CSW Industrials, Inc. (NYSE:CSW) Receives $347.57 Consensus PT from Analysts

CSW Industrials, Inc. (NYSE:CSW) has received a consensus recommendation of “Moderate Buy” from the nine ratings firms that are covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $347.5714.

CSW has been the subject of a number of analyst reports. Wells Fargo & Company upped their price objective on shares of CSW Industrials from $285.00 to $320.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. JPMorgan Chase & Co. boosted their target price on shares of CSW Industrials from $350.00 to $380.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Zacks Research cut shares of CSW Industrials from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Citigroup lifted their price target on shares of CSW Industrials from $304.00 to $340.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Finally, Truist Financial increased their price objective on CSW Industrials from $313.00 to $332.00 and gave the stock a “hold” rating in a research report on Monday, August 3rd.

Insider Activity

In related news, EVP Jeff Underwood sold 720 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $346.96, for a total value of $249,811.20. Following the sale, the executive vice president directly owned 6,409 shares in the company, valued at approximately $2,223,666.64. The trade was a 10.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Joseph B. Armes sold 1,500 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were 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 $19,314,832. The trade was a 2.12% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CSW Industrials

Several large investors have recently made changes to their positions in CSW. Whittier Trust Co. lifted its position in CSW Industrials by 24.8% in the first quarter. Whittier Trust Co. now owns 252 shares of the basic materials company’s stock valued at $67,000 after purchasing an additional 50 shares during the period. Sanctuary Advisors LLC increased its position in CSW Industrials by 8.1% during the 4th quarter. Sanctuary Advisors LLC now owns 984 shares of the basic materials company’s stock worth $289,000 after purchasing an additional 74 shares during the period. Arax Advisory Partners acquired a new position in CSW Industrials during the 4th quarter worth approximately $28,000. Danske Bank A S purchased a new position in shares of CSW Industrials during the 4th quarter worth approximately $29,000. Finally, Valley Wealth Managers Inc. purchased a new position in shares of CSW Industrials during the 1st quarter worth approximately $26,000. 82.79% of the stock is currently owned by institutional investors and hedge funds.

CSW Industrials Stock Performance

NYSE:CSW opened at $321.85 on Thursday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.36 and a current ratio of 2.70. The stock has a market capitalization of $5.24 billion, a PE ratio of 44.15 and a beta of 0.83. CSW Industrials has a fifty-two week low of $230.45 and a fifty-two week high of $355.48. The company has a fifty day moving average of $303.42 and a two-hundred day moving average of $287.58.

CSW Industrials (NYSE:CSW) last released its earnings results on Thursday, July 30th. The basic materials company reported $3.84 earnings per share for the quarter, beating the consensus estimate of $3.66 by $0.18. CSW Industrials had a return on equity of 17.41% and a net margin of 10.34%.The business had revenue of $350.65 million for the quarter. The business’s revenue was up 33.0% compared to the same quarter last year. As a group, research analysts forecast that CSW Industrials will post 12.77 earnings per share for the current fiscal year.

CSW Industrials Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Friday, July 31st. CSW Industrials’s dividend payout ratio (DPR) is presently 16.46%.

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.