CSW Industrials (NASDAQ:CSWI) Price Target Raised to $321.00

CSW Industrials (NASDAQ:CSWI) had its target price lifted by Citigroup from $313.00 to $321.00 in a research note released on Friday,Benzinga reports. They currently have a neutral rating on the basic materials company’s stock.

A number of other analysts have also issued reports on the stock. Wells Fargo & Company dropped their price target on shares of CSW Industrials from $350.00 to $295.00 and set an “equal weight” rating for the company in a research note on Monday, April 14th. Truist Financial initiated coverage on shares of CSW Industrials in a research note on Friday, February 14th. They set a “hold” rating and a $362.00 target price for the company. Finally, Wall Street Zen lowered shares of CSW Industrials from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $347.00.

CSW Industrials Stock Down 0.4%

Shares of CSWI stock opened at $300.91 on Friday. The stock has a market cap of $5.05 billion, a price-to-earnings ratio of 35.95 and a beta of 0.96. The firm’s 50 day moving average price is $302.16 and its two-hundred day moving average price is $339.65. CSW Industrials has a fifty-two week low of $248.90 and a fifty-two week high of $436.50.

CSW Industrials (NASDAQ:CSWI) last released its quarterly earnings results on Thursday, May 22nd. The basic materials company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.23 by $0.01. CSW Industrials had a net margin of 15.53% and a return on equity of 15.72%. The business had revenue of $230.55 million during the quarter, compared to analyst estimates of $232.82 million. During the same period last year, the business earned $2.04 EPS. On average, equities analysts forecast that CSW Industrials will post 8.49 EPS for the current fiscal year.

CSW Industrials Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 25th were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, April 25th. This represents a $1.08 annualized dividend and a yield of 0.36%. This is an increase from CSW Industrials’s previous quarterly dividend of $0.24. CSW Industrials’s dividend payout ratio is presently 12.90%.

Insider Buying and Selling

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $289.97, for a total value of $289,970.00. Following the completion of the sale, the chief executive officer now directly owns 46,848 shares of the company’s stock, valued at approximately $13,584,514.56. This represents a 2.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Don Sullivan sold 2,222 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $292.12, for a total transaction of $649,090.64. Following the completion of the sale, the executive vice president now directly owns 24,853 shares of the company’s stock, valued at $7,260,058.36. The trade was a 8.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,276 shares of company stock valued at $3,093,736 over the last 90 days. 1.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CSW Industrials

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Intech Investment Management LLC lifted its holdings in CSW Industrials by 22.9% in the 1st quarter. Intech Investment Management LLC now owns 9,537 shares of the basic materials company’s stock valued at $2,780,000 after acquiring an additional 1,774 shares during the last quarter. United Services Automobile Association acquired a new stake in CSW Industrials in the 1st quarter valued at about $305,000. Fred Alger Management LLC lifted its holdings in CSW Industrials by 5.3% in the 1st quarter. Fred Alger Management LLC now owns 59,857 shares of the basic materials company’s stock valued at $17,450,000 after acquiring an additional 3,006 shares during the last quarter. Select Equity Group L.P. lifted its stake in CSW Industrials by 620.6% during the first quarter. Select Equity Group L.P. now owns 38,180 shares of the basic materials company’s stock valued at $11,130,000 after buying an additional 32,882 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. lifted its stake in CSW Industrials by 3.3% during the first quarter. Punch & Associates Investment Management Inc. now owns 48,833 shares of the basic materials company’s stock valued at $14,236,000 after buying an additional 1,580 shares in the last quarter. 82.79% of the stock is owned by institutional investors and hedge funds.

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.