CSW Industrials (NYSE:CSW) Stock Price Down 7.9% – What’s Next?

CSW Industrials, Inc. (NYSE:CSW)’s share price traded down 7.9% on Wednesday . The company traded as low as $271.12 and last traded at $275.2150. 144,713 shares changed hands during mid-day trading, a decline of 2% from the average daily volume of 148,401 shares. The stock had previously closed at $298.93.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CSW shares. Zacks Research downgraded CSW Industrials from a “strong-buy” rating to a “hold” rating in a research report on Monday. Truist Financial lifted their price objective on CSW Industrials from $300.00 to $313.00 and gave the company a “hold” rating in a research note on Thursday, July 2nd. Wells Fargo & Company boosted their target price on CSW Industrials from $280.00 to $285.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 27th. Weiss Ratings downgraded shares of CSW Industrials from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, July 14th. Finally, Citigroup cut their price target on shares of CSW Industrials from $307.00 to $304.00 and set a “neutral” rating on the stock in a report on Wednesday, May 27th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $330.43.

CSW Industrials Price Performance

The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.23 and a current ratio of 2.60. The business’s fifty day simple moving average is $278.13 and its 200 day simple moving average is $283.61. The stock has a market cap of $4.44 billion, a price-to-earnings ratio of 40.51 and a beta of 0.84.

CSW Industrials (NYSE:CSW) last announced its earnings results on Tuesday, May 26th. The basic materials company reported $3.14 earnings per share for the quarter, beating the consensus estimate of $2.34 by $0.80. CSW Industrials had a return on equity of 15.91% and a net margin of 10.35%.The company had revenue of $308.96 million during the quarter. The business’s revenue was up 34.0% compared to the same quarter last year. Research analysts predict that CSW Industrials, Inc. will post 12.52 EPS for the current fiscal year.

CSW Industrials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, July 31st. This represents a $1.20 annualized dividend and a yield of 0.4%. CSW Industrials’s payout ratio is currently 17.96%.

Insider Buying and Selling

In other news, CEO Joseph B. Armes sold 1,500 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $279.52, for a total transaction of $419,280.00. Following the completion of the transaction, the chief executive officer directly owned 69,100 shares in the company, valued at approximately $19,314,832. This represents a 2.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Luke Alverson sold 1,007 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $289.57, for a total transaction of $291,596.99. Following the sale, the senior vice president directly owned 12,450 shares of the company’s stock, valued at $3,605,146.50. The trade was a 7.48% 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. Over the last ninety days, insiders sold 4,007 shares of company stock worth $1,136,787. 1.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. AQR Capital Management LLC raised its stake in shares of CSW Industrials by 12.4% in the 1st quarter. AQR Capital Management LLC now owns 5,675 shares of the basic materials company’s stock valued at $1,654,000 after purchasing an additional 624 shares in the last quarter. Integrated Wealth Concepts LLC lifted its position in shares of CSW Industrials by 20.0% in the 1st quarter. Integrated Wealth Concepts LLC now owns 970 shares of the basic materials company’s stock worth $283,000 after buying an additional 162 shares during the last quarter. GAMMA Investing LLC acquired a new position in shares of CSW Industrials in the 4th quarter valued at about $50,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of CSW Industrials in the 4th quarter valued at about $1,117,000. Finally, Assenagon Asset Management S.A. bought a new stake in shares of CSW Industrials during the 4th quarter valued at about $737,000. 82.79% of the stock is owned by institutional investors and hedge funds.

CSW Industrials Company Profile

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.