CI Investments Inc. Has $11.78 Million Holdings in CSW Industrials, Inc. $CSW

CI Investments Inc. lessened its position in shares of CSW Industrials, Inc. (NYSE:CSW) by 5.1% in the first quarter, HoldingsChannel reports. The fund owned 45,212 shares of the basic materials company’s stock after selling 2,412 shares during the period. CI Investments Inc.’s holdings in CSW Industrials were worth $11,781,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in CSW. Valley Wealth Managers Inc. bought a new position in shares of CSW Industrials during the first quarter worth approximately $26,000. Arax Advisory Partners bought a new stake in CSW Industrials in the 4th quarter valued at $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. acquired a new position in CSW Industrials in the 4th quarter valued at $31,000. Finally, Global Retirement Partners LLC acquired a new position in CSW Industrials in the 4th quarter valued at $31,000. Institutional investors and hedge funds own 82.79% of the company’s stock.

Insider Activity

In related news, CEO Joseph B. Armes sold 1,500 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $279.52, for a total transaction of $419,280.00. Following the completion of the sale, the chief executive officer owned 69,100 shares of the company’s stock, valued at $19,314,832. This represents a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Luke Alverson sold 1,007 shares of the stock in a transaction dated 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 owned 12,450 shares in the company, valued at $3,605,146.50. The trade was a 7.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 4,007 shares of company stock valued at $1,136,787 in the last ninety days. 1.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CSW. Wells Fargo & Company increased their price objective 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. Citigroup reduced 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 report on Wednesday, May 27th. Weiss Ratings downgraded shares of CSW Industrials from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, July 14th. Truist Financial raised their price target on shares of CSW Industrials from $300.00 to $313.00 and gave the stock a “hold” rating in a research report on Thursday, July 2nd. Finally, Zacks Research upgraded shares of CSW Industrials from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 8th. Three research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, CSW Industrials presently has a consensus rating of “Moderate Buy” and an average price target of $330.43.

CSW Industrials Price Performance

CSW Industrials stock opened at $282.36 on Thursday. The stock’s fifty day moving average price is $275.44 and its two-hundred day moving average price is $284.00. CSW Industrials, Inc. has a one year low of $230.45 and a one 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 firm has a market cap of $4.60 billion, a PE ratio of 42.27 and a beta of 0.84.

CSW Industrials (NYSE:CSW) last announced its quarterly earnings data on Tuesday, May 26th. The basic materials company reported $3.14 earnings per share for the quarter, beating the consensus estimate of $2.34 by $0.80. The firm had revenue of $308.96 million during the quarter. CSW Industrials had a return on equity of 15.91% and a net margin of 10.35%.The firm’s revenue was up 34.0% on a year-over-year basis. As a group, research analysts expect that CSW Industrials, Inc. will post 12.52 EPS for the current fiscal year.

CSW Industrials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Friday, July 31st. CSW Industrials’s payout ratio is 17.96%.

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.