Brokerages Set CSW Industrials, Inc. (NYSE:CSW) Target Price at $328.67

Shares of CSW Industrials, Inc. (NYSE:CSW) have been given an average rating of “Hold” by the eight analysts that are presently covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $314.8333.

CSW has been the subject of a number of recent research reports. JPMorgan Chase & Co. raised CSW Industrials from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $300.00 to $350.00 in a report on Wednesday, December 3rd. Citigroup increased their price objective on CSW Industrials from $259.00 to $311.00 and gave the stock a “neutral” rating in a research note on Monday, December 8th. Truist Financial lifted their price objective on CSW Industrials from $273.00 to $276.00 and gave the company a “hold” rating in a report on Wednesday, October 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CSW Industrials in a report on Monday. Finally, Jefferies Financial Group set a $350.00 target price on shares of CSW Industrials in a research report on Wednesday, December 3rd.

Insiders Place Their Bets

In other CSW Industrials news, EVP Don Sullivan sold 4,136 shares of CSW Industrials stock in a transaction on Monday, December 8th. The stock was sold at an average price of $301.41, for a total value of $1,246,631.76. Following the completion of the transaction, the executive vice president owned 18,196 shares in the company, valued at approximately $5,484,456.36. The trade was a 18.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction on Monday, December 15th. The stock was sold at an average price of $317.40, for a total value of $317,400.00. Following the sale, the chief executive officer owned 64,493 shares in the company, valued at $20,470,078.20. The trade was a 1.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 8,366 shares of company stock worth $2,403,173 over the last ninety days. 1.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Matrix Trust Co grew its holdings in CSW Industrials by 91.1% during the 2nd quarter. Matrix Trust Co now owns 86 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 41 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of CSW Industrials by 517.6% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 105 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 88 shares in the last quarter. Harbor Investment Advisory LLC grew its stake in shares of CSW Industrials by 27.3% during the second quarter. Harbor Investment Advisory LLC now owns 275 shares of the basic materials company’s stock valued at $79,000 after purchasing an additional 59 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of CSW Industrials by 44.6% in the second quarter. GAMMA Investing LLC now owns 428 shares of the basic materials company’s stock valued at $123,000 after purchasing an additional 132 shares in the last quarter. Finally, Entropy Technologies LP bought a new position in CSW Industrials in the 1st quarter worth approximately $262,000. Institutional investors and hedge funds own 82.79% of the company’s stock.

CSW Industrials Price Performance

NYSE:CSW opened at $310.16 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.32 and a current ratio of 2.76. The company has a 50-day moving average of $261.77 and a 200-day moving average of $271.72. CSW Industrials has a 52 week low of $230.45 and a 52 week high of $401.02. The company has a market capitalization of $5.18 billion, a price-to-earnings ratio of 36.40 and a beta of 0.83.

CSW Industrials (NYSE:CSW) last posted its quarterly earnings results on Thursday, October 30th. The basic materials company reported $2.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.73 by $0.23. CSW Industrials had a net margin of 14.88% and a return on equity of 14.74%. As a group, equities research analysts anticipate that CSW Industrials will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, October 31st were paid a $0.27 dividend. The ex-dividend date was Friday, October 31st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.3%. CSW Industrials’s payout ratio is 12.68%.

About CSW Industrials

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.