CSW Industrials (NYSE:CSW) Price Target Raised to $292.00

CSW Industrials (NYSE:CSW) had its target price raised by Truist Financial from $271.00 to $292.00 in a research report released on Monday morning, MarketBeat.com reports. The brokerage currently has a hold rating on the basic materials company’s stock.

A number of other equities research analysts also recently weighed in on the stock. JPMorgan Chase & Co. upgraded shares of CSW Industrials from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $300.00 to $350.00 in a research report on Wednesday, December 3rd. Wells Fargo & Company dropped their price objective on CSW Industrials from $300.00 to $280.00 and set an “equal weight” rating for the company in a report on Monday. Jefferies Financial Group set a $350.00 target price on CSW Industrials in a report on Wednesday, December 3rd. Zacks Research cut CSW Industrials from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Finally, The Goldman Sachs Group boosted their price target on CSW Industrials from $302.00 to $333.00 and gave the company a “neutral” rating in a research note on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $318.67.

CSW Industrials Trading Up 4.7%

Shares of CSW Industrials stock opened at $273.77 on Monday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.97 and a current ratio of 2.36. The firm has a 50-day moving average of $304.52 and a 200-day moving average of $272.57. CSW Industrials has a 52-week low of $230.45 and a 52-week high of $338.90. The stock has a market cap of $4.51 billion, a PE ratio of 36.31 and a beta of 0.83.

CSW Industrials (NYSE:CSW) last released its quarterly earnings results on Thursday, January 29th. The basic materials company reported $1.42 EPS for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.51). The business had revenue of $232.99 million for the quarter, compared to the consensus estimate of $249.36 million. CSW Industrials had a return on equity of 14.55% and a net margin of 12.64%. As a group, sell-side analysts forecast that CSW Industrials will post 8.49 EPS for the current year.

CSW Industrials Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, January 30th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, January 30th. CSW Industrials’s payout ratio is presently 14.32%.

Insider Activity at CSW Industrials

In related news, SVP Jeff Underwood sold 370 shares of the business’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $278.96, for a total transaction of $103,215.20. Following the sale, the senior vice president owned 5,853 shares in the company, valued at $1,632,752.88. The trade was a 5.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Luke Alverson sold 280 shares of the stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $272.95, for a total value of $76,426.00. Following the completion of the transaction, the senior vice president owned 13,110 shares of the company’s stock, valued at $3,578,374.50. This represents a 2.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 8,366 shares of company stock valued at $2,481,813. 1.30% of the stock is owned by company insiders.

Institutional Trading of CSW Industrials

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sanctuary Advisors LLC raised its holdings in CSW Industrials by 8.1% in the 4th quarter. Sanctuary Advisors LLC now owns 984 shares of the basic materials company’s stock valued at $289,000 after buying an additional 74 shares during the last quarter. Danske Bank A S bought a new stake in CSW Industrials during the 4th quarter worth approximately $29,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in CSW Industrials in the 4th quarter valued at approximately $31,000. CWM LLC bought a new position in shares of CSW Industrials during the fourth quarter valued at $32,000. Finally, Salomon & Ludwin LLC bought a new position in shares of CSW Industrials during the fourth quarter valued at $36,000. 82.79% of the stock is currently owned by institutional investors.

CSW Industrials Company Profile

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.