Brokerages Set CSW Industrials, Inc. (NYSE:CSW) Target Price at $328.57

CSW Industrials, Inc. (NYSE:CSW) has earned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and three have given a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $330.4286.

Several brokerages recently issued reports on CSW. Truist Financial upped their price objective on shares of CSW Industrials from $300.00 to $313.00 and gave the company a “hold” rating in a research note on Thursday, July 2nd. Wells Fargo & Company increased their price target on CSW Industrials from $280.00 to $285.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 27th. Weiss Ratings raised CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Zacks Research upgraded CSW Industrials from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. Finally, Citigroup lowered their price target on CSW Industrials from $307.00 to $304.00 and set a “neutral” rating for the company in a report on Wednesday, May 27th.

CSW Industrials Stock Down 2.8%

Shares of NYSE:CSW opened at $272.17 on Wednesday. The company has a quick ratio of 1.23, a current ratio of 2.60 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $4.44 billion, a P/E ratio of 40.74 and a beta of 0.84. CSW Industrials has a 52-week low of $230.45 and a 52-week high of $337.02. The stock’s fifty day simple moving average is $274.58 and its 200-day simple moving average is $285.67.

CSW Industrials (NYSE:CSW) last announced its earnings results on Tuesday, May 26th. The basic materials company reported $3.14 earnings per share for the quarter, beating the consensus estimate of $2.34 by $0.80. CSW Industrials had a net margin of 10.35% and a return on equity of 15.91%. The firm had revenue of $308.96 million during the quarter. CSW Industrials’s revenue for the quarter was up 34.0% on a year-over-year basis. As a group, equities research analysts forecast that CSW Industrials will post 12.52 earnings per share for the current fiscal year.

Insider Buying and Selling

In other CSW Industrials news, CEO Joseph B. Armes sold 1,500 shares of the stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $286.77, for a total transaction of $430,155.00. Following the transaction, the chief executive officer owned 84,494 shares of the company’s stock, valued at $24,230,344.38. This trade represents a 1.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through 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 on Friday, May 1st. The stock was sold at an average price of $289.57, for a total value of $291,596.99. Following the sale, the senior vice president owned 12,450 shares of the company’s stock, valued at approximately $3,605,146.50. The trade was a 7.48% 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. Over the last quarter, insiders sold 5,673 shares of company stock valued at $1,616,785. Insiders own 1.30% of the company’s stock.

Institutional Trading of CSW Industrials

Institutional investors and hedge funds have recently bought and sold shares of the business. Pacer Advisors Inc. lifted its holdings in shares of CSW Industrials by 135.3% during the 1st quarter. Pacer Advisors Inc. now owns 819 shares of the basic materials company’s stock valued at $213,000 after acquiring an additional 471 shares in the last quarter. Empowered Funds LLC raised its position in CSW Industrials by 25.2% in the first quarter. Empowered Funds LLC now owns 2,091 shares of the basic materials company’s stock valued at $545,000 after purchasing an additional 421 shares during the period. Glenmede Trust Co. NA lifted its stake in shares of CSW Industrials by 9.7% during the first quarter. Glenmede Trust Co. NA now owns 6,382 shares of the basic materials company’s stock worth $1,663,000 after purchasing an additional 566 shares in the last quarter. Argent Capital Management LLC lifted its stake in shares of CSW Industrials by 58.7% during the first quarter. Argent Capital Management LLC now owns 3,246 shares of the basic materials company’s stock worth $846,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its position in shares of CSW Industrials by 12.6% in the first quarter. Janus Henderson Group PLC now owns 99,223 shares of the basic materials company’s stock worth $25,857,000 after buying an additional 11,113 shares during the period. Institutional investors and hedge funds own 82.79% of the company’s stock.

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.