CSW Industrials (NYSE:CSW – Get Free Report) released its earnings results on Thursday. The basic materials company reported $3.66 earnings per share for the quarter, missing analysts’ consensus estimates of $3.69 by ($0.03), FiscalAI reports. CSW Industrials had a return on equity of 17.41% and a net margin of 10.34%. The firm had revenue of $361.44 million for the quarter. During the same quarter in the previous year, the business posted $2.96 earnings per share. The firm’s quarterly revenue was up 30.5% compared to the same quarter last year.
CSW Industrials Price Performance
Shares of CSW traded down $0.27 during mid-day trading on Thursday, reaching $292.20. The company had a trading volume of 224,538 shares, compared to its average volume of 144,278. CSW Industrials has a twelve month low of $236.66 and a twelve month high of $355.48. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.70 and a quick ratio of 1.36. The company’s 50-day moving average is $299.54 and its 200-day moving average is $291.20. The company has a market capitalization of $4.76 billion, a P/E ratio of 40.08 and a beta of 0.81.
CSW Industrials Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Friday, October 30th. CSW Industrials’s dividend payout ratio is currently 16.46%.
Analysts Set New Price Targets
Several research firms have commented on CSW. JPMorgan Chase & Co. upped their price target on CSW Industrials from $350.00 to $380.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Wells Fargo & Company lifted their price objective on CSW Industrials from $285.00 to $320.00 and gave the stock an “equal weight” rating in a report on Friday, July 31st. Citigroup boosted their price objective on CSW Industrials from $304.00 to $340.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Weiss Ratings upgraded CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. Finally, Wall Street Zen cut CSW Industrials from a “buy” rating to a “hold” rating in a research report on Sunday, October 18th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $347.57.
Get Our Latest Research Report on CSW Industrials
Insider Activity at CSW Industrials
In other CSW Industrials news, CEO Joseph Armes sold 1,500 shares of the stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $287.04, for a total transaction of $430,560.00. Following the completion of the transaction, the chief executive officer directly owned 64,083 shares in the company, valued at $18,394,384.32. This represents a 2.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jeff Underwood sold 720 shares of CSW Industrials stock in a transaction on Monday, August 10th. The shares were 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 SEC filing for this sale provides additional information. Insiders have sold a total of 3,720 shares of company stock valued at $1,114,741 in the last 90 days. 1.20% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On CSW Industrials
Large investors have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in CSW Industrials during the 2nd quarter worth about $686,462,000. Jupiter Topco LLC acquired a new stake in shares of CSW Industrials during the 2nd quarter worth approximately $36,656,000. Bank of America Corp DE acquired a new stake in shares of CSW Industrials during the 2nd quarter worth approximately $29,809,000. Bank of New York Mellon Corp bought a new stake in shares of CSW Industrials during the second quarter worth approximately $27,915,000. Finally, Fifth Third Bancorp raised its stake in shares of CSW Industrials by 19,565.8% during the first quarter. Fifth Third Bancorp now owns 81,023 shares of the basic materials company’s stock worth $21,113,000 after buying an additional 80,611 shares during the last quarter. Institutional investors own 82.79% of the company’s stock.
Key Stories Impacting CSW Industrials
Here are the key news stories impacting CSW Industrials this week:
- Positive Sentiment: Fiscal Q2 revenue rose 30.5% year over year to $361.44 million, while earnings increased to $3.66 per share from $2.96 a year earlier. The company described the quarter as a record period, and its Contractor Solutions segment delivered 13% organic growth. CSW Industrials Reports Impressive Fiscal 2027 Second Quarter with Record Results
- Positive Sentiment: Reports indicated that adjusted net income and revenue exceeded consensus expectations, supporting the bullish case for continued demand and earnings growth. CSW Industrials Shares Rise After Fiscal Q2 Adjusted Net Income, Revenue Surpass Consensus
- Neutral Sentiment: Management discussed the quarterly performance and business trends during the earnings call, giving investors additional context on segment execution and the company’s outlook. CSW Industrials Q2 2027 Earnings Call Transcript
- Negative Sentiment: Reported EPS of $3.66 fell $0.03 short of the $3.69 consensus estimate. That modest miss may be weighing on the shares, particularly with CSW Industrials trading at an elevated valuation near 40 times earnings. CSW Industrials Q2 Earnings Lag Estimates
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.
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