Quantbot Technologies LP Takes Position in CSW Industrials, Inc. $CSW

Quantbot Technologies LP bought a new position in shares of CSW Industrials, Inc. (NYSE:CSW) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,278 shares of the basic materials company’s stock, valued at approximately $1,191,000.

Other large investors have also made changes to their positions in the company. AQR Capital Management LLC increased its position in 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 purchasing an additional 624 shares during the period. Integrated Wealth Concepts LLC lifted its position in CSW Industrials by 20.0% during 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. CWM LLC acquired a new position in CSW Industrials during the 4th quarter valued at about $32,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of CSW Industrials in the 4th quarter valued at about $1,046,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of CSW Industrials in the 4th quarter valued at about $672,000. Institutional investors and hedge funds own 82.79% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Jeff Underwood sold 720 shares of the company’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $346.96, for a total value of $249,811.20. Following the completion of the sale, the executive vice president owned 6,409 shares in the company, valued at $2,223,666.64. This represents a 10.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Joseph B. Armes sold 1,500 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $279.52, for a total value of $419,280.00. Following the sale, the chief executive officer directly owned 69,100 shares in the company, valued at $19,314,832. The trade was a 2.12% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of CSW Industrials from $350.00 to $380.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Wells Fargo & Company raised their price objective on shares of CSW Industrials from $285.00 to $320.00 and gave the company an “equal weight” rating in a research note on Friday, July 31st. Zacks Research lowered shares of CSW Industrials from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Citigroup upped their target price on shares of CSW Industrials from $304.00 to $340.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Finally, Truist Financial increased their price target on CSW Industrials from $313.00 to $332.00 and gave the company a “hold” rating in a research note on Monday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $347.57.

CSW Industrials Stock Performance

Shares of CSW stock opened at $323.49 on Wednesday. The stock has a market cap of $5.27 billion, a PE ratio of 44.37 and a beta of 0.83. The stock has a 50-day moving average of $302.40 and a 200-day moving average of $287.25. 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, Inc. has a one year low of $230.45 and a one year high of $355.48.

CSW Industrials (NYSE:CSW) last released its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.84 earnings per share for the quarter, topping the consensus estimate of $3.66 by $0.18. The business had revenue of $350.65 million for the quarter. CSW Industrials had a net margin of 10.34% and a return on equity of 17.41%. CSW Industrials’s revenue for the quarter was up 33.0% on a year-over-year basis. As a group, sell-side analysts expect that CSW Industrials, Inc. will post 12.77 earnings per share for the current year.

CSW Industrials Dividend Announcement

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

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.