Oregon Public Employees Retirement Fund Buys Shares of 3,848 CSW Industrials, Inc. $CSW

Oregon Public Employees Retirement Fund bought a new stake in shares of CSW Industrials, Inc. (NYSE:CSW) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,848 shares of the basic materials company’s stock, valued at approximately $1,130,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CSW. Danske Bank A S acquired a new stake in CSW Industrials during the 4th quarter valued at approximately $29,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in CSW Industrials during the 4th quarter valued at approximately $31,000. CWM LLC acquired a new stake in CSW Industrials during the 4th quarter valued at approximately $32,000. Salomon & Ludwin LLC acquired a new stake in CSW Industrials during the 4th quarter valued at approximately $36,000. Finally, GAMMA Investing LLC acquired a new stake in CSW Industrials during the 4th quarter valued at approximately $50,000. Institutional investors and hedge funds own 82.79% of the company’s stock.

Insider Activity at CSW Industrials

In related news, Director Darron K. Ash acquired 300 shares of CSW Industrials stock in a transaction dated Friday, March 13th. The stock was bought at an average price of $256.62 per share, with a total value of $76,986.00. Following the transaction, the director directly owned 1,155 shares in the company, valued at $296,396.10. This represents a 35.09% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Luke Alverson sold 1,007 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, 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 quarter, insiders sold 3,680 shares of company stock worth $1,039,568. Corporate insiders own 1.30% of the company’s stock.

CSW Industrials Stock Performance

Shares of CSW stock opened at $260.05 on Tuesday. The company has a market cap of $4.28 billion, a price-to-earnings ratio of 34.49 and a beta of 0.88. CSW Industrials, Inc. has a 52 week low of $230.45 and a 52 week high of $337.02. The company has a quick ratio of 0.97, a current ratio of 2.36 and a debt-to-equity ratio of 0.72. The firm has a 50 day moving average of $273.41 and a 200-day moving average of $284.53.

CSW Industrials Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, April 24th were given a dividend of $0.30 per share. This is a positive change 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 dividend yield of 0.5%. CSW Industrials’s payout ratio is 15.92%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on CSW shares. Truist Financial increased their target price on shares of CSW Industrials from $292.00 to $301.00 and gave the company a “hold” rating in a research report on Monday, April 20th. Wells Fargo & Company decreased their target price on shares of CSW Industrials from $300.00 to $280.00 and set an “equal weight” rating for the company in a research report on Monday, February 2nd. Zacks Research raised shares of CSW Industrials from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. Weiss Ratings reissued a “hold (c)” rating on shares of CSW Industrials in a research report on Wednesday, April 29th. Finally, Robert W. Baird started coverage on shares of CSW Industrials in a research report on Tuesday, February 17th. They set an “outperform” rating and a $378.00 target price for the company. Two equities 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 company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $328.43.

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.