Swiss National Bank Reduces Holdings in CSW Industrials, Inc. (NYSE:CSW)

Swiss National Bank lowered its position in CSW Industrials, Inc. (NYSE:CSW) by 0.6% during the first quarter, Holdings Channel.com reports. The institutional investor owned 32,549 shares of the basic materials company’s stock after selling 200 shares during the period. Swiss National Bank’s holdings in CSW Industrials were worth $9,489,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in CSW Industrials by 517.6% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 105 shares of the basic materials company’s stock valued at $31,000 after buying an additional 88 shares during the last quarter. Cary Street Partners Financial LLC purchased a new stake in CSW Industrials in the first quarter valued at approximately $313,000. US Bancorp DE boosted its position in CSW Industrials by 5.0% in the first quarter. US Bancorp DE now owns 2,629 shares of the basic materials company’s stock valued at $766,000 after buying an additional 125 shares during the last quarter. Natixis Advisors LLC boosted its position in CSW Industrials by 27.0% in the first quarter. Natixis Advisors LLC now owns 58,955 shares of the basic materials company’s stock valued at $17,187,000 after buying an additional 12,518 shares during the last quarter. Finally, Federated Hermes Inc. boosted its position in CSW Industrials by 1,539.2% in the first quarter. Federated Hermes Inc. now owns 68,766 shares of the basic materials company’s stock valued at $20,047,000 after buying an additional 64,571 shares during the last quarter. Hedge funds and other institutional investors own 82.79% of the company’s stock.

CSW Industrials Trading Down 2.4%

Shares of NYSE:CSW opened at $259.45 on Friday. CSW Industrials, Inc. has a 12-month low of $241.99 and a 12-month high of $436.50. The company has a market capitalization of $4.36 billion, a PE ratio of 31.00 and a beta of 0.91. The business has a 50 day moving average of $289.69 and a two-hundred day moving average of $299.95. The company has a current ratio of 2.86, a quick ratio of 1.48 and a debt-to-equity ratio of 0.09.

CSW Industrials (NYSE:CSW) last announced its quarterly earnings results on Thursday, July 31st. The basic materials company reported $2.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.62 by $0.23. CSW Industrials had a return on equity of 13.78% and a net margin of 15.18%. The company had revenue of $263.65 million during the quarter, compared to the consensus estimate of $278.27 million. As a group, analysts forecast that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Friday, July 25th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.4%. CSW Industrials’s payout ratio is presently 12.90%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CSW. Citigroup upped their target price on CSW Industrials from $313.00 to $321.00 and gave the company a “neutral” rating in a research report on Friday, May 23rd. Truist Financial set a $273.00 target price on CSW Industrials and gave the company a “hold” rating in a research report on Tuesday, August 5th. Finally, Wells Fargo & Company decreased their price target on CSW Industrials from $305.00 to $285.00 and set an “equal weight” rating for the company in a report on Friday, August 1st. Five research analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $319.75.

Insider Buying and Selling

In other news, EVP James E. Perry sold 145 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $275.05, for a total transaction of $39,882.25. Following the completion of the transaction, the executive vice president directly owned 25,178 shares of the company’s stock, valued at $6,925,208.90. This represents a 0.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Don Sullivan sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $301.05, for a total value of $301,050.00. Following the transaction, the executive vice president directly owned 23,708 shares of the company’s stock, valued at approximately $7,137,293.40. The trade was a 4.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,609 shares of company stock valued at $1,381,198 in the last three months. 1.30% of the stock is currently owned by company insiders.

CSW Industrials Company Profile

CSW Industrials, Inc operates as a diversified industrial company in the United States and internationally. It operates through three segments: Contractor Solutions, Engineered Building Solutions, and Specialized Reliability Solutions. The Contractor Solutions segment provides condensate pads, pans, pumps, switches, and traps; cements, diffusers, grilles, registers, solvents, thread sealants, and vents; line set covers; refrigerant caps; wire pulling head tools; electrical protection, chemical maintenance, and installation supplies for HVAC; ductless mini-split systems installation support tools and accessories; and drain waste and vent system products for use in HVAC/R, plumbing, general industrial, architecturally specified building products.