CSW Industrials (NYSE:CSW) Releases Quarterly Earnings Results

CSW Industrials (NYSE:CSW) issued its earnings results on Tuesday. The basic materials company reported $3.14 earnings per share for the quarter, FiscalAI reports. CSW Industrials had a return on equity of 14.55% and a net margin of 12.64%.The company had revenue of $308.96 million during the quarter.

CSW Industrials Trading Down 0.1%

Shares of NYSE CSW opened at $277.83 on Tuesday. The stock’s 50 day moving average price is $273.73 and its two-hundred day moving average price is $285.29. CSW Industrials has a 52-week low of $230.45 and a 52-week high of $337.02. The stock has a market capitalization of $4.58 billion, a P/E ratio of 36.85 and a beta of 0.88. The company has a quick ratio of 0.97, a current ratio of 2.36 and a debt-to-equity ratio of 0.72.

CSW Industrials Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, April 24th were issued a $0.30 dividend. This is an increase from CSW Industrials’s previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Friday, April 24th. CSW Industrials’s dividend payout ratio (DPR) is currently 15.92%.

Insider Transactions at CSW Industrials

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

Institutional Trading of CSW Industrials

Institutional investors and hedge funds have recently bought and sold shares of the company. Arax Advisory Partners acquired a new stake in CSW Industrials during the fourth quarter valued at approximately $28,000. Danske Bank A S acquired a new stake in CSW Industrials during the fourth quarter valued at approximately $29,000. Valley Wealth Managers Inc. acquired a new stake in CSW Industrials during the first quarter valued at approximately $26,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of CSW Industrials during the 4th quarter worth approximately $31,000. Finally, Global Retirement Partners LLC acquired a new stake in shares of CSW Industrials during the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 82.79% of the company’s stock.

Wall Street Analysts Forecast Growth

CSW has been the subject of several analyst reports. Zacks Research raised CSW Industrials from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. Truist Financial increased 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 reduced their price target on CSW Industrials from $333.00 to $307.00 and set a “neutral” rating for the company in a report on Friday, January 30th. Wells Fargo & Company reduced their price target on CSW Industrials from $300.00 to $280.00 and set an “equal weight” rating for the company in a report on Monday, February 2nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of CSW Industrials in a report on Wednesday, April 29th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $328.43.

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.