CSW Industrials (NYSE:CSW) Releases Quarterly Earnings Results, Misses Estimates By $0.51 EPS

CSW Industrials (NYSE:CSW) issued its quarterly earnings results on Thursday. The basic materials company reported $1.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.51), Zacks reports. CSW Industrials had a net margin of 14.88% and a return on equity of 14.74%.

CSW Industrials Stock Performance

CSW stock traded down $22.34 during mid-day trading on Thursday, reaching $277.62. 170,386 shares of the stock traded hands, compared to its average volume of 148,500. The firm has a market capitalization of $4.63 billion, a PE ratio of 32.73 and a beta of 0.82. The business has a 50-day moving average of $303.82 and a two-hundred day moving average of $273.47. CSW Industrials has a 52 week low of $230.45 and a 52 week high of $339.99. The company has a quick ratio of 1.32, a current ratio of 2.76 and a debt-to-equity ratio of 0.05.

CSW Industrials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, January 30th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, January 30th. This represents a $1.08 dividend on an annualized basis and a yield of 0.4%. CSW Industrials’s payout ratio is currently 12.68%.

Insider Activity

In other CSW Industrials news, SVP Luke Alverson sold 280 shares of CSW Industrials stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $272.95, for a total value of $76,426.00. Following the transaction, the senior vice president directly owned 13,110 shares of the company’s stock, valued at $3,578,374.50. The trade was a 2.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $328.64, for a total transaction of $328,640.00. Following the completion of the sale, the chief executive officer owned 62,526 shares in the company, valued at approximately $20,548,544.64. The trade was a 1.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 8,366 shares of company stock worth $2,481,813 over the last 90 days. Company insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On CSW Industrials

An institutional investor recently raised its position in CSW Industrials stock. AQR Capital Management LLC lifted its stake in CSW Industrials, Inc. (NYSE:CSW) by 12.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,675 shares of the basic materials company’s stock after acquiring an additional 624 shares during the quarter. AQR Capital Management LLC’s holdings in CSW Industrials were worth $1,654,000 as of its most recent SEC filing. Institutional investors and hedge funds own 82.79% of the company’s stock.

Analysts Set New Price Targets

CSW has been the topic of a number of research analyst reports. Truist Financial boosted their price target on shares of CSW Industrials from $273.00 to $276.00 and gave the company a “hold” rating in a research note on Wednesday, October 8th. CJS Securities upgraded CSW Industrials to a “strong-buy” rating in a report on Thursday, December 11th. Citigroup lifted their target price on CSW Industrials from $311.00 to $333.00 and gave the company a “neutral” rating in a research report on Monday, January 12th. Wells Fargo & Company increased their price target on shares of CSW Industrials from $265.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Monday, December 15th. Finally, JPMorgan Chase & Co. raised shares of CSW Industrials from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $300.00 to $350.00 in a research note on Wednesday, December 3rd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $323.67.

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.