CSW Industrials, Inc. (NYSE:CSW) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of CSW Industrials, Inc. (NYSE:CSW) have earned an average recommendation of “Moderate Buy” from the nine research firms that are covering the firm, MarketBeat 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 updated their coverage on the stock in the last year is $330.4286.

CSW has been the topic of a number of analyst reports. Truist Financial lifted their price target on CSW Industrials from $300.00 to $313.00 and gave the stock a “hold” rating in a research note on Thursday, July 2nd. Weiss Ratings lowered shares of CSW Industrials from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, July 14th. Wells Fargo & Company raised their target price on shares of CSW Industrials from $280.00 to $285.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 27th. Zacks Research raised shares of CSW Industrials from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. Finally, Citigroup cut their price target on shares of CSW Industrials from $307.00 to $304.00 and set a “neutral” rating on the stock in a report on Wednesday, May 27th.

CSW Industrials Stock Performance

Shares of NYSE CSW opened at $289.00 on Friday. The stock’s fifty day simple moving average is $276.62 and its 200 day simple moving average is $284.00. The stock has a market capitalization of $4.71 billion, a price-to-earnings ratio of 43.26 and a beta of 0.84. The company has a quick ratio of 1.23, a current ratio of 2.60 and a debt-to-equity ratio of 0.80. CSW Industrials has a 52-week low of $230.45 and a 52-week high of $337.02.

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

CSW Industrials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.4%. The ex-dividend date is Friday, July 31st. CSW Industrials’s payout ratio is presently 17.96%.

Insider Buying and Selling at CSW Industrials

In other CSW Industrials news, SVP Luke Alverson sold 1,007 shares of the business’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $289.57, for a total transaction of $291,596.99. Following 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Joseph B. Armes sold 1,500 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $279.52, for a total value of $419,280.00. Following the completion of the sale, the chief executive officer owned 69,100 shares of the company’s stock, valued at $19,314,832. The trade was a 2.12% decrease in their position. 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 have sold 4,007 shares of company stock worth $1,136,787. Company insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On CSW Industrials

Several hedge funds have recently bought and sold shares of CSW. Valley Wealth Managers Inc. acquired a new stake in CSW Industrials during the 1st quarter worth about $26,000. Arax Advisory Partners acquired a new position in shares of CSW Industrials in the 4th quarter valued at about $28,000. Danske Bank A S acquired a new position in shares of CSW Industrials in the 4th quarter valued at about $29,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of CSW Industrials in the fourth quarter worth approximately $31,000. Finally, Global Retirement Partners LLC purchased a new stake in shares of CSW Industrials in the fourth quarter worth approximately $31,000. 82.79% of the stock is owned by hedge funds and other institutional investors.

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.