Darron Ash Buys 300 Shares of CSW Industrials (NYSE:CSW) Stock

CSW Industrials, Inc. (NYSE:CSW) Director Darron Ash acquired 300 shares of the business’s stock in a transaction dated Friday, March 13th. The shares were acquired at an average cost of $256.62 per share, with a total value of $76,986.00. Following the acquisition, the director directly owned 1,155 shares of the company’s stock, valued at $296,396.10. This represents a 35.09% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

CSW Industrials Price Performance

CSW traded down $3.67 on Monday, reaching $252.87. The company had a trading volume of 155,435 shares, compared to its average volume of 155,126. The business has a 50 day simple moving average of $298.99 and a 200 day simple moving average of $276.90. The company has a market cap of $4.16 billion, a price-to-earnings ratio of 33.54 and a beta of 0.81. 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, Inc. has a 52-week low of $230.45 and a 52-week high of $338.90.

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 company had revenue of $232.99 million during the quarter, compared to analysts’ expectations 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 anticipate that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 30th were given a $0.27 dividend. The ex-dividend date was Friday, January 30th. This represents a $1.08 annualized dividend and a yield of 0.4%. CSW Industrials’s payout ratio is 14.32%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. CJS Securities upgraded CSW Industrials to a “strong-buy” rating in a research report on Thursday, December 11th. The Goldman Sachs Group upped their price objective on CSW Industrials from $302.00 to $333.00 and gave the stock a “neutral” rating in a report on Tuesday, January 13th. Wells Fargo & Company decreased their price objective 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. Truist Financial boosted their target price on CSW Industrials from $271.00 to $292.00 and gave the stock a “hold” rating in a research report on Monday, February 2nd. Finally, Jefferies Financial Group set a $350.00 target price on CSW Industrials in a research note on Wednesday, December 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $327.14.

Institutional Trading of CSW Industrials

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. purchased a new position in shares of CSW Industrials in the fourth quarter worth about $515,553,000. Capital World Investors purchased a new stake in CSW Industrials during the 4th quarter valued at about $308,934,000. Northwestern Mutual Wealth Management Co. purchased a new stake in CSW Industrials during the 4th quarter valued at about $237,891,000. Morgan Stanley bought a new position in CSW Industrials during the 4th quarter worth approximately $196,549,000. Finally, Wasatch Advisors LP bought a new position in CSW Industrials during the 4th quarter worth approximately $195,630,000. 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.