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

CSW Industrials, Inc. (NYSE:CSW) has received an average recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation, one has given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $347.57.

Several equities analysts recently weighed in on the company. Wells Fargo & Company lifted their target price on CSW Industrials from $285.00 to $320.00 and gave the company an “equal weight” rating in a research report on Friday, July 31st. Truist Financial lifted their price objective on CSW Industrials from $313.00 to $332.00 and gave the company a “hold” rating in a research report on Monday, August 3rd. JPMorgan Chase & Co. boosted their price objective on CSW Industrials from $350.00 to $380.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Citigroup increased their target price on shares of CSW Industrials from $304.00 to $340.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Finally, Zacks Research lowered shares of CSW Industrials from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th.

Insider Buying and Selling at CSW Industrials

In other news, CEO Joseph Armes sold 1,500 shares of the company’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $289.58, for a total value of $434,370.00. Following the completion of the transaction, the chief executive officer owned 62,736 shares of the company’s stock, valued at $18,167,090.88. This represents a 2.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jeff Underwood sold 720 shares of the stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $346.96, for a total value of $249,811.20. Following the sale, the executive vice president owned 6,409 shares of the company’s stock, valued at $2,223,666.64. This represents a 10.10% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CSW. Valley Wealth Managers Inc. bought a new position in CSW Industrials in the 1st quarter worth approximately $26,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of CSW Industrials during the second quarter worth $29,000. Public Employees Retirement System of Ohio purchased a new position in CSW Industrials during the second quarter valued at $29,000. Global Retirement Partners LLC bought a new position in shares of CSW Industrials during the 2nd quarter valued at about $31,000. Finally, Sound Income Strategies LLC boosted its holdings in shares of CSW Industrials by 628.6% during the 1st quarter. Sound Income Strategies LLC now owns 153 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 132 shares during the last quarter. 82.79% of the stock is owned by hedge funds and other institutional investors.

CSW Industrials Stock Up 0.3%

Shares of CSW stock opened at $287.50 on Friday. The company has a current ratio of 2.70, a quick ratio of 1.36 and a debt-to-equity ratio of 0.77. CSW Industrials has a 12 month low of $230.45 and a 12 month high of $355.48. The stock has a market cap of $4.68 billion, a P/E ratio of 39.44 and a beta of 0.81. The company has a 50 day simple moving average of $313.16 and a two-hundred day simple moving average of $290.20.

CSW Industrials (NYSE:CSW) last issued its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.84 earnings per share for the quarter, topping the consensus estimate of $3.66 by $0.18. The business had revenue of $350.65 million for the quarter. CSW Industrials had a net margin of 10.34% and a return on equity of 17.41%. The company’s revenue was up 33.0% on a year-over-year basis. On average, research analysts expect that CSW Industrials will post 12.53 earnings per share for the current year.

CSW Industrials Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were paid a dividend of $0.30 per share. The ex-dividend date was Friday, July 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.4%. CSW Industrials’s payout ratio is 16.46%.

CSW Industrials Company Profile

CSW Industrials, Inc is a diversified industrial products company headquartered in Dallas, Texas. The company develops, manufactures and sells products used in the maintenance, repair, construction and improvement of residential, commercial and industrial infrastructure.

CSW Industrials operates through three primary business segments: Contractor Solutions, Engineered Building Solutions and Specialized Reliability Solutions. Its product portfolio includes HVAC and refrigeration products, plumbing and electrical solutions, adhesives, sealants, coatings, fire- and smoke-protection products, roofing materials, building components and specialty products designed to support the reliability and performance of industrial equipment and infrastructure.