrials by 20.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 970 shares of the basic materials company’s stock worth $283,000 after purchasing an additional 162 shares in the last quarter. Anderson Hoagland & Co. bought a new position in CSW Industrials during the 4th quarter valued at about $365,000. Finally, AQR Capital Management LLC lifted its holdings in CSW Industrials by 12.4% during the 1st quarter. AQR Capital Management LLC now owns 5,675 shares of the basic materials company’s stock valued at $1,654,000 after purchasing an additional 624 shares during the last quarter. Institutional investors and hedge funds own 82.79% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on CSW shares. Truist Financial upped their price objective on shares of CSW Industrials from $271.00 to $292.00 and gave the stock a “hold” rating in a research note on Monday, February 2nd. Citigroup cut their target price on shares of CSW Industrials from $333.00 to $307.00 and set a “neutral” rating for the company in a research note on Friday, January 30th. JPMorgan Chase & Co. raised CSW Industrials from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $300.00 to $350.00 in a report on Wednesday, December 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CSW Industrials in a report on Monday, December 29th. Finally, CJS Securities upgraded CSW Industrials to a “strong-buy” rating in a research report on Thursday, December 11th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $327.14.

Insider Buying and Selling at CSW Industrials

In other news, SVP Luke Alverson sold 500 shares of CSW Industrials stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $316.02, for a total value of $158,010.00. Following the completion of the sale, the senior vice president directly owned 12,450 shares of the company’s stock, valued at approximately $3,934,449. This trade represents a 3.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Darron K. Ash bought 300 shares of the company’s stock in a transaction dated Friday, March 13th. The shares were purchased at an average price of $256.62 per share, with a total value of $76,986.00. Following the transaction, the director owned 1,155 shares of the company’s stock, valued at $296,396.10. The trade was a 35.09% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 1.30% of the company’s stock.

CSW Industrials Trading Down 4.1%

Shares of NYSE CSW opened at $258.44 on Friday. CSW Industrials, Inc. has a 1-year low of $230.45 and a 1-year high of $338.90. The company has a 50-day moving average of $288.72 and a two-hundred day moving average of $276.27. The company has a market cap of $4.26 billion, a PE ratio of 34.28 and a beta of 0.81. The company has a current ratio of 2.36, a quick ratio of 0.97 and a debt-to-equity ratio of 0.72.

CSW Industrials (NYSE:CSW) last released its quarterly earnings results on Thursday, January 29th. The basic materials company reported $1.42 EPS for the quarter, missing the consensus estimate of $1.93 by ($0.51). The company had revenue of $232.99 million for the quarter, compared to the consensus estimate of $249.36 million. CSW Industrials had a net margin of 12.64% and a return on equity of 14.55%. As a group, equities analysts expect that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, January 30th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Friday, January 30th. CSW Industrials’s dividend payout ratio (DPR) is presently 14.32%.

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.