LRT Capital Management LLC Takes $1.55 Million Position in CSW Industrials, Inc. $CSW

LRT Capital Management LLC acquired a new stake in shares of CSW Industrials, Inc. (NYSE:CSW) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,280 shares of the basic materials company’s stock, valued at approximately $1,550,000. CSW Industrials accounts for 1.3% of LRT Capital Management LLC’s investment portfolio, making the stock its 29th largest holding.

Several other institutional investors have also recently made changes to their positions in CSW. Arax Advisory Partners acquired a new position in shares of CSW Industrials during the fourth quarter valued at about $28,000. Danske Bank A S acquired a new position in shares of CSW Industrials during the fourth quarter valued at about $29,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of CSW Industrials during the fourth quarter valued at about $31,000. Global Retirement Partners LLC acquired a new stake in shares of CSW Industrials in the 4th quarter worth about $31,000. Finally, CWM LLC acquired a new stake in shares of CSW Industrials in the 4th quarter worth about $32,000. Institutional investors and hedge funds own 82.79% of the company’s stock.

CSW Industrials Trading Down 0.4%

Shares of CSW stock opened at $273.50 on Friday. CSW Industrials, Inc. has a 52-week low of $230.45 and a 52-week high of $337.02. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.23 and a current ratio of 2.60. The company has a 50-day simple moving average of $277.55 and a two-hundred day simple moving average of $287.76. The company has a market capitalization of $4.46 billion, a price-to-earnings ratio of 40.94 and a beta of 0.84.

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

CSW Industrials Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, April 24th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Friday, April 24th. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.27. CSW Industrials’s payout ratio is currently 17.96%.

Insider Activity

In other news, EVP Don Sullivan sold 166 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $300.26, for a total transaction of $49,843.16. Following the completion of the sale, the executive vice president owned 21,567 shares in the company, valued at $6,475,707.42. This trade represents a 0.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Joseph B. Armes sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was 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 approximately $20,046,164. The trade was a 2.08% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 5,180 shares of company stock valued at $1,465,478 in the last three months. Company insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CSW shares. Citigroup lowered their target price on shares of CSW Industrials from $307.00 to $304.00 and set a “neutral” rating on the stock in a report on Wednesday, May 27th. Zacks Research upgraded shares of CSW Industrials from a “hold” rating to a “strong-buy” rating in a report on Monday, June 8th. Truist Financial lowered their target price on shares of CSW Industrials from $301.00 to $300.00 and set a “hold” rating on the stock in a report on Wednesday, May 27th. Wells Fargo & Company upped 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. Finally, Weiss Ratings upgraded shares of CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Three analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $328.57.

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.