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

CSW Industrials, Inc. (NYSE:CSW) has been assigned a consensus recommendation of “Moderate Buy” from the nine analysts that are presently covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $347.5714.

A number of research analysts have issued reports on CSW shares. Zacks Research cut shares of CSW Industrials from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Truist Financial upped their price target on shares of CSW Industrials from $313.00 to $332.00 and gave the company a “hold” rating in a report on Monday, August 3rd. JPMorgan Chase & Co. increased their price target on shares of CSW Industrials from $350.00 to $380.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Citigroup lifted their price target on CSW Industrials from $304.00 to $340.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Finally, Weiss Ratings upgraded shares of CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 3rd.

Insider Activity at CSW Industrials

In related news, EVP Jeff Underwood sold 720 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $346.96, for a total value of $249,811.20. Following the completion of the sale, the executive vice president owned 6,409 shares of the company’s stock, valued at approximately $2,223,666.64. This represents a 10.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Joseph B. Armes sold 1,500 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $279.52, for a total transaction of $419,280.00. Following the sale, the chief executive officer owned 69,100 shares of the company’s stock, valued at approximately $19,314,832. The trade was a 2.12% 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 90 days, insiders have sold 3,720 shares of company stock worth $1,095,001. Insiders own 1.20% of the company’s stock.

Institutional Trading of CSW Industrials

Several hedge funds have recently made changes to their positions in CSW. BlackRock Inc. purchased a new stake in shares of CSW Industrials during the 2nd quarter valued at approximately $686,462,000. Vanguard Group Inc. purchased a new position in CSW Industrials in the fourth quarter worth approximately $515,553,000. Capital World Investors acquired a new stake in CSW Industrials during the fourth quarter worth $308,934,000. Wasatch Advisors LP raised its position in CSW Industrials by 31.1% in the first quarter. Wasatch Advisors LP now owns 873,659 shares of the basic materials company’s stock valued at $227,658,000 after purchasing an additional 207,186 shares during the period. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in CSW Industrials in the fourth quarter valued at $237,891,000. Hedge funds and other institutional investors own 82.79% of the company’s stock.

CSW Industrials Stock Down 1.1%

Shares of CSW Industrials stock opened at $328.29 on Thursday. The firm’s 50 day moving average price is $298.26 and its 200-day moving average price is $285.56. The company has a market cap of $5.35 billion, a P/E ratio of 45.03 and a beta of 0.83. The company has a quick ratio of 1.36, a current ratio of 2.70 and a debt-to-equity ratio of 0.77. CSW Industrials has a 52-week low of $230.45 and a 52-week high of $355.48.

CSW Industrials (NYSE:CSW) last issued its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.84 EPS for the quarter, beating the consensus estimate of $3.66 by $0.18. CSW Industrials had a return on equity of 17.41% and a net margin of 10.34%.The firm had revenue of $350.65 million during the quarter. The company’s revenue was up 33.0% on a year-over-year basis. On average, sell-side analysts predict that CSW Industrials will post 12.77 EPS for the current fiscal year.

CSW Industrials Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Friday, July 31st. CSW Industrials’s dividend payout ratio (DPR) is currently 16.46%.

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.