Venturi Wealth Management LLC Takes Position in CSW Industrials, Inc. $CSW

Venturi Wealth Management LLC purchased a new position in CSW Industrials, Inc. (NYSE:CSW) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,938 shares of the basic materials company’s stock, valued at approximately $505,000.

A number of other large investors have also recently made changes to their positions in CSW. Arax Advisory Partners bought a new stake in CSW Industrials during the fourth quarter valued at approximately $28,000. Danske Bank A S bought a new stake in CSW Industrials in the 4th quarter valued at $29,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of CSW Industrials during the 4th quarter worth approximately $31,000. Global Retirement Partners LLC bought a new position in shares of CSW Industrials in the 4th quarter valued at about $31,000. Finally, CWM LLC purchased a new stake in shares of CSW Industrials in the fourth quarter valued at $32,000. 82.79% of the stock is currently owned by institutional investors.

CSW Industrials Trading Down 0.0%

Shares of NYSE:CSW opened at $282.53 on Monday. CSW Industrials, Inc. has a 1 year low of $230.45 and a 1 year high of $337.02. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.60 and a quick ratio of 1.23. The business’s 50 day moving average price is $276.92 and its 200-day moving average price is $287.49. The firm has a market capitalization of $4.61 billion, a price-to-earnings ratio of 42.30 and a beta of 0.84.

CSW Industrials (NYSE:CSW) last announced its earnings results on Tuesday, May 26th. The basic materials company reported $3.14 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $0.80. CSW Industrials had a return on equity of 15.91% and a net margin of 10.35%.The business had revenue of $308.96 million during the quarter. CSW Industrials’s quarterly revenue was up 34.0% compared to the same quarter last year. On average, equities research analysts forecast that CSW Industrials, Inc. will post 12.52 earnings per share for the current fiscal year.

CSW Industrials Increases Dividend

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

Wall Street Analyst Weigh In

CSW has been the topic of a number of research reports. Zacks Research raised shares of CSW Industrials from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. Weiss Ratings raised shares of CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Wells Fargo & Company boosted their price target on CSW Industrials from $280.00 to $285.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 27th. Truist Financial decreased their price target on shares of CSW Industrials from $301.00 to $300.00 and set a “hold” rating for the company in a research report on Wednesday, May 27th. Finally, Citigroup lowered their target price on shares of CSW Industrials from $307.00 to $304.00 and set a “neutral” rating for the company in a research note on Wednesday, May 27th. Three investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, CSW Industrials has a consensus rating of “Moderate Buy” and an average price target of $328.57.

Insider Buying and Selling at CSW Industrials

In other news, SVP Luke Alverson sold 1,007 shares of the stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of $266.11, for a total value of $267,972.77. Following the completion of the sale, the senior vice president owned 13,457 shares of the company’s stock, valued at $3,581,042.27. This represents a 6.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Don Sullivan sold 166 shares of the business’s stock in a transaction dated 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 approximately $6,475,707.42. This trade represents a 0.76% decrease in their ownership of the stock. 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 have sold 6,680 shares of company stock worth $1,884,758 in the last ninety days. 1.30% of the stock is owned by insiders.

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.