CSW Industrials, Inc. (NYSE:CSW) Given Consensus Rating of “Hold” by Brokerages

Shares of CSW Industrials, Inc. (NYSE:CSW) have received a consensus rating of “Hold” from the nine ratings firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $327.1429.

A number of research analysts have issued reports on the stock. The Goldman Sachs Group raised their price target on shares of CSW Industrials from $302.00 to $333.00 and gave the stock a “neutral” rating in a report on Tuesday, January 13th. Weiss Ratings restated a “hold (c+)” rating on shares of CSW Industrials in a research report on Monday, December 29th. Wells Fargo & Company decreased their target price on shares of CSW Industrials from $300.00 to $280.00 and set an “equal weight” rating for the company in a research report on Monday, February 2nd. Truist Financial boosted their target price on shares of CSW Industrials from $271.00 to $292.00 and gave the company a “hold” rating in a research report on Monday, February 2nd. Finally, Zacks Research downgraded shares of CSW Industrials from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th.

Insider Activity

In other news, SVP Luke Alverson sold 1,007 shares of CSW Industrials stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $266.11, for a total value of $267,972.77. Following the sale, the senior vice president owned 13,457 shares in the company, valued at $3,581,042.27. This trade represents a 6.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Joseph B. Armes sold 1,500 shares of CSW Industrials stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $286.77, for a total transaction of $430,155.00. Following the completion of the sale, the chief executive officer owned 84,494 shares in the company, valued at approximately $24,230,344.38. This trade represents a 1.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 3,173 shares of company stock worth $905,981 over the last three months. Corporate insiders own 1.30% of the company’s stock.

Institutional Trading of CSW Industrials

Several institutional investors have recently modified their holdings of the stock. 1900 Wealth Management LLC acquired a new position in CSW Industrials during the fourth quarter worth about $5,363,000. Jacobson & Schmitt Advisors LLC acquired a new position in CSW Industrials during the fourth quarter worth about $18,341,000. Avior Wealth Management LLC acquired a new position in CSW Industrials during the fourth quarter worth about $807,000. Harbor Capital Advisors Inc. acquired a new position in CSW Industrials during the fourth quarter worth about $2,359,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in CSW Industrials during the fourth quarter worth about $41,461,000. Institutional investors and hedge funds own 82.79% of the company’s stock.

CSW Industrials Price Performance

Shares of CSW opened at $274.15 on Friday. The company has a market cap of $4.52 billion, a price-to-earnings ratio of 36.36 and a beta of 0.84. CSW Industrials has a twelve month low of $230.45 and a twelve month high of $338.90. The company has a quick ratio of 0.97, a current ratio of 2.36 and a debt-to-equity ratio of 0.72. The company has a 50 day moving average of $280.94 and a two-hundred day moving average of $278.72.

CSW Industrials (NYSE:CSW) last announced its earnings results on Thursday, January 29th. The basic materials company reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.93 by ($0.51). The firm had revenue of $232.99 million during the quarter, compared to analyst estimates of $249.36 million. CSW Industrials had a net margin of 12.64% and a return on equity of 14.55%. As a group, analysts predict that CSW Industrials will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Friday, April 24th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, April 24th. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a yield of 0.4%. CSW Industrials’s dividend payout ratio is presently 15.92%.

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.