CSW Industrials (NYSE:CSW) Given New $326.00 Price Target at Citigroup

CSW Industrials (NYSE:CSW) had its target price decreased by investment analysts at Citigroup from $340.00 to $326.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a “neutral” rating on the basic materials company’s stock. Citigroup‘s target price would suggest a potential upside of 14.69% from the stock’s previous close.

A number of other research firms also recently weighed in on CSW. Weiss Ratings reissued a “hold (c+)” rating on shares of CSW Industrials in a research report on Friday. Zacks Research downgraded shares of CSW Industrials from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Wells Fargo & Company reduced their price objective on shares of CSW Industrials from $320.00 to $290.00 and set an “equal weight” rating on the stock in a research note on Friday. Truist Financial decreased their price objective on shares of CSW Industrials from $332.00 to $328.00 and set a “hold” rating for the company in a research report on Monday. Finally, JPMorgan Chase & Co. lifted their target price on shares of CSW Industrials from $350.00 to $380.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, CSW Industrials has a consensus rating of “Moderate Buy” and an average price target of $340.71.

CSW Industrials Trading Down 1.0%

Shares of NYSE CSW traded down $2.79 during trading on Tuesday, reaching $284.25. The company had a trading volume of 37,695 shares, compared to its average volume of 143,751. The stock has a market cap of $4.63 billion, a P/E ratio of 36.54 and a beta of 0.81. The company’s fifty day moving average price is $297.23 and its 200-day moving average price is $290.74. The company has a quick ratio of 1.36, a current ratio of 2.70 and a debt-to-equity ratio of 0.77. CSW Industrials has a 12 month low of $236.66 and a 12 month high of $355.48.

CSW Industrials (NYSE:CSW) last issued its quarterly earnings data on Thursday, October 29th. The basic materials company reported $3.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.69 by ($0.03). The company had revenue of $361.44 million for the quarter. CSW Industrials had a return on equity of 17.41% and a net margin of 10.34%. CSW Industrials’s revenue was up 30.5% compared to the same quarter last year. During the same period last year, the business earned $2.96 EPS. As a group, research analysts expect that CSW Industrials will post 12.53 earnings per share for the current year.

Insider Activity at CSW Industrials

In other CSW Industrials news, EVP Jeff Underwood sold 720 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $346.96, for a total value of $249,811.20. Following the transaction, the executive vice president directly owned 6,409 shares of the company’s stock, valued at approximately $2,223,666.64. The trade was a 10.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Joseph Armes sold 1,500 shares of the stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $287.04, for a total value of $430,560.00. Following the transaction, the chief executive officer owned 64,083 shares in the company, valued at $18,394,384.32. The trade was a 2.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 3,720 shares of company stock valued at $1,114,741 in the last ninety days. 1.20% of the stock is currently owned by insiders.

Institutional Trading of CSW Industrials

Several hedge funds have recently modified their holdings of the stock. Covestor Ltd lifted its position in CSW Industrials by 74.5% in the 3rd quarter. Covestor Ltd now owns 96 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 41 shares in the last quarter. Valley Wealth Managers Inc. bought a new stake in CSW Industrials during the 1st quarter worth approximately $26,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in CSW Industrials during the 2nd quarter worth approximately $29,000. Public Employees Retirement System of Ohio bought a new stake in CSW Industrials during the 2nd quarter worth approximately $29,000. Finally, Global Retirement Partners LLC purchased a new stake in shares of CSW Industrials in the second quarter worth approximately $31,000. Institutional investors own 82.79% of the company’s stock.

CSW Industrials Company Profile

CSW Industrials, Inc (NYSE: CSW) is a diversified industrial company that develops, manufactures and sells products designed for professional trades, commercial and residential construction, and industrial maintenance applications. Its offerings are marketed primarily through established brands and distribution channels serving contractors, building professionals and industrial customers.

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