Saturna Capital Corp Takes $893,000 Position in CSW Industrials, Inc. $CSW

Saturna Capital Corp purchased a new position in CSW Industrials, Inc. (NYSE:CSW) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,042 shares of the basic materials company’s stock, valued at approximately $893,000.

Other institutional investors also recently added to or reduced their stakes in the company. Danske Bank A S bought a new stake in CSW Industrials during the 4th quarter valued at about $29,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in CSW Industrials in the 4th quarter valued at about $31,000. Global Retirement Partners LLC bought a new position in CSW Industrials in the 4th quarter worth about $31,000. CWM LLC purchased a new position in shares of CSW Industrials during the fourth quarter worth approximately $32,000. Finally, Salomon & Ludwin LLC purchased a new position in shares of CSW Industrials during the fourth quarter worth approximately $36,000. Hedge funds and other institutional investors own 82.79% of the company’s stock.

CSW Industrials Price Performance

Shares of CSW opened at $266.11 on Thursday. 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 moving average price of $277.00 and a 200-day moving average price of $287.75. CSW Industrials, Inc. has a fifty-two week low of $230.45 and a fifty-two week high of $337.02. The stock has a market capitalization of $4.34 billion, a PE ratio of 39.84 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, beating the consensus estimate of $2.34 by $0.80. The company had revenue of $308.96 million for the quarter. CSW Industrials had a net margin of 10.35% and a return on equity of 15.91%. CSW Industrials’s revenue for the quarter was up 34.0% compared to the same quarter last year. Equities analysts predict that CSW Industrials, Inc. will post 12.52 earnings per share for the current fiscal year.

CSW Industrials Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, April 24th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.5%. 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 dividend payout ratio is presently 17.96%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Truist Financial lowered their price target on CSW Industrials from $301.00 to $300.00 and set a “hold” rating for the company in a report on Wednesday, May 27th. Zacks Research upgraded CSW Industrials from a “hold” rating to a “strong-buy” rating in a report on Monday. Weiss Ratings raised CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Wells Fargo & Company upped their target price on CSW Industrials from $280.00 to $285.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 27th. Finally, Robert W. Baird started coverage on CSW Industrials in a research report on Tuesday, February 17th. They set an “outperform” rating and a $378.00 price target on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $328.57.

Insider Buying and Selling

In other CSW Industrials news, SVP Luke Alverson sold 1,007 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $289.57, for a total value of $291,596.99. Following the completion of the transaction, the senior vice president directly owned 12,450 shares in the company, valued at approximately $3,605,146.50. The trade was a 7.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Darron K. Ash bought 300 shares of CSW Industrials stock in a transaction on 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 acquisition, the director directly owned 1,155 shares of the company’s stock, valued at $296,396.10. This represents a 35.09% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have sold 5,180 shares of company stock valued at $1,465,478. Company insiders own 1.30% of the company’s stock.

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.