CSW Industrials (NYSE:CSW) Stock Rating Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of CSW Industrials (NYSE:CSW) from a buy rating to a hold rating in a research note issued to investors on Sunday morning,Wall Street Zen reports.

Other analysts have also recently issued research reports about the stock. Truist Financial boosted their target price on shares of CSW Industrials from $313.00 to $332.00 and gave the stock a “hold” rating in a research note on Monday, August 3rd. JPMorgan Chase & Co. increased their price target on CSW Industrials from $350.00 to $380.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Weiss Ratings upgraded CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. Citigroup raised their price objective on CSW Industrials from $304.00 to $340.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Finally, Zacks Research downgraded CSW Industrials from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $347.57.

CSW Industrials Stock Down 0.1%

CSW stock opened at $288.16 on Friday. The stock has a market capitalization of $4.69 billion, a P/E ratio of 39.53 and a beta of 0.81. The company has a current ratio of 2.70, a quick ratio of 1.36 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. The firm has a 50-day moving average price of $306.84 and a 200-day moving average price of $291.32.

CSW Industrials (NYSE:CSW) last posted its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.84 earnings per share for the quarter, beating analysts’ consensus estimates of $3.66 by $0.18. The company had revenue of $350.65 million for the quarter. CSW Industrials had a net margin of 10.34% and a return on equity of 17.41%. The business’s quarterly revenue was up 33.0% on a year-over-year basis. As a group, equities research analysts anticipate that CSW Industrials will post 12.53 EPS for the current fiscal year.

CSW Industrials Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Friday, October 30th. This represents a $1.20 annualized dividend and a dividend yield of 0.4%. CSW Industrials’s dividend payout ratio is presently 16.46%.

Insider Activity

In other news, EVP Jeff Underwood sold 720 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $346.96, for a total transaction of $249,811.20. Following the completion of the transaction, the executive vice president directly owned 6,409 shares in the company, valued at $2,223,666.64. This trade represents a 10.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joseph B. Armes sold 1,500 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $18,394,384.32. This trade represents a 2.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 3,720 shares of company stock valued at $1,114,741. Insiders own 1.20% of the company’s stock.

Institutional Trading of CSW Industrials

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Port Capital LLC bought a new stake in shares of CSW Industrials during the 2nd quarter valued at about $1,392,000. HighTower Advisors LLC increased its holdings in CSW Industrials by 1,431.5% in the second quarter. HighTower Advisors LLC now owns 20,767 shares of the basic materials company’s stock worth $5,779,000 after purchasing an additional 19,411 shares in the last quarter. Fifth Third Bancorp increased its holdings in CSW Industrials by 19,565.8% in the first quarter. Fifth Third Bancorp now owns 81,023 shares of the basic materials company’s stock worth $21,113,000 after purchasing an additional 80,611 shares in the last quarter. Deutsche Bank AG bought a new stake in CSW Industrials in the second quarter worth approximately $4,951,000. Finally, Virtu Financial LLC acquired a new position in CSW Industrials in the fourth quarter valued at approximately $1,219,000. Institutional investors and hedge funds own 82.79% of the company’s stock.

About CSW Industrials

CSW Industrials, Inc is a diversified industrial products company headquartered in Dallas, Texas. The company develops, manufactures and sells products used in the maintenance, repair, construction and improvement of residential, commercial and industrial infrastructure.

CSW Industrials operates through three primary business segments: Contractor Solutions, Engineered Building Solutions and Specialized Reliability Solutions. Its product portfolio includes HVAC and refrigeration products, plumbing and electrical solutions, adhesives, sealants, coatings, fire- and smoke-protection products, roofing materials, building components and specialty products designed to support the reliability and performance of industrial equipment and infrastructure.