Jupiter Topco LLC Buys Shares of 131,709 CSW Industrials, Inc. $CSW

Jupiter Topco LLC purchased a new stake in shares of CSW Industrials, Inc. (NYSE:CSW) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 131,709 shares of the basic materials company’s stock, valued at approximately $36,656,000.

Other institutional investors and hedge funds have also modified their holdings of the company. AQR Capital Management LLC increased its stake in shares of CSW Industrials by 12.4% in the first quarter. AQR Capital Management LLC now owns 5,675 shares of the basic materials company’s stock worth $1,654,000 after acquiring an additional 624 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of CSW Industrials by 20.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 970 shares of the basic materials company’s stock worth $283,000 after purchasing an additional 162 shares in the last quarter. CWM LLC purchased a new stake in shares of CSW Industrials during the 4th quarter worth about $32,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of CSW Industrials during the 4th quarter valued at about $1,046,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of CSW Industrials during the 4th quarter valued at about $672,000. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

CSW Industrials Stock Up 0.2%

CSW stock opened at $318.97 on Friday. The stock has a market capitalization of $5.20 billion, a price-to-earnings ratio of 43.75 and a beta of 0.83. The company has a 50-day moving average of $304.99 and a two-hundred day moving average of $288.00. CSW Industrials, Inc. has a 52-week low of $230.45 and a 52-week high of $355.48. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.70 and a quick ratio of 1.36.

CSW Industrials (NYSE:CSW) last posted its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.84 EPS for the quarter, topping analysts’ consensus estimates of $3.66 by $0.18. CSW Industrials had a return on equity of 17.41% and a net margin of 10.34%.The business had revenue of $350.65 million for the quarter. The company’s revenue was up 33.0% compared to the same quarter last year. As a group, equities research analysts anticipate that CSW Industrials, Inc. will post 12.77 EPS for the current year.

CSW Industrials Dividend Announcement

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

Insider Activity at CSW Industrials

In other news, EVP Jeff Underwood sold 720 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $346.96, for a total transaction of $249,811.20. Following the completion of the transaction, the executive vice president directly owned 6,409 shares in the company, valued at $2,223,666.64. The trade was a 10.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Joseph B. Armes sold 1,500 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer directly 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Citigroup increased their price objective on CSW Industrials from $304.00 to $340.00 and gave the stock a “neutral” rating in a report 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. Wells Fargo & Company boosted their target price on shares of CSW Industrials from $285.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Friday, July 31st. JPMorgan Chase & Co. increased their price target on shares of CSW Industrials from $350.00 to $380.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Finally, Weiss Ratings raised shares of CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $347.57.

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.