CSW Industrials, Inc. (NYSE:CSW) Receives $328.43 Average Price Target from Brokerages

CSW Industrials, Inc. (NYSE:CSW) has been given a consensus recommendation of “Moderate Buy” by the nine analysts that are currently covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $328.4286.

CSW has been the subject of a number of research reports. Zacks Research raised shares of CSW Industrials from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. Robert W. Baird assumed coverage on CSW Industrials in a research note on Tuesday, February 17th. They issued an “outperform” rating and a $378.00 target price for the company. Weiss Ratings restated a “hold (c)” rating on shares of CSW Industrials in a research note on Wednesday, April 29th. Citigroup decreased their target price on CSW Industrials from $333.00 to $307.00 and set a “neutral” rating for the company in a research note on Friday, January 30th. Finally, Wells Fargo & Company decreased their target price on 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.

CSW Industrials Stock Down 3.4%

Shares of NYSE:CSW opened at $256.06 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 2.36 and a debt-to-equity ratio of 0.72. CSW Industrials has a 52-week low of $230.45 and a 52-week high of $337.02. The company has a 50 day moving average of $273.65 and a two-hundred day moving average of $284.13. The company has a market capitalization of $4.22 billion, a price-to-earnings ratio of 33.96 and a beta of 0.88.

CSW Industrials Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, April 24th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, April 24th. This is an increase from CSW Industrials’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a yield of 0.5%. CSW Industrials’s dividend payout ratio is currently 15.92%.

Insider Activity at CSW Industrials

In other CSW Industrials news, CEO Joseph B. Armes sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $286.77, for a total value of $430,155.00. Following the completion of the sale, the chief executive officer directly owned 84,494 shares in the company, valued at $24,230,344.38. This represents a 1.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Luke Alverson sold 1,007 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $289.57, for a total transaction of $291,596.99. Following the completion of the sale, the senior vice president directly owned 12,450 shares of the company’s stock, valued at $3,605,146.50. The trade was a 7.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 3,680 shares of company stock worth $1,039,568. 1.30% of the stock is owned by company insiders.

Institutional Trading of CSW Industrials

Hedge funds have recently modified their holdings of the business. 1900 Wealth Management LLC acquired a new position in CSW Industrials during the fourth quarter valued at approximately $5,363,000. Jacobson & Schmitt Advisors LLC acquired a new position in CSW Industrials during the fourth quarter valued at approximately $18,341,000. Harbor Capital Advisors Inc. acquired a new stake in shares of CSW Industrials in the fourth quarter valued at about $2,359,000. B. Metzler seel. Sohn & Co. AG acquired a new stake in shares of CSW Industrials in the fourth quarter valued at about $3,635,000. Finally, Riverbridge Partners LLC acquired a new stake in shares of CSW Industrials in the fourth quarter valued at about $38,280,000. Hedge funds and other institutional investors own 82.79% of the company’s stock.

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.