ProShare Advisors LLC Takes $931,000 Position in CSW Industrials, Inc. $CSW

ProShare Advisors LLC purchased a new stake in CSW Industrials, Inc. (NYSE:CSW) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,172 shares of the basic materials company’s stock, valued at approximately $931,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CSW. AQR Capital Management LLC boosted its holdings 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 valued at $1,654,000 after buying an additional 624 shares during the period. Integrated Wealth Concepts LLC boosted its holdings in shares of CSW Industrials by 20.0% in the first quarter. Integrated Wealth Concepts LLC now owns 970 shares of the basic materials company’s stock valued at $283,000 after buying an additional 162 shares during the period. GAMMA Investing LLC acquired a new position in shares of CSW Industrials in the fourth quarter valued at approximately $50,000. Anderson Hoagland & Co. acquired a new position in shares of CSW Industrials in the fourth quarter valued at approximately $365,000. Finally, Park Avenue Securities LLC acquired a new position in shares of CSW Industrials in the fourth quarter valued at approximately $746,000. Institutional investors and hedge funds own 82.79% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CSW shares. Truist Financial upped their price target on shares of CSW Industrials from $292.00 to $301.00 and gave the company a “hold” rating in a report on Monday, April 20th. Citigroup reduced their price target on shares of CSW Industrials from $333.00 to $307.00 and set a “neutral” rating for the company in a report on Friday, January 30th. Zacks Research upgraded shares of CSW Industrials from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. Robert W. Baird assumed coverage on shares of CSW Industrials in a report on Tuesday, February 17th. They issued an “outperform” rating and a $378.00 price target for the company. Finally, Wells Fargo & Company cut their price objective on shares of 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. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $328.43.

Insider Activity

In other news, Director Darron K. Ash purchased 300 shares of the company’s stock in a transaction on Friday, March 13th. The shares were purchased at an average cost of $256.62 per share, with a total value of $76,986.00. Following the completion of the transaction, the director owned 1,155 shares of the company’s stock, valued at $296,396.10. The trade was a 35.09% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Don Sullivan sold 166 shares of the company’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $300.26, for a total transaction of $49,843.16. Following the sale, the executive vice president directly owned 21,567 shares in the company, valued at $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. Over the last three months, insiders sold 3,680 shares of company stock valued at $1,039,568. 1.30% of the stock is owned by insiders.

CSW Industrials Stock Performance

NYSE CSW opened at $277.83 on Tuesday. The company has a current ratio of 2.36, a quick ratio of 0.97 and a debt-to-equity ratio of 0.72. The firm’s fifty day moving average price is $273.73 and its two-hundred day moving average price is $285.29. CSW Industrials, Inc. has a 1 year low of $230.45 and a 1 year high of $337.02. The firm 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 declared a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, April 24th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend 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 payout ratio is currently 15.92%.

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.