CSW Industrials (NYSE:CSW) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

CSW Industrials (NYSE:CSW) had its target price raised by investment analysts at The Goldman Sachs Group from $302.00 to $333.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the basic materials company’s stock. The Goldman Sachs Group’s target price would indicate a potential upside of 3.97% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on CSW. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CSW Industrials in a report on Monday, December 29th. Truist Financial boosted their target price on shares of CSW Industrials from $273.00 to $276.00 and gave the company a “hold” rating in a research note on Wednesday, October 8th. CJS Securities raised CSW Industrials to a “strong-buy” rating in a research report on Thursday, December 11th. JPMorgan Chase & Co. raised shares of CSW Industrials from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $300.00 to $350.00 in a report on Wednesday, December 3rd. Finally, Zacks Research lowered CSW Industrials from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $323.67.

CSW Industrials Stock Performance

NYSE:CSW traded up $0.47 during trading hours on Tuesday, reaching $320.30. The company had a trading volume of 37,174 shares, compared to its average volume of 136,126. The firm’s 50 day moving average price is $285.25 and its 200-day moving average price is $271.82. The firm has a market cap of $5.35 billion, a price-to-earnings ratio of 37.59 and a beta of 0.82. The company has a current ratio of 2.76, a quick ratio of 1.32 and a debt-to-equity ratio of 0.05. CSW Industrials has a 52 week low of $230.45 and a 52 week high of $401.02.

CSW Industrials (NYSE:CSW) last announced its earnings results on Thursday, October 30th. The basic materials company reported $2.96 EPS for the quarter, beating analysts’ consensus estimates of $2.73 by $0.23. CSW Industrials had a net margin of 14.88% and a return on equity of 14.74%. On average, analysts forecast that CSW Industrials will post 8.49 EPS for the current year.

Insider Buying and Selling

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $317.40, for a total transaction of $317,400.00. Following the completion of the sale, the chief executive officer owned 64,493 shares of the company’s stock, valued at $20,470,078.20. This trade represents a 1.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Luke Alverson sold 280 shares of CSW Industrials stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $272.95, for a total transaction of $76,426.00. Following the completion of the sale, the senior vice president owned 13,110 shares of the company’s stock, valued at $3,578,374.50. This trade represents a 2.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 8,366 shares of company stock worth $2,403,173 over the last ninety days. 1.30% of the stock is currently owned by insiders.

Institutional Trading of CSW Industrials

Institutional investors have recently modified their holdings of the business. Riverbridge Partners LLC acquired a new stake in CSW Industrials during the 4th quarter valued at $38,280,000. Moody National Bank Trust Division bought a new position in shares of CSW Industrials in the fourth quarter valued at approximately $258,000. Professional Advisory Services Inc. acquired a new position in CSW Industrials during the fourth quarter worth about $235,000. DAVENPORT & Co LLC bought a new position in shares of CSW Industrials in the fourth quarter valued at $1,545,000. Finally, Heritage Family Offices LLP acquired a new position in shares of CSW Industrials in the 4th quarter valued at $237,000. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

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.