CSW Industrials (NYSE:CSW) Downgraded to Hold Rating by Zacks Research

Zacks Research cut shares of CSW Industrials (NYSE:CSW) from a strong-buy rating to a hold rating in a report issued on Monday morning,Zacks.com reports.

CSW has been the topic of a number of other reports. The Goldman Sachs Group boosted their price objective on CSW Industrials from $265.00 to $302.00 and gave the company a “neutral” rating in a research note on Tuesday, December 16th. CJS Securities raised shares of CSW Industrials to a “strong-buy” rating in a report on Thursday, December 11th. Citigroup increased their target price on shares of CSW Industrials from $259.00 to $311.00 and gave the stock a “neutral” rating in a research note on Monday, December 8th. Wells Fargo & Company boosted their price target on shares of CSW Industrials from $265.00 to $300.00 and gave the company an “equal weight” rating in a research report on Monday, December 15th. Finally, Truist Financial increased their price objective on CSW Industrials from $273.00 to $276.00 and gave the stock a “hold” rating in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $314.83.

CSW Industrials Stock Up 2.6%

CSW Industrials stock opened at $315.63 on Monday. The firm has a market capitalization of $5.27 billion, a price-to-earnings ratio of 37.05 and a beta of 0.82. The firm’s fifty day moving average price is $279.72 and its two-hundred day moving average price is $271.49. CSW Industrials has a 1-year low of $230.45 and a 1-year high of $401.02. The company has a current ratio of 2.76, a quick ratio of 1.32 and a debt-to-equity ratio of 0.05.

CSW Industrials (NYSE:CSW) last posted its 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%. On average, equities research analysts predict that CSW Industrials will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 14th. Investors 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 yield of 0.3%. CSW Industrials’s dividend payout ratio (DPR) is 12.68%.

Insider Buying and Selling at CSW Industrials

In other news, EVP Don Sullivan sold 4,136 shares of the stock in a transaction dated 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 transaction, the executive vice president directly owned 18,196 shares of the company’s stock, valued at approximately $5,484,456.36. This represents a 18.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Luke Alverson sold 280 shares of the company’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $272.95, for a total transaction of $76,426.00. Following the completion of the sale, the senior vice president directly owned 13,110 shares in the company, valued at $3,578,374.50. This trade represents a 2.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 8,366 shares of company stock worth $2,403,173. 1.30% of the stock is owned by corporate insiders.

Institutional Trading of CSW Industrials

Institutional investors and hedge funds have recently made changes to their positions in the business. Matrix Trust Co lifted its position in shares of CSW Industrials by 91.1% during the 2nd quarter. Matrix Trust Co now owns 86 shares of the basic materials company’s stock valued at $25,000 after buying an additional 41 shares in the last quarter. GAMMA Investing LLC purchased a new position in CSW Industrials during the fourth quarter valued at $50,000. Harbor Investment Advisory LLC grew its position in shares of CSW Industrials by 27.3% in 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 period. Integrated Wealth Concepts LLC increased its stake in shares of CSW Industrials by 20.0% during the first quarter. Integrated Wealth Concepts LLC now owns 970 shares of the basic materials company’s stock worth $283,000 after purchasing an additional 162 shares in the last quarter. Finally, United Services Automobile Association acquired a new position in shares of CSW Industrials during the 1st quarter worth about $305,000. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

About CSW Industrials

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.