CSW Industrials, Inc. (NYSE:CSW) Receives $314.83 Average Target Price from Analysts

Shares of CSW Industrials, Inc. (NYSE:CSW) have been assigned a consensus recommendation of “Hold” from the eight brokerages that are covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $314.8333.

Several analysts recently issued reports on CSW shares. Wells Fargo & Company increased their price objective on shares of CSW Industrials from $265.00 to $300.00 and gave the company an “equal weight” rating in a report on Monday, December 15th. CJS Securities upgraded CSW Industrials to a “strong-buy” rating in a report on Thursday, December 11th. Citigroup upped their price target on CSW Industrials from $259.00 to $311.00 and gave the company a “neutral” rating in a research report on Monday, December 8th. Zacks Research downgraded CSW Industrials from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Finally, Truist Financial boosted their price objective on CSW Industrials from $273.00 to $276.00 and gave the stock a “hold” rating in a research note on Wednesday, October 8th.

CSW Industrials Trading Down 0.4%

Shares of CSW stock opened at $319.22 on Wednesday. CSW Industrials has a fifty-two week low of $230.45 and a fifty-two week high of $401.02. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.32 and a current ratio of 2.76. The stock’s fifty day moving average is $283.84 and its two-hundred day moving average is $272.18. The firm has a market capitalization of $5.33 billion, a P/E ratio of 37.47 and a beta of 0.82.

CSW Industrials (NYSE:CSW) last issued its earnings results on Thursday, October 30th. The basic materials company reported $2.96 EPS for the quarter, beating analysts’ consensus estimates of $2.73 by $0.23. CSW Industrials had a net margin of 14.88% and a return on equity of 14.74%. Research analysts expect that CSW Industrials will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, October 31st were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Friday, October 31st. CSW Industrials’s payout ratio is currently 12.68%.

Insider Transactions at CSW Industrials

In other news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $317.40, for a total value of $317,400.00. Following the completion of the sale, the chief executive officer owned 64,493 shares of the company’s stock, valued at $20,470,078.20. This represents a 1.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Don Sullivan sold 4,136 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $301.41, for a total transaction of $1,246,631.76. Following the sale, the executive vice president owned 18,196 shares of the company’s stock, valued at $5,484,456.36. This represents a 18.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 8,366 shares of company stock valued at $2,403,173 in the last three months. 1.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CSW Industrials

A number of institutional investors have recently made changes to their positions in CSW. Matrix Trust Co lifted its holdings in shares of CSW Industrials by 91.1% in the 2nd quarter. Matrix Trust Co now owns 86 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 41 shares during the last quarter. Harbor Investment Advisory LLC raised its position in CSW Industrials by 27.3% in the second quarter. Harbor Investment Advisory LLC now owns 275 shares of the basic materials company’s stock valued at $79,000 after purchasing an additional 59 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in CSW Industrials by 3.4% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,423 shares of the basic materials company’s stock valued at $1,003,000 after purchasing an additional 113 shares during the period. Argent Capital Management LLC lifted its stake in CSW Industrials by 5.6% during the second quarter. Argent Capital Management LLC now owns 2,180 shares of the basic materials company’s stock worth $625,000 after purchasing an additional 116 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of CSW Industrials by 44.6% during the second quarter. GAMMA Investing LLC now owns 428 shares of the basic materials company’s stock worth $123,000 after buying an additional 132 shares during the period. 82.79% of the stock is currently owned by institutional investors and hedge funds.

About CSW Industrials

CSW Industrials, Inc is a diversified industrial manufacturer that develops and supplies specialty chemical products, performance materials and precision surface solutions. The company’s offerings span a range of end markets including energy, industrial processing, converting and automotive, where its products serve critical functions in production efficiency, equipment maintenance and process enhancement.

In its chemical business, CSW Industrials produces solvent- and water-based formulations such as surfactants, corrosion inhibitors and custom blends used in oilfield exploration and production, metalworking, water treatment and other industrial applications.