182,040 Shares in CSW Industrials, Inc. $CSW Bought by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. purchased a new stake in CSW Industrials, Inc. (NYSE:CSW) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 182,040 shares of the basic materials company’s stock, valued at approximately $53,434,000. Vaughan Nelson Investment Management L.P. owned approximately 1.09% of CSW Industrials at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in CSW. Integrated Wealth Concepts LLC raised its stake in CSW Industrials by 20.0% in the first quarter. Integrated Wealth Concepts LLC now owns 970 shares of the basic materials company’s stock valued at $283,000 after buying an additional 162 shares during the period. GAMMA Investing LLC bought a new position in CSW Industrials in the 4th quarter valued at about $50,000. Harbor Investment Advisory LLC bought a new position in CSW Industrials in the 4th quarter valued at about $92,000. Eastern Bank acquired a new stake in shares of CSW Industrials during the fourth quarter worth $122,000. Finally, AQR Capital Management LLC boosted its holdings in CSW Industrials by 12.4% in 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 period. Institutional investors own 82.79% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CSW. CJS Securities raised shares of CSW Industrials to a “strong-buy” rating in a research note on Thursday, December 11th. The Goldman Sachs Group raised their price target on shares of CSW Industrials from $302.00 to $333.00 and gave the company a “neutral” rating in a research note on Tuesday, January 13th. Jefferies Financial Group set a $350.00 target price on CSW Industrials in a report on Wednesday, December 3rd. Truist Financial lifted their price objective on CSW Industrials from $271.00 to $292.00 and gave the stock a “hold” rating in a research report on Monday, February 2nd. Finally, Citigroup cut their target price on shares of CSW Industrials from $333.00 to $307.00 and set a “neutral” rating on the stock in a research note on Friday, January 30th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $327.14.

Insider Activity

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

CSW Industrials Stock Performance

Shares of CSW stock opened at $260.12 on Tuesday. CSW Industrials, Inc. has a 12 month low of $230.45 and a 12 month high of $338.90. The firm’s 50 day moving average is $285.94 and its 200 day moving average is $276.62. The company has a current ratio of 2.36, a quick ratio of 0.97 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $4.28 billion, a P/E ratio of 34.50 and a beta of 0.81.

CSW Industrials (NYSE:CSW) last issued its quarterly earnings data 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). CSW Industrials had a net margin of 12.64% and a return on equity of 14.55%. The firm had revenue of $232.99 million for the quarter, compared to analysts’ expectations of $249.36 million. On average, sell-side analysts anticipate that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Announces Dividend

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