CSW Industrials (NYSE:CSW) Given New $328.00 Price Target at Truist Financial

CSW Industrials (NYSE:CSW) had its price objective cut by investment analysts at Truist Financial from $332.00 to $328.00 in a research report issued on Monday, Benzinga reports. The firm currently has a “hold” rating on the basic materials company’s stock. Truist Financial‘s target price would suggest a potential upside of 13.78% from the stock’s current price.

CSW has been the topic of a number of other research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of CSW Industrials in a research report on Friday. JPMorgan Chase & Co. boosted their target price on CSW Industrials from $350.00 to $380.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Zacks Research downgraded CSW Industrials from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Wells Fargo & Company decreased their price objective on shares of CSW Industrials from $320.00 to $290.00 and set an “equal weight” rating on the stock in a report on Friday. Finally, Citigroup raised their target price on shares of CSW Industrials from $304.00 to $340.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $342.71.

CSW Industrials Stock Up 0.7%

NYSE CSW traded up $2.11 during trading hours on Monday, hitting $288.27. 16,481 shares of the company traded hands, compared to its average volume of 143,702. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.15 and a current ratio of 2.35. The business’s 50-day moving average is $298.08 and its 200-day moving average is $290.90. The stock has a market capitalization of $4.70 billion, a price-to-earnings ratio of 37.20 and a beta of 0.81. CSW Industrials has a twelve month low of $236.66 and a twelve month high of $355.48.

CSW Industrials (NYSE:CSW) last released its quarterly earnings data on Thursday, October 29th. The basic materials company reported $3.66 EPS for the quarter, missing the consensus estimate of $3.69 by ($0.03). The company had revenue of $361.44 million during the quarter. CSW Industrials had a net margin of 10.17% and a return on equity of 18.38%. The company’s revenue was up 30.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.96 earnings per share. Sell-side analysts anticipate that CSW Industrials will post 12.53 earnings per share for the current year.

Insider Activity at CSW Industrials

In other CSW Industrials news, CEO Joseph Armes sold 1,500 shares of the stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $287.04, for a total transaction of $430,560.00. Following the transaction, the chief executive officer owned 64,083 shares in the company, valued at $18,394,384.32. This trade represents a 2.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jeff Underwood sold 720 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $346.96, for a total value of $249,811.20. Following the transaction, the executive vice president owned 6,409 shares in the company, valued at $2,223,666.64. The trade was a 10.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 3,720 shares of company stock valued at $1,114,741. 1.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CSW Industrials

Several institutional investors and hedge funds have recently modified their holdings of CSW. BlackRock Inc. acquired a new position in shares of CSW Industrials during the 2nd quarter worth approximately $686,462,000. Jupiter Topco LLC bought a new stake in shares of CSW Industrials in the second quarter valued at approximately $36,656,000. Bank of America Corp DE acquired a new stake in CSW Industrials during the second quarter worth approximately $29,809,000. Bank of New York Mellon Corp bought a new position in CSW Industrials during the 2nd quarter worth $27,915,000. Finally, Fifth Third Bancorp increased its stake in CSW Industrials by 19,565.8% during the 1st quarter. Fifth Third Bancorp now owns 81,023 shares of the basic materials company’s stock worth $21,113,000 after acquiring an additional 80,611 shares during the period. 82.79% of the stock is currently owned by institutional investors and hedge funds.

About CSW Industrials

CSW Industrials, Inc (NYSE: CSW) is a diversified industrial company that develops, manufactures and sells products designed for professional trades, commercial and residential construction, and industrial maintenance applications. Its offerings are marketed primarily through established brands and distribution channels serving contractors, building professionals and industrial customers.

The company operates through three principal segments: Contractor Solutions, Engineered Building Solutions and Specialized Reliability Solutions.