CSW Industrials, Inc. (NASDAQ:CSWI) Receives Average Recommendation of “Hold” from Brokerages

CSW Industrials, Inc. (NASDAQ:CSWI) has received a consensus rating of “Hold” from the five brokerages that are presently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $379.00.

A number of brokerages have recently issued reports on CSWI. Truist Financial initiated coverage on CSW Industrials in a research report on Friday, February 14th. They set a “hold” rating and a $362.00 price target for the company. Wells Fargo & Company dropped their target price on shares of CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. StockNews.com lowered shares of CSW Industrials from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. The Goldman Sachs Group dropped their price objective on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Finally, Citigroup reduced their target price on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th.

Insider Activity

In related news, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $378.32, for a total transaction of $378,320.00. Following the transaction, the chief executive officer now directly owns 48,848 shares in the company, valued at $18,480,175.36. This trade represents a 2.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert M. Swartz sold 200 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $321.78, for a total value of $64,356.00. Following the completion of the sale, the director now owns 13,519 shares of the company’s stock, valued at $4,350,143.82. The trade was a 1.46 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,534 shares of company stock valued at $3,133,640. 1.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CSW Industrials

Several institutional investors have recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of CSW Industrials by 71.7% during the third quarter. State Street Corp now owns 612,696 shares of the basic materials company’s stock worth $224,486,000 after purchasing an additional 255,849 shares during the period. Proficio Capital Partners LLC raised its position in CSW Industrials by 35,553.3% during the 4th quarter. Proficio Capital Partners LLC now owns 202,154 shares of the basic materials company’s stock valued at $71,320,000 after purchasing an additional 201,587 shares during the last quarter. Norges Bank bought a new position in CSW Industrials during the 4th quarter valued at approximately $59,250,000. Riverbridge Partners LLC bought a new stake in shares of CSW Industrials in the 4th quarter worth approximately $42,202,000. Finally, Principal Financial Group Inc. grew its position in shares of CSW Industrials by 1,046.2% in the 3rd quarter. Principal Financial Group Inc. now owns 84,991 shares of the basic materials company’s stock worth $31,140,000 after buying an additional 77,576 shares during the last quarter. Hedge funds and other institutional investors own 82.79% of the company’s stock.

CSW Industrials Trading Down 2.4 %

CSW Industrials stock opened at $263.79 on Friday. The firm’s 50 day simple moving average is $307.01 and its 200 day simple moving average is $356.34. CSW Industrials has a 1-year low of $229.49 and a 1-year high of $436.50. The firm has a market capitalization of $4.43 billion, a PE ratio of 31.52 and a beta of 0.88.

CSW Industrials (NASDAQ:CSWI) last issued its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.11. CSW Industrials had a return on equity of 15.72% and a net margin of 15.53%. Research analysts forecast that CSW Industrials will post 8.49 earnings per share for the current year.

CSW Industrials Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $0.96 annualized dividend and a yield of 0.36%. CSW Industrials’s payout ratio is 11.47%.

CSW Industrials Company Profile

CSW Industrials, Inc operates as a diversified industrial company in the United States and internationally. It operates through three segments: Contractor Solutions, Engineered Building Solutions, and Specialized Reliability Solutions. The Contractor Solutions segment provides condensate pads, pans, pumps, switches, and traps; cements, diffusers, grilles, registers, solvents, thread sealants, and vents; line set covers; refrigerant caps; wire pulling head tools; electrical protection, chemical maintenance, and installation supplies for HVAC; ductless mini-split systems installation support tools and accessories; and drain waste and vent system products for use in HVAC/R, plumbing, general industrial, architecturally specified building products.