CSW Industrials, Inc. (NYSE:CSW) Receives $327.14 Average PT from Brokerages

Shares of CSW Industrials, Inc. (NYSE:CSW) have been given an average rating of “Hold” by the nine analysts that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $328.4286.

Several research analysts have commented on the stock. Zacks Research lowered shares of CSW Industrials from a “hold” rating to a “strong sell” rating in a report on Friday, February 6th. Truist Financial upped their price objective on shares of CSW Industrials from $292.00 to $301.00 and gave the stock a “hold” rating in a report on Monday. Wells Fargo & Company decreased their price target on shares of CSW Industrials from $300.00 to $280.00 and set an “equal weight” rating for the company in a research note on Monday, February 2nd. Robert W. Baird initiated coverage on shares of CSW Industrials in a research note on Tuesday, February 17th. They issued an “outperform” rating and a $378.00 price target for the company. Finally, Citigroup decreased their price target on shares of CSW Industrials from $333.00 to $307.00 and set a “neutral” rating for the company in a research note on Friday, January 30th.

Insider Activity

In other news, SVP Luke Alverson sold 1,007 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $3,581,042.27. This trade represents a 6.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Don Sullivan sold 166 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $300.26, for a total transaction of $49,843.16. Following the sale, the executive vice president directly owned 21,567 shares in the company, valued at approximately $6,475,707.42. The trade was a 0.76% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 3,173 shares of company stock valued at $905,981. Company insiders own 1.30% of the company’s stock.

Institutional Trading of CSW Industrials

Institutional investors have recently made changes to their positions in the stock. 1900 Wealth Management LLC purchased a new stake in shares of CSW Industrials during the 4th quarter valued at about $5,363,000. Harbor Capital Advisors Inc. purchased a new stake in shares of CSW Industrials during the 4th quarter valued at about $2,359,000. Jacobson & Schmitt Advisors LLC purchased a new position in shares of CSW Industrials in the fourth quarter worth approximately $18,341,000. Avior Wealth Management LLC purchased a new position in shares of CSW Industrials in the fourth quarter worth approximately $807,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of CSW Industrials in the fourth quarter worth approximately $41,461,000. Hedge funds and other institutional investors own 82.79% of the company’s stock.

CSW Industrials Trading Up 2.0%

NYSE:CSW opened at $296.35 on Friday. The company has a fifty day moving average of $279.60 and a 200 day moving average of $280.34. CSW Industrials has a 52 week low of $230.45 and a 52 week high of $338.90. 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 capitalization of $4.88 billion, a P/E ratio of 39.30 and a beta of 0.84.

CSW Industrials (NYSE:CSW) last issued its quarterly earnings data on Thursday, January 29th. The basic materials company reported $1.42 EPS for the quarter, missing the consensus estimate of $1.93 by ($0.51). CSW Industrials had a return on equity of 14.55% and a net margin of 12.64%.The company had revenue of $232.99 million during the quarter, compared to the consensus estimate of $249.36 million. On average, research analysts predict that CSW Industrials will post 9.9 earnings per share for the current year.

CSW Industrials Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Friday, April 24th will be given a dividend of $0.30 per share. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, April 24th. This represents a $1.20 annualized dividend and a yield of 0.4%. CSW Industrials’s payout ratio is currently 14.32%.

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.