HMS Capital Management LLC Makes New Investment in CSW Industrials, Inc. $CSW

HMS Capital Management LLC purchased a new position in shares of CSW Industrials, Inc. (NYSE:CSW) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,254 shares of the basic materials company’s stock, valued at approximately $662,000.

Other hedge funds also recently modified their holdings of the company. AQR Capital Management LLC increased its position in CSW Industrials by 12.4% during 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 period. Integrated Wealth Concepts LLC boosted its holdings in CSW Industrials by 20.0% in the 1st quarter. Integrated Wealth Concepts LLC now owns 970 shares of the basic materials company’s stock valued at $283,000 after purchasing an additional 162 shares during the period. GAMMA Investing LLC bought a new stake in CSW Industrials in the 4th quarter valued at $50,000. Anderson Hoagland & Co. acquired a new stake in CSW Industrials in the 4th quarter worth $365,000. Finally, Park Avenue Securities LLC acquired a new stake in CSW Industrials in the 4th quarter worth $746,000. 82.79% of the stock is owned by institutional investors.

CSW Industrials Trading Up 0.0%

Shares of CSW stock opened at $260.62 on Thursday. CSW Industrials, Inc. has a 52-week low of $230.45 and a 52-week high of $338.90. The stock has a market cap of $4.29 billion, a price-to-earnings ratio of 34.56 and a beta of 0.84. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.97 and a current ratio of 2.36. The firm has a fifty day moving average of $283.38 and a 200-day moving average of $276.58.

CSW Industrials (NYSE:CSW) last issued its earnings results on Thursday, January 29th. The basic materials company reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.93 by ($0.51). The business had revenue of $232.99 million for the quarter, compared to analyst estimates of $249.36 million. CSW Industrials had a net margin of 12.64% and a return on equity of 14.55%. On average, equities research analysts forecast that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, January 30th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Friday, January 30th. CSW Industrials’s payout ratio is presently 14.32%.

Insider Buying and Selling at CSW Industrials

In other news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $328.64, for a total value of $328,640.00. Following the completion of the transaction, the chief executive officer directly owned 62,526 shares of the company’s stock, valued at approximately $20,548,544.64. This represents a 1.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Luke Alverson sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $316.02, for a total value of $158,010.00. Following the transaction, the senior vice president owned 12,450 shares of the company’s stock, valued at $3,934,449. This trade represents a 3.86% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CSW shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CSW Industrials in a research report on Monday, December 29th. Wells Fargo & Company decreased their target price on CSW Industrials from $300.00 to $280.00 and set an “equal weight” rating on the stock in a research report on Monday, February 2nd. JPMorgan Chase & Co. upgraded CSW Industrials from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $300.00 to $350.00 in a research note on Wednesday, December 3rd. CJS Securities raised CSW Industrials to a “strong-buy” rating in a report on Thursday, December 11th. Finally, The Goldman Sachs Group raised their price objective on CSW Industrials from $302.00 to $333.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 13th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $327.14.

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.