CSW Industrials (NYSE:CSW) Stock Price Expected to Rise, Truist Financial Analyst Says

CSW Industrials (NYSE:CSW) had its price objective upped by equities research analysts at Truist Financial from $313.00 to $332.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “hold” rating on the basic materials company’s stock. Truist Financial’s target price points to a potential downside of 1.98% from the stock’s previous close.

A number of other equities research analysts also recently commented on CSW. Weiss Ratings downgraded shares of CSW Industrials from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, July 14th. JPMorgan Chase & Co. increased their target price on CSW Industrials from $350.00 to $380.00 and gave the stock an “overweight” rating in a research note on Friday. Wells Fargo & Company raised their price target on CSW Industrials from $285.00 to $320.00 and gave the company an “equal weight” rating in a report on Friday. Zacks Research downgraded CSW Industrials from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Finally, Citigroup reaffirmed a “neutral” rating on shares of CSW Industrials in a report on Monday. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $342.43.

CSW Industrials Stock Performance

Shares of NYSE CSW traded up $19.77 during mid-day trading on Monday, hitting $338.70. 32,799 shares of the company were exchanged, compared to its average volume of 149,406. The company has a quick ratio of 1.36, a current ratio of 2.70 and a debt-to-equity ratio of 0.77. The firm has a market cap of $5.52 billion, a price-to-earnings ratio of 46.35 and a beta of 0.83. The stock has a 50 day simple moving average of $280.16 and a 200-day simple moving average of $283.22. CSW Industrials has a 1-year low of $230.45 and a 1-year high of $340.97.

CSW Industrials (NYSE:CSW) last announced its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.84 EPS for the quarter, topping analysts’ consensus estimates of $3.66 by $0.18. The company had revenue of $350.65 million during 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. On average, sell-side analysts forecast that CSW Industrials will post 12.52 EPS for the current fiscal year.

Insider Transactions at CSW Industrials

In related news, CEO Joseph B. Armes sold 1,500 shares of CSW Industrials stock in a transaction on Monday, June 15th. The stock was sold at an average price of $279.52, for a total transaction of $419,280.00. Following the completion of the transaction, the chief executive officer directly 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 sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CSW. Valley Wealth Managers Inc. acquired a new stake in CSW Industrials in the 1st quarter valued at about $26,000. Arax Advisory Partners acquired a new position in CSW Industrials during the fourth quarter worth about $28,000. Danske Bank A S acquired a new position in CSW Industrials during the fourth quarter worth about $29,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of CSW Industrials in the fourth quarter valued at about $31,000. Finally, Global Retirement Partners LLC purchased a new stake in shares of CSW Industrials in the fourth quarter valued at about $31,000. 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.