CSW Industrials, Inc. (NYSE:CSW) Given Average Recommendation of “Moderate Buy” by Analysts

CSW Industrials, Inc. (NYSE:CSW) has been assigned an average rating of “Moderate Buy” from the nine analysts that are presently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $328.4286.

A number of analysts recently issued reports on CSW shares. Zacks Research raised CSW Industrials from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. Truist Financial raised their price target on CSW Industrials from $292.00 to $301.00 and gave the company a “hold” rating in a report on Monday, April 20th. Citigroup lowered their price target on CSW Industrials from $333.00 to $307.00 and set a “neutral” rating on the stock in a report on Friday, January 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CSW Industrials in a report on Wednesday, April 29th. Finally, Wells Fargo & Company lowered their price target on CSW Industrials from $300.00 to $280.00 and set an “equal weight” rating on the stock in a report on Monday, February 2nd.

Insiders Place Their Bets

In other CSW Industrials news, SVP Luke Alverson sold 1,007 shares of the firm’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $289.57, for a total value of $291,596.99. Following the sale, the senior vice president owned 12,450 shares of the company’s stock, valued at $3,605,146.50. This trade represents a 7.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at 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 the firm’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $286.77, for a total value of $430,155.00. Following the completion of the sale, the chief executive officer directly owned 84,494 shares in the company, valued at approximately $24,230,344.38. The trade was a 1.74% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 3,680 shares of company stock worth $1,039,568. 1.30% of the stock is currently owned by insiders.

Institutional Trading of CSW Industrials

Several institutional investors and hedge funds have recently modified their holdings of the business. 1900 Wealth Management LLC bought a new position in shares of CSW Industrials during the 4th quarter valued at about $5,363,000. Jacobson & Schmitt Advisors LLC bought a new position in shares of CSW Industrials during the 4th quarter valued at about $18,341,000. Harbor Capital Advisors Inc. bought a new position in shares of CSW Industrials during the 4th quarter valued at about $2,359,000. B. Metzler seel. Sohn & Co. AG bought a new position in shares of CSW Industrials during the 4th quarter valued at about $3,635,000. Finally, Riverbridge Partners LLC bought a new position in shares of CSW Industrials during the 4th quarter valued at about $38,280,000. Hedge funds and other institutional investors own 82.79% of the company’s stock.

CSW Industrials Stock Performance

Shares of CSW opened at $260.05 on Tuesday. The stock’s 50-day simple moving average is $273.41 and its 200 day simple moving average is $284.53. The stock has a market capitalization of $4.28 billion, a price-to-earnings ratio of 34.49 and a beta of 0.88. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.97 and a current ratio of 2.36. CSW Industrials has a 52-week low of $230.45 and a 52-week high of $337.02.

CSW Industrials Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, April 24th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, April 24th. This is an increase from CSW Industrials’s previous quarterly dividend of $0.27. CSW Industrials’s payout ratio is 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.