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

Shares of CSW Industrials, Inc. (NYSE:CSW) have been given a consensus recommendation of “Moderate Buy” by the nine brokerages that are currently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $347.5714.

CSW has been the topic of several recent research reports. Truist Financial increased their target price on CSW Industrials from $313.00 to $332.00 and gave the company a “hold” rating in a research report on Monday, August 3rd. Citigroup boosted their price target on CSW Industrials from $304.00 to $340.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. JPMorgan Chase & Co. upped their price objective on CSW Industrials from $350.00 to $380.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Zacks Research lowered CSW Industrials from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Finally, Weiss Ratings upgraded CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd.

CSW Industrials Price Performance

Shares of CSW opened at $286.77 on Monday. 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 company has a 50 day moving average price of $311.44 and a 200-day moving average price of $287.15. CSW Industrials has a fifty-two week low of $230.45 and a fifty-two week high of $355.48. The stock has a market capitalization of $4.67 billion, a PE ratio of 39.34 and a beta of 0.81.

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

CSW Industrials Announces Dividend

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

Insider Buying and Selling

In related news, CEO Joseph Armes sold 1,500 shares of the stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $289.58, for a total transaction of $434,370.00. Following the completion of the sale, the chief executive officer owned 62,736 shares of the company’s stock, valued at $18,167,090.88. This represents a 2.34% decrease in their ownership of the stock. 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, EVP Jeff Underwood sold 720 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $346.96, for a total transaction of $249,811.20. Following the completion of the sale, the executive vice president owned 6,409 shares of the company’s stock, valued at approximately $2,223,666.64. This trade represents a 10.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.20% of the stock is owned by insiders.

Institutional Trading of CSW Industrials

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Sequoia Financial Advisors LLC boosted its position in shares of CSW Industrials by 10.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 3,534 shares of the basic materials company’s stock worth $984,000 after purchasing an additional 320 shares in the last quarter. Tidal Investments LLC grew its stake in CSW Industrials by 30.9% during the 2nd quarter. Tidal Investments LLC now owns 56,251 shares of the basic materials company’s stock worth $15,655,000 after buying an additional 13,287 shares during the last quarter. Engineers Gate Manager LP acquired a new position in CSW Industrials during the 2nd quarter valued at about $429,000. Nykredit A S acquired a new position in CSW Industrials during the 2nd quarter valued at about $131,000. Finally, HighTower Advisors LLC raised its stake in CSW Industrials by 1,431.5% in the second quarter. HighTower Advisors LLC now owns 20,767 shares of the basic materials company’s stock valued at $5,779,000 after buying an additional 19,411 shares during the last quarter. Hedge funds and other institutional investors own 82.79% of the company’s stock.

CSW Industrials Company Profile

CSW Industrials, Inc is a diversified industrial company that develops, manufactures and sells specialized products serving the building, construction, industrial and energy markets. Its offerings are sold under a portfolio of established brands and are designed for applications including heating, ventilation and air conditioning, refrigeration, plumbing, electrical systems and building safety.

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