CSW Industrials, Inc. (NYSE:CSW) Receives $327.14 Average Target Price from Analysts

CSW Industrials, Inc. (NYSE:CSW) has earned an average rating of “Hold” from the nine ratings firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating, one has assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $327.1429.

Several brokerages recently commented on CSW. Weiss Ratings reissued a “hold (c+)” rating on shares of CSW Industrials in a research report on Monday, December 29th. Truist Financial boosted their price target on CSW Industrials from $271.00 to $292.00 and gave the stock a “hold” rating in a research report on Monday, February 2nd. Zacks Research cut CSW Industrials from a “hold” rating to a “strong sell” rating in a research note on Friday, February 6th. JPMorgan Chase & Co. upgraded shares of CSW Industrials from a “neutral” rating to an “overweight” rating and upped their price target for the company from $300.00 to $350.00 in a research note on Wednesday, December 3rd. Finally, Wells Fargo & Company decreased their price objective on CSW Industrials from $300.00 to $280.00 and set an “equal weight” rating on the stock in a report on Monday, February 2nd.

CSW Industrials Stock Performance

Shares of CSW stock opened at $269.70 on Monday. The company’s fifty day simple moving average is $290.11 and its 200-day simple moving average is $276.40. The company has a quick ratio of 0.97, a current ratio of 2.36 and a debt-to-equity ratio of 0.72. The firm has a market cap of $4.44 billion, a PE ratio of 35.77 and a beta of 0.81. CSW Industrials has a 12 month low of $230.45 and a 12 month high of $338.90.

CSW Industrials (NYSE:CSW) last released its earnings results on Thursday, January 29th. The basic materials company reported $1.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.51). CSW Industrials had a net margin of 12.64% and a return on equity of 14.55%. The business had revenue of $232.99 million during the quarter, compared to the consensus estimate of $249.36 million. Equities research analysts expect that CSW Industrials will post 8.49 EPS for the current fiscal year.

CSW Industrials Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 30th were paid a $0.27 dividend. The ex-dividend date was Friday, January 30th. This represents a $1.08 annualized dividend and a dividend yield of 0.4%. CSW Industrials’s dividend payout ratio is 14.32%.

Insider Buying and Selling

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $328.64, for a total value of $328,640.00. Following the completion of the sale, the chief executive officer owned 62,526 shares in the company, valued at $20,548,544.64. The trade was a 1.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Darron K. Ash acquired 300 shares of the business’s stock in a transaction on Friday, March 13th. The stock was acquired at an average cost of $256.62 per share, with a total value of $76,986.00. Following the acquisition, the director directly owned 1,155 shares in the company, valued at approximately $296,396.10. This trade represents a 35.09% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 1.30% of the stock is owned by insiders.

Institutional Investors Weigh In On CSW Industrials

A number of large investors have recently added to or reduced their stakes in CSW. Arax Advisory Partners bought a new position in CSW Industrials during the 4th quarter worth $28,000. Danske Bank A S acquired a new stake in shares of CSW Industrials during the 4th quarter worth $29,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of CSW Industrials in the fourth quarter worth $31,000. Global Retirement Partners LLC acquired a new position in CSW Industrials in the fourth quarter valued at about $31,000. Finally, CWM LLC acquired a new position in CSW Industrials in the fourth quarter valued at about $32,000. Institutional investors and hedge funds own 82.79% of the company’s stock.

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.