CenterBook Partners LP Invests $5.18 Million in CSW Industrials, Inc. $CSW

CenterBook Partners LP acquired a new position in shares of CSW Industrials, Inc. (NYSE:CSW) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 17,640 shares of the basic materials company’s stock, valued at approximately $5,178,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Danske Bank A S acquired a new stake in shares of CSW Industrials during the 4th quarter worth approximately $29,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of CSW Industrials during the 4th quarter worth approximately $31,000. Global Retirement Partners LLC acquired a new stake in shares of CSW Industrials during the 4th quarter worth approximately $31,000. CWM LLC acquired a new stake in shares of CSW Industrials during the 4th quarter worth approximately $32,000. Finally, Salomon & Ludwin LLC acquired a new stake in shares of CSW Industrials during the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 82.79% of the company’s stock.

Insider Buying and Selling at CSW Industrials

In other CSW Industrials news, CEO Joseph B. Armes sold 1,500 shares of CSW Industrials stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $283.94, for a total transaction of $425,910.00. Following the sale, the chief executive officer owned 70,600 shares of the company’s stock, valued at $20,046,164. The trade was a 2.08% decrease in their position. 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, SVP Luke Alverson sold 1,007 shares of CSW Industrials stock in a transaction 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 sale, the senior vice president directly owned 12,450 shares in the company, valued at approximately $3,605,146.50. This trade represents a 7.48% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 5,180 shares of company stock worth $1,465,478. Company insiders own 1.30% of the company’s stock.

CSW Industrials Stock Down 0.1%

Shares of CSW opened at $266.13 on Monday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.23 and a current ratio of 2.60. CSW Industrials, Inc. has a one year low of $230.45 and a one year high of $337.02. The stock has a market capitalization of $4.34 billion, a price-to-earnings ratio of 39.84 and a beta of 0.84. The stock has a 50 day moving average price of $276.41 and a 200 day moving average price of $287.15.

CSW Industrials (NYSE:CSW) last issued its quarterly earnings results on Tuesday, May 26th. The basic materials company reported $3.14 EPS for the quarter, topping the consensus estimate of $2.34 by $0.80. CSW Industrials had a return on equity of 15.91% and a net margin of 10.35%.The firm had revenue of $308.96 million during the quarter. The company’s revenue for the quarter was up 34.0% compared to the same quarter last year. Equities research analysts forecast that CSW Industrials, Inc. will post 12.52 earnings per share for the current fiscal year.

CSW Industrials Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, April 24th were paid a dividend of $0.30 per share. This is a boost from CSW Industrials’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, April 24th. This represents a $1.20 annualized dividend and a yield of 0.5%. CSW Industrials’s dividend payout ratio is presently 17.96%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CSW. Zacks Research raised shares of CSW Industrials from a “strong sell” rating to a “hold” rating in a research note on Friday, May 8th. Citigroup dropped their price target on shares of CSW Industrials from $307.00 to $304.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 27th. Weiss Ratings raised shares of CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Robert W. Baird began coverage on shares of CSW Industrials in a research note on Tuesday, February 17th. They issued an “outperform” rating and a $378.00 price target on the stock. Finally, Wells Fargo & Company lifted their price target on shares of CSW Industrials from $280.00 to $285.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 27th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $328.57.

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.