3,212 Shares in CSW Industrials, Inc. $CSW Bought by Orange Investment Advisors Inc.

Orange Investment Advisors Inc. acquired a new position in CSW Industrials, Inc. (NYSE:CSW) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 3,212 shares of the basic materials company’s stock, valued at approximately $943,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. purchased a new stake in shares of CSW Industrials during the fourth quarter worth about $515,553,000. Northwestern Mutual Wealth Management Co. purchased a new position in CSW Industrials in the fourth quarter valued at about $237,891,000. Conestoga Capital Advisors LLC purchased a new position in CSW Industrials in the fourth quarter valued at about $185,879,000. Congress Asset Management Co. acquired a new stake in CSW Industrials during the 4th quarter valued at approximately $65,002,000. Finally, Thrivent Financial for Lutherans purchased a new stake in CSW Industrials during the 4th quarter worth approximately $54,324,000. 82.79% of the stock is owned by hedge funds and other institutional investors.

CSW Industrials Trading Up 5.7%

Shares of NYSE CSW opened at $277.83 on Friday. The company has a quick ratio of 0.97, a current ratio of 2.36 and a debt-to-equity ratio of 0.72. The stock’s 50 day moving average price is $273.34 and its two-hundred day moving average price is $284.76. CSW Industrials, Inc. has a 52-week low of $230.45 and a 52-week high of $337.02. The stock has a market capitalization of $4.58 billion, a P/E ratio of 36.85 and a beta of 0.88.

CSW Industrials Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, April 24th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.4%. This is a boost from CSW Industrials’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, April 24th. CSW Industrials’s dividend payout ratio (DPR) is 15.92%.

Insider Buying and Selling at CSW Industrials

In other CSW Industrials news, Director Darron K. Ash purchased 300 shares of CSW Industrials stock in a transaction dated Friday, March 13th. The shares were bought at an average cost of $256.62 per share, for a total transaction of $76,986.00. Following the transaction, the director owned 1,155 shares in the company, valued at $296,396.10. This represents a 35.09% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Don Sullivan sold 166 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $300.26, for a total transaction of $49,843.16. Following the completion of the transaction, the executive vice president owned 21,567 shares in the company, valued at approximately $6,475,707.42. The trade was a 0.76% 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. In the last three months, insiders sold 3,680 shares of company stock worth $1,039,568. Company insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on CSW. Truist Financial upped their target price on CSW Industrials from $292.00 to $301.00 and gave the company a “hold” rating in a research report on Monday, April 20th. Robert W. Baird initiated coverage on shares of CSW Industrials in a research report on Tuesday, February 17th. They set an “outperform” rating and a $378.00 price target for the company. Citigroup dropped their price target on shares of CSW Industrials from $333.00 to $307.00 and set a “neutral” rating for the company in a research note on Friday, January 30th. Wells Fargo & Company cut their price target on shares of CSW Industrials from $300.00 to $280.00 and set an “equal weight” rating on the stock in a report on Monday, February 2nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of CSW Industrials in a research note on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $328.43.

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.