CSW Industrials (NYSE:CSW) Reaches New 52-Week High – Time to Buy?

Shares of CSW Industrials, Inc. (NYSE:CSW) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $354.71 and last traded at $348.1210, with a volume of 113407 shares traded. The stock had previously closed at $350.68.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CSW shares. Weiss Ratings upgraded CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. Wells Fargo & Company upped their price target on CSW Industrials from $285.00 to $320.00 and gave the stock an “equal weight” rating in a research note on Friday, July 31st. Zacks Research lowered CSW Industrials from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Citigroup raised their price objective on CSW Industrials from $304.00 to $340.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Finally, Truist Financial boosted their price objective on CSW Industrials from $313.00 to $332.00 and gave the company a “hold” rating in a report on Monday, August 3rd. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $347.57.

CSW Industrials Trading Up 1.0%

The company has a quick ratio of 1.36, a current ratio of 2.70 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $5.72 billion, a P/E ratio of 48.17 and a beta of 0.83. The firm’s 50-day moving average price is $289.86 and its 200 day moving average price is $284.31.

CSW Industrials (NYSE:CSW) last announced its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.84 earnings per share for the quarter, beating the consensus estimate of $3.66 by $0.18. The business had revenue of $350.65 million for the quarter. CSW Industrials had a net margin of 10.34% and a return on equity of 17.41%. The firm’s revenue for the quarter was up 33.0% on a year-over-year basis. As a group, equities research analysts predict that CSW Industrials, Inc. will post 12.77 earnings per share for the current year.

CSW Industrials Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, July 31st. CSW Industrials’s dividend payout ratio (DPR) is currently 16.46%.

Insider Buying and Selling

In related news, EVP Jeff Underwood sold 720 shares of the company’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $346.96, for a total transaction of $249,811.20. Following the completion of the sale, the executive vice president owned 6,409 shares in the company, valued at approximately $2,223,666.64. This represents a 10.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Joseph B. Armes sold 1,500 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $279.52, for a total value of $419,280.00. Following the completion of the sale, the chief executive officer directly owned 69,100 shares of the company’s stock, valued at $19,314,832. The trade was a 2.12% decrease in their ownership of the stock. 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. Insiders sold 3,720 shares of company stock worth $1,095,001 in the last 90 days. Corporate insiders own 1.20% of the company’s stock.

Institutional Trading of CSW Industrials

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of CSW Industrials during the second quarter valued at about $686,462,000. Vanguard Group Inc. bought a new stake in CSW Industrials in the 4th quarter worth about $515,553,000. Capital World Investors bought a new stake in CSW Industrials in the 4th quarter worth about $308,934,000. Northwestern Mutual Wealth Management Co. purchased a new stake in CSW Industrials in the 4th quarter valued at about $237,891,000. Finally, Morgan Stanley purchased a new stake in CSW Industrials in the 4th quarter valued at about $196,549,000. 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.