Punch & Associates Investment Management Inc. Invests $15.11 Million in CSW Industrials, Inc. $CSW

Punch & Associates Investment Management Inc. purchased a new stake in shares of CSW Industrials, Inc. (NYSE:CSW) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 54,288 shares of the basic materials company’s stock, valued at approximately $15,108,000. Punch & Associates Investment Management Inc. owned approximately 0.33% of CSW Industrials at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CSW. Valley Wealth Managers Inc. bought a new position in CSW Industrials during the 1st quarter valued at about $26,000. Arax Advisory Partners bought a new stake in shares of CSW Industrials in the fourth quarter worth approximately $28,000. Danske Bank A S bought a new stake in shares of CSW Industrials in the fourth quarter worth approximately $29,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of CSW Industrials during the second quarter valued at approximately $29,000. Finally, Global Retirement Partners LLC bought a new position in CSW Industrials during the second quarter valued at approximately $31,000. 82.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company increased their target price on shares of CSW Industrials from $285.00 to $320.00 and gave the stock an “equal weight” rating in a report on Friday, July 31st. Zacks Research downgraded shares of CSW Industrials from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Citigroup increased their price objective on shares of CSW Industrials from $304.00 to $340.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Truist Financial lifted their target price on shares of CSW Industrials from $313.00 to $332.00 and gave the company a “hold” rating in a research note on Monday, August 3rd. Finally, JPMorgan Chase & Co. increased their price target on CSW Industrials from $350.00 to $380.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $347.57.

CSW Industrials Stock Down 0.3%

CSW opened at $321.85 on Thursday. The company has a market capitalization of $5.24 billion, a PE ratio of 44.15 and a beta of 0.83. The firm has a 50-day simple moving average of $303.42 and a two-hundred day simple moving average of $287.58. The company has a quick ratio of 1.36, a current ratio of 2.70 and a debt-to-equity ratio of 0.77. CSW Industrials, Inc. has a 52 week low of $230.45 and a 52 week high of $355.48.

CSW Industrials (NYSE:CSW) last released its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.66 by $0.18. CSW Industrials had a net margin of 10.34% and a return on equity of 17.41%. The company had revenue of $350.65 million for the quarter. The firm’s revenue for the quarter was up 33.0% compared to the same quarter last year. Analysts forecast that CSW Industrials, Inc. will post 12.77 earnings per share for the current fiscal year.

CSW Industrials Announces Dividend

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

Insider Activity

In related news, CEO Joseph B. Armes sold 1,500 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $279.52, for a total value of $419,280.00. Following the completion of the transaction, the chief executive officer owned 69,100 shares of the company’s stock, valued at approximately $19,314,832. This trade represents a 2.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jeff Underwood sold 720 shares of CSW Industrials stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $346.96, for a total value of $249,811.20. Following the completion of the transaction, the executive vice president owned 6,409 shares of the company’s stock, valued at approximately $2,223,666.64. This represents a 10.10% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.20% of the stock is currently owned by corporate insiders.

CSW Industrials Company 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.