CSW Industrials (NYSE:CSW) Stock Price Expected to Rise, Truist Financial Analyst Says

CSW Industrials (NYSE:CSW) had its target price raised by investment analysts at Truist Financial from $300.00 to $313.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “hold” rating on the basic materials company’s stock. Truist Financial’s price target would indicate a potential upside of 14.43% from the company’s current price.

Several other equities analysts have also recently weighed in on CSW. Weiss Ratings upgraded shares of CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Zacks Research upgraded shares of CSW Industrials from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. Wells Fargo & Company upped their target price on shares of CSW Industrials from $280.00 to $285.00 and gave the company an “equal weight” rating in a report on Wednesday, May 27th. Finally, Citigroup decreased their price target on shares of CSW Industrials from $307.00 to $304.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 27th. Three research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $330.43.

CSW Industrials Stock Performance

Shares of CSW opened at $273.54 on Thursday. The firm has a market capitalization of $4.46 billion, a P/E ratio of 40.95 and a beta of 0.84. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.60 and a quick ratio of 1.23. CSW Industrials has a one year low of $230.45 and a one year high of $337.02. The business has a fifty day moving average of $276.12 and a 200 day moving average of $286.74.

CSW Industrials (NYSE:CSW) last posted its earnings results on Tuesday, May 26th. The basic materials company reported $3.14 earnings per share for the quarter, beating analysts’ consensus estimates of $2.34 by $0.80. The company had revenue of $308.96 million for the quarter. CSW Industrials had a return on equity of 15.91% and a net margin of 10.35%.CSW Industrials’s revenue for the quarter was up 34.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that CSW Industrials will post 12.52 EPS for the current year.

Insider Buying and Selling at CSW Industrials

In other news, CEO Joseph B. Armes sold 1,500 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $279.52, for a total value of $419,280.00. Following the completion of the sale, the chief executive officer directly owned 69,100 shares of the company’s stock, valued at $19,314,832. This represents a 2.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Luke Alverson sold 1,007 shares of the firm’s stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $266.11, for a total transaction of $267,972.77. Following the sale, the senior vice president owned 13,457 shares in the company, valued at $3,581,042.27. The trade was a 6.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 6,680 shares of company stock valued at $1,884,758 over the last 90 days. 1.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Nicholas Company Inc. purchased a new stake in shares of CSW Industrials during the fourth quarter worth about $3,290,000. B. Metzler seel. Sohn & Co. AG purchased a new position in CSW Industrials in the 4th quarter worth approximately $3,635,000. Mawer Investment Management Ltd. bought a new position in CSW Industrials in the 4th quarter worth approximately $4,454,000. Norges Bank bought a new position in CSW Industrials in the 4th quarter worth approximately $86,425,000. Finally, 1900 Wealth Management LLC purchased a new stake in CSW Industrials during the 4th quarter valued at approximately $5,363,000. Institutional investors 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.