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

Port Capital LLC purchased a new position in shares of CSW Industrials, Inc. (NYSE:CSW) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 5,000 shares of the basic materials company’s stock, valued at approximately $1,392,000.

Several other large investors also recently added to or reduced their stakes in CSW. Whittier Trust Co. grew its position in shares of CSW Industrials by 24.8% in the first quarter. Whittier Trust Co. now owns 252 shares of the basic materials company’s stock valued at $67,000 after purchasing an additional 50 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in CSW Industrials by 8.1% in the 4th quarter. Sanctuary Advisors LLC now owns 984 shares of the basic materials company’s stock worth $289,000 after purchasing an additional 74 shares during the period. Arax Advisory Partners purchased a new position in CSW Industrials during the 4th quarter valued at about $28,000. Danske Bank A S purchased a new position in CSW Industrials during the 4th quarter valued at about $29,000. Finally, Valley Wealth Managers Inc. bought a new stake in CSW Industrials during the 1st quarter worth approximately $26,000. Hedge funds and other institutional investors own 82.79% of the company’s stock.

Insider Transactions at CSW Industrials

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

CSW Industrials Price Performance

CSW stock opened at $321.85 on Thursday. The firm has a market cap of $5.24 billion, a P/E ratio of 44.15 and a beta of 0.83. The firm’s fifty day moving average is $303.42 and its 200 day moving average is $287.58. 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 quick ratio of 1.36 and a current ratio of 2.70.

CSW Industrials (NYSE:CSW) last posted its quarterly earnings results 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. CSW Industrials had a net margin of 10.34% and a return on equity of 17.41%. The business had revenue of $350.65 million during the quarter. CSW Industrials’s revenue was up 33.0% compared to the same quarter last year. Research analysts predict that CSW Industrials, Inc. will post 12.77 earnings per share for the current year.

CSW Industrials Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have recently commented on CSW. Wells Fargo & Company boosted their price target on shares of CSW Industrials from $285.00 to $320.00 and gave the company an “equal weight” rating in a research report on Friday, July 31st. Citigroup increased their price objective on CSW Industrials from $304.00 to $340.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Weiss Ratings upgraded CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 3rd. JPMorgan Chase & Co. upped their target price on CSW Industrials from $350.00 to $380.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Finally, Truist Financial raised their price target on CSW Industrials from $313.00 to $332.00 and gave the company a “hold” rating in a report on Monday, August 3rd. Two 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.com, CSW Industrials presently has an average rating of “Moderate Buy” and an average price target of $347.57.

CSW Industrials Company Profile

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.