CSW Industrials, Inc. (NYSE:CSW) Given Average Recommendation of “Moderate Buy” by Analysts

CSW Industrials, Inc. (NYSE:CSW) has been assigned a consensus rating of “Moderate Buy” from the nine analysts that are covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $347.5714.

CSW has been the topic of a number of analyst reports. Truist Financial boosted their price objective on shares of CSW Industrials from $313.00 to $332.00 and gave the company a “hold” rating in a research report on Monday, August 3rd. Zacks Research downgraded shares of CSW Industrials from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Citigroup raised their target price on shares of CSW Industrials from $304.00 to $340.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. JPMorgan Chase & Co. increased their price objective on shares of CSW Industrials from $350.00 to $380.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Finally, Wells Fargo & Company lifted their target price on CSW Industrials from $285.00 to $320.00 and gave the stock an “equal weight” rating in a report on Friday, July 31st.

Insider Activity

In related news, CEO Joseph B. Armes sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $279.52, for a total value of $419,280.00. Following the transaction, the chief executive officer directly owned 69,100 shares of the company’s stock, valued at approximately $19,314,832. The trade was a 2.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jeff Underwood sold 720 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $346.96, for a total transaction of $249,811.20. Following the transaction, the executive vice president directly owned 6,409 shares of the company’s stock, valued at $2,223,666.64. This trade represents a 10.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 3,720 shares of company stock worth $1,095,001 in the last ninety days. Corporate insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in CSW Industrials in the second quarter worth $686,462,000. Vanguard Group Inc. purchased a new stake in shares of CSW Industrials in the fourth quarter worth approximately $515,553,000. Capital World Investors bought a new stake in shares of CSW Industrials during the 4th quarter worth approximately $308,934,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of CSW Industrials during the fourth quarter worth $237,891,000. Finally, Morgan Stanley bought a new stake in CSW Industrials during the 4th quarter valued at about $196,549,000. Hedge funds and other institutional investors own 82.79% of the company’s stock.

CSW Industrials Price Performance

Shares of NYSE:CSW opened at $328.29 on Thursday. The stock has a market cap of $5.35 billion, a PE ratio of 45.03 and a beta of 0.83. The company’s fifty day moving average is $298.26 and its 200 day moving average is $285.56. The company has a quick ratio of 1.36, a current ratio of 2.70 and a debt-to-equity ratio of 0.77. CSW Industrials has a 52 week low of $230.45 and a 52 week high of $355.48.

CSW Industrials (NYSE:CSW) last released its earnings results on Thursday, July 30th. The basic materials company reported $3.84 earnings per share for the quarter, beating analysts’ consensus estimates of $3.66 by $0.18. The company had revenue of $350.65 million during the quarter. CSW Industrials had a return on equity of 17.41% and a net margin of 10.34%.CSW Industrials’s revenue was up 33.0% on a year-over-year basis. Research analysts anticipate that CSW Industrials will post 12.77 earnings per share for the current year.

CSW Industrials Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were issued a dividend of $0.30 per share. 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, July 31st. CSW Industrials’s dividend payout ratio is currently 16.46%.

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.