CSW Industrials, Inc. (NYSE:CSW) Stock Has Average Price Target of $342.71 According to Analysts

CSW Industrials, Inc. (NYSE:CSW) has been given an average recommendation of “Moderate Buy” by the nine ratings firms that are covering the firm, MarketBeat reports. Six research analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $340.71.

CSW has been the subject of several recent research reports. Truist Financial dropped their price objective on CSW Industrials from $332.00 to $328.00 and set a “hold” rating for the company in a report on Monday, November 2nd. Citigroup reduced their target price on shares of CSW Industrials from $340.00 to $326.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 3rd. Wall Street Zen lowered shares of CSW Industrials from a “buy” rating to a “hold” rating in a research note on Sunday, October 18th. Zacks Research cut shares of CSW Industrials from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Finally, JPMorgan Chase & Co. boosted their price target on shares of CSW Industrials from $350.00 to $380.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st.

Insider Transactions at CSW Industrials

In other CSW Industrials news, CEO Joseph B. Armes sold 1,500 shares of CSW Industrials stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $287.04, for a total transaction of $430,560.00. Following the completion of the sale, the chief executive officer owned 64,083 shares of the company’s stock, valued at approximately $18,394,384.32. The trade was a 2.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 the stock. Geneva Capital Management LLC grew its stake in shares of CSW Industrials by 15.7% during the third quarter. Geneva Capital Management LLC now owns 61,016 shares of the basic materials company’s stock worth $17,578,000 after purchasing an additional 8,273 shares during the period. Diversified Trust Co bought a new stake in CSW Industrials in the third quarter valued at about $1,136,000. Allworth Financial LP lifted its stake in CSW Industrials by 116.7% in the third quarter. Allworth Financial LP now owns 143 shares of the basic materials company’s stock valued at $40,000 after buying an additional 77 shares during the period. Russell Investments Group Ltd. lifted its stake in CSW Industrials by 1.0% in the third quarter. Russell Investments Group Ltd. now owns 4,853 shares of the basic materials company’s stock valued at $1,398,000 after buying an additional 48 shares during the period. Finally, Fifth Third Bancorp lifted its stake in CSW Industrials by 0.5% in the third quarter. Fifth Third Bancorp now owns 74,081 shares of the basic materials company’s stock valued at $21,341,000 after buying an additional 361 shares during the period. 82.79% of the stock is currently owned by institutional investors.

CSW Industrials Stock Up 5.9%

NYSE CSW opened at $287.82 on Tuesday. The stock has a fifty day moving average of $293.24 and a 200-day moving average of $289.65. The stock has a market capitalization of $4.69 billion, a P/E ratio of 37.00, a price-to-earnings-growth ratio of 1.89 and a beta of 0.80. CSW Industrials has a 52 week low of $239.57 and a 52 week high of $355.48. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.15 and a current ratio of 2.35.

CSW Industrials (NYSE:CSW) last issued its quarterly earnings results on Thursday, October 29th. The basic materials company reported $3.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.69 by ($0.03). The firm had revenue of $361.44 million for the quarter. CSW Industrials had a net margin of 10.17% and a return on equity of 18.38%. The firm’s revenue for the quarter was up 30.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.96 earnings per share. On average, equities research analysts forecast that CSW Industrials will post 12.50 EPS for the current year.

CSW Industrials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $1.20 dividend on an annualized basis and a yield of 0.4%. CSW Industrials’s dividend payout ratio (DPR) is presently 15.42%.

CSW Industrials Company Profile

CSW Industrials, Inc is a diversified industrial products company that develops, manufactures and sells products for contractors, building owners and industrial customers. Its offerings serve markets including heating, ventilation and air conditioning, refrigeration, plumbing, electrical work and construction.

The company operates through three segments: Contractor Solutions, Engineered Building Solutions and Specialized Reliability Solutions. Its products include installation and maintenance supplies, fire- and smoke-protection systems, building-envelope products, and specialty lubricants, coatings and sealants used to help protect and maintain equipment and infrastructure.

CSW Industrials serves customers primarily in North America, as well as in international markets.