Brokerages Set CSW Industrials, Inc. (NYSE:CSW) PT at $319.75

CSW Industrials, Inc. (NYSE:CSW) has been given an average recommendation of “Hold” by the seven brokerages that are currently covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $313.80.

Several research analysts have issued reports on CSW shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CSW Industrials in a report on Saturday, September 27th. JPMorgan Chase & Co. reduced their price objective on CSW Industrials from $320.00 to $290.00 and set a “neutral” rating on the stock in a report on Friday. Zacks Research raised CSW Industrials from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 2nd. Truist Financial set a $273.00 price objective on CSW Industrials and gave the stock a “hold” rating in a report on Tuesday, August 5th. Finally, Wells Fargo & Company cut their price target on CSW Industrials from $305.00 to $285.00 and set an “equal weight” rating on the stock in a research note on Friday, August 1st.

CSW Industrials Stock Down 2.9%

NYSE:CSW opened at $250.10 on Monday. The stock’s fifty day moving average price is $259.63 and its two-hundred day moving average price is $287.37. CSW Industrials has a 52-week low of $238.49 and a 52-week high of $436.50. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.48 and a current ratio of 2.86. The company has a market cap of $4.20 billion, a price-to-earnings ratio of 29.88 and a beta of 0.92.

CSW Industrials (NYSE:CSW) last posted its quarterly earnings data on Thursday, July 31st. The basic materials company reported $2.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.62 by $0.23. CSW Industrials had a return on equity of 13.78% and a net margin of 15.18%.The firm had revenue of $263.65 million for the quarter, compared to the consensus estimate of $278.27 million. On average, analysts anticipate that CSW Industrials will post 8.49 EPS for the current year.

CSW Industrials Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Friday, July 25th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.4%. CSW Industrials’s dividend payout ratio (DPR) is currently 12.90%.

Insider Buying and Selling

In other news, Director Robert M. Swartz sold 200 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $250.37, for a total value of $50,074.00. Following the transaction, the director owned 12,319 shares of the company’s stock, valued at $3,084,308.03. This represents a 1.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP James E. Perry sold 145 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $275.05, for a total value of $39,882.25. Following the completion of the transaction, the executive vice president directly owned 25,178 shares in the company, valued at approximately $6,925,208.90. This trade represents a 0.57% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,412 shares of company stock worth $1,497,397. Company insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Conestoga Capital Advisors LLC lifted its stake in shares of CSW Industrials by 5.1% in the 1st quarter. Conestoga Capital Advisors LLC now owns 603,277 shares of the basic materials company’s stock valued at $175,867,000 after purchasing an additional 29,285 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its stake in CSW Industrials by 34.5% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 316,464 shares of the basic materials company’s stock worth $92,256,000 after buying an additional 81,139 shares during the period. Champlain Investment Partners LLC acquired a new stake in CSW Industrials during the 1st quarter worth $81,194,000. Northern Trust Corp raised its stake in CSW Industrials by 0.3% during the 1st quarter. Northern Trust Corp now owns 218,208 shares of the basic materials company’s stock worth $63,612,000 after buying an additional 553 shares during the period. Finally, Invesco Ltd. raised its stake in CSW Industrials by 14.2% during the 1st quarter. Invesco Ltd. now owns 134,726 shares of the basic materials company’s stock worth $39,275,000 after buying an additional 16,737 shares during the period. Institutional investors and hedge funds own 82.79% of the company’s stock.

About CSW Industrials

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.