CSW Industrials, Inc. (NYSE:CSW) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of CSW Industrials, Inc. (NYSE:CSW) have earned an average rating of “Moderate Buy” from the nine analysts that are currently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation, one has given a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $347.5714.

Several equities research analysts recently issued reports on CSW shares. Zacks Research downgraded shares of CSW Industrials from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Truist Financial raised their target price on CSW Industrials from $313.00 to $332.00 and gave the company a “hold” rating in a research note on Monday, August 3rd. Citigroup lifted their target price 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 note on Monday, August 3rd. Finally, Wells Fargo & Company increased their price target on CSW Industrials from $285.00 to $320.00 and gave the company an “equal weight” rating in a report on Friday, July 31st.

Insider Activity

In other news, EVP Jeff Underwood sold 720 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $346.96, for a total transaction of $249,811.20. Following the completion of the transaction, the executive vice president directly owned 6,409 shares in the company, valued at approximately $2,223,666.64. This represents a 10.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.20% of the stock is currently owned by insiders.

Institutional Trading of CSW Industrials

Several institutional investors have recently added to or reduced their stakes in CSW. California State Teachers Retirement System grew its holdings in CSW Industrials by 26,971.5% during the 2nd quarter. California State Teachers Retirement System now owns 5,294,379 shares of the basic materials company’s stock worth $1,473,426,000 after acquiring an additional 5,274,822 shares in the last quarter. BlackRock Inc. bought a new stake in shares of CSW Industrials in the 2nd quarter worth about $686,462,000. Capital World Investors bought a new stake in shares of CSW Industrials in the 4th quarter worth about $308,934,000. Wasatch Advisors LP raised its stake in shares of CSW Industrials by 31.1% in the 1st quarter. Wasatch Advisors LP now owns 873,659 shares of the basic materials company’s stock valued at $227,658,000 after purchasing an additional 207,186 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in shares of CSW Industrials in the 4th quarter valued at about $237,891,000. 82.79% of the stock is owned by institutional investors and hedge funds.

CSW Industrials Stock Performance

CSW Industrials stock opened at $299.71 on Monday. The stock’s 50-day moving average is $310.07 and its 200-day moving average is $287.43. The company has a market cap of $4.88 billion, a price-to-earnings ratio of 41.11 and a beta of 0.81. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.70 and a quick ratio of 1.36. CSW Industrials has a 12 month low of $230.45 and a 12 month high of $355.48.

CSW Industrials (NYSE:CSW) last issued its earnings results on Thursday, July 30th. The basic materials company reported $3.84 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter. CSW Industrials’s revenue was up 33.0% on a year-over-year basis. Equities analysts anticipate that CSW Industrials 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. Shareholders of record on Friday, July 31st were issued a dividend of $0.30 per share. The ex-dividend date was Friday, July 31st. This represents a $1.20 annualized dividend and a yield of 0.4%. CSW Industrials’s payout ratio is currently 16.46%.

CSW Industrials Company Profile

CSW Industrials, Inc is a diversified industrial company that develops, manufactures and sells specialized products serving the building, construction, industrial and energy markets. Its offerings are sold under a portfolio of established brands and are designed for applications including heating, ventilation and air conditioning, refrigeration, plumbing, electrical systems and building safety.

The company operates through three primary business segments: Contractor Solutions, Specialized Reliability Solutions and Engineered Building Solutions.