CSW Industrials, Inc. $CSW Shares Acquired by Grandeur Peak Global Advisors LLC

Grandeur Peak Global Advisors LLC increased its position in shares of CSW Industrials, Inc. (NYSE:CSW) by 19.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,793 shares of the basic materials company’s stock after buying an additional 1,885 shares during the quarter. CSW Industrials comprises approximately 0.8% of Grandeur Peak Global Advisors LLC’s portfolio, making the stock its 27th largest position. Grandeur Peak Global Advisors LLC owned about 0.07% of CSW Industrials worth $3,282,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in CSW. Nicholas Company Inc. acquired a new stake in CSW Industrials during the fourth quarter worth $3,290,000. Port Capital LLC acquired a new position in shares of CSW Industrials in the 2nd quarter valued at $1,392,000. Mawer Investment Management Ltd. purchased a new position in shares of CSW Industrials during the 4th quarter worth $4,454,000. LRT Capital Management LLC purchased a new position in shares of CSW Industrials during the 4th quarter worth $1,550,000. Finally, Norges Bank acquired a new stake in shares of CSW Industrials during the 4th quarter worth about $86,425,000. 82.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Jeff Underwood sold 720 shares of CSW Industrials 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 transaction, the executive vice president owned 6,409 shares in the company, valued at approximately $2,223,666.64. The trade was a 10.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Joseph B. Armes sold 1,500 shares of the company’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 sale, the chief executive officer directly owned 69,100 shares in the company, valued at approximately $19,314,832. The trade was a 2.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

CSW has been the topic of a number of recent analyst reports. Weiss Ratings raised shares of CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 3rd. Citigroup lifted their price target 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. JPMorgan Chase & Co. lifted their price target on shares of CSW Industrials from $350.00 to $380.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Zacks Research downgraded shares of CSW Industrials from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Finally, Wells Fargo & Company upped their price objective on shares of CSW Industrials from $285.00 to $320.00 and gave the stock an “equal weight” rating in a report on Friday, July 31st. Two 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, CSW Industrials presently has an average rating of “Moderate Buy” and a consensus target price of $347.57.

CSW Industrials Price Performance

CSW opened at $318.97 on Monday. The stock’s 50-day moving average price is $304.99 and its 200 day moving average price is $287.90. CSW Industrials, Inc. has a 12-month low of $230.45 and a 12-month high of $355.48. The firm has a market cap of $5.20 billion, a price-to-earnings ratio of 43.75 and a beta of 0.83. The company has a current ratio of 2.70, a quick ratio of 1.36 and a debt-to-equity ratio of 0.77.

CSW Industrials (NYSE:CSW) last released its earnings results on Thursday, July 30th. The basic materials company reported $3.84 earnings per share for the quarter, beating the consensus estimate of $3.66 by $0.18. The company had revenue of $350.65 million during the quarter. CSW Industrials had a return on equity of 17.41% and a net margin of 10.34%.The firm’s quarterly revenue 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 Announces Dividend

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

CSW Industrials 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.