CSW Industrials (NYSE:CSW) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of CSW Industrials (NYSE:CSW) from a hold rating to a buy rating in a research note published on Saturday,Wall Street Zen reports.

CSW has been the topic of a number of other research reports. Truist Financial increased their price target on CSW Industrials from $313.00 to $332.00 and gave the stock a “hold” rating in a research report on Monday, August 3rd. Weiss Ratings raised CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. Zacks Research cut CSW Industrials from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Citigroup upped their target price on CSW Industrials from $304.00 to $340.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Finally, JPMorgan Chase & Co. increased their target price on CSW Industrials from $350.00 to $380.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, CSW Industrials currently has a consensus rating of “Moderate Buy” and a consensus target price of $347.57.

CSW Industrials Trading Up 0.6%

Shares of CSW Industrials stock opened at $289.19 on Friday. The firm has a 50-day simple moving average of $311.44 and a two-hundred day simple moving average of $290.55. The company has a market cap of $4.71 billion, a P/E ratio of 39.67 and a beta of 0.81. CSW Industrials has a fifty-two week low of $230.96 and a fifty-two week high of $355.48. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.36 and a current ratio of 2.70.

CSW Industrials (NYSE:CSW) last posted its earnings results on Thursday, July 30th. The basic materials company reported $3.84 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarterly revenue was up 33.0% on a year-over-year basis. As a group, equities analysts predict that CSW Industrials will post 12.53 earnings per share for the current fiscal year.

CSW Industrials Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, July 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.4%. CSW Industrials’s payout ratio is currently 16.46%.

Insider Activity

In related news, CEO Joseph B. Armes sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $289.58, for a total value of $434,370.00. Following the transaction, the chief executive officer directly owned 62,736 shares of the company’s stock, valued at approximately $18,167,090.88. This trade represents a 2.34% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jeff Underwood sold 720 shares of the firm’s stock in a transaction dated Monday, August 10th. The shares were 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 $2,223,666.64. This represents a 10.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CSW Industrials

Hedge funds have recently made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of CSW Industrials in the second quarter valued at approximately $686,462,000. Wasatch Advisors LP grew its holdings in shares of CSW Industrials by 31.1% in the first 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. First Trust Advisors LP grew its holdings in shares of CSW Industrials by 14.5% in the first quarter. First Trust Advisors LP now owns 437,462 shares of the basic materials company’s stock valued at $113,994,000 after purchasing an additional 55,288 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of CSW Industrials by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 306,350 shares of the basic materials company’s stock valued at $79,830,000 after purchasing an additional 2,459 shares in the last quarter. Finally, Congress Asset Management Co. increased its stake in CSW Industrials by 0.4% during the 3rd quarter. Congress Asset Management Co. now owns 301,580 shares of the basic materials company’s stock worth $86,879,000 after buying an additional 1,074 shares during the period. Institutional investors and hedge funds own 82.79% of the company’s stock.

CSW Industrials Company Profile

CSW Industrials, Inc is a diversified industrial products company headquartered in Dallas, Texas. The company develops, manufactures and sells products used in the maintenance, repair, construction and improvement of residential, commercial and industrial infrastructure.

CSW Industrials operates through three primary business segments: Contractor Solutions, Engineered Building Solutions and Specialized Reliability Solutions. Its product portfolio includes HVAC and refrigeration products, plumbing and electrical solutions, adhesives, sealants, coatings, fire- and smoke-protection products, roofing materials, building components and specialty products designed to support the reliability and performance of industrial equipment and infrastructure.