CSW Industrials (NYSE:CSW) Given New $313.00 Price Target at Truist Financial

CSW Industrials (NYSE:CSW) had its target price hoisted by equities researchers at Truist Financial from $300.00 to $313.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “hold” rating on the basic materials company’s stock. Truist Financial’s price objective would suggest a potential upside of 14.43% from the company’s current price.

A number of other equities analysts have also commented on CSW. Zacks Research raised CSW Industrials from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 8th. Citigroup reduced their price objective on CSW Industrials from $307.00 to $304.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 27th. Weiss Ratings raised CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Finally, Wells Fargo & Company increased their target price on CSW Industrials from $280.00 to $285.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 27th. Three investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $330.43.

CSW Industrials Stock Down 1.7%

Shares of CSW stock opened at $273.54 on Thursday. The company’s fifty day simple moving average is $276.12 and its two-hundred day simple moving average is $286.74. CSW Industrials has a 52 week low of $230.45 and a 52 week high of $337.02. The stock has a market cap of $4.46 billion, a P/E ratio of 40.95 and a beta of 0.84. The company has a quick ratio of 1.23, a current ratio of 2.60 and a debt-to-equity ratio of 0.80.

CSW Industrials (NYSE:CSW) last issued its quarterly earnings data on Tuesday, May 26th. The basic materials company reported $3.14 earnings per share for the quarter, beating analysts’ consensus estimates of $2.34 by $0.80. CSW Industrials had a return on equity of 15.91% and a net margin of 10.35%.The firm had revenue of $308.96 million during the quarter. The business’s revenue for the quarter was up 34.0% compared to the same quarter last year. Analysts predict that CSW Industrials will post 12.52 EPS for the current fiscal year.

Insiders Place Their Bets

In other CSW Industrials news, EVP Don Sullivan sold 166 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $300.26, for a total transaction of $49,843.16. Following the sale, the executive vice president directly owned 21,567 shares in the company, valued at $6,475,707.42. This represents a 0.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Luke Alverson sold 1,007 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $289.57, for a total value of $291,596.99. Following the completion of the sale, the senior vice president directly owned 12,450 shares of the company’s stock, valued at $3,605,146.50. The trade was a 7.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 6,680 shares of company stock valued at $1,884,758 over the last ninety days. 1.30% of the stock is owned by insiders.

Institutional Trading of CSW Industrials

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

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.