CSW Industrials, Inc. (NYSE:CSW) Stock Has Average Target Price of $347.57

Shares of CSW Industrials, Inc. (NYSE:CSW) have earned an average recommendation of “Moderate Buy” from the nine brokerages that are covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $347.57.

A number of analysts recently issued reports on CSW shares. Zacks Research downgraded CSW Industrials from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Wells Fargo & Company boosted their price objective on shares of CSW Industrials from $285.00 to $320.00 and gave the company an “equal weight” rating in a research report on Friday, July 31st. Weiss Ratings raised shares of CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. Citigroup increased 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. Finally, JPMorgan Chase & Co. raised their target price on shares of CSW Industrials from $350.00 to $380.00 and gave the stock an “overweight” rating in a report on Friday, July 31st.

Insider Activity

In other CSW Industrials news, EVP Jeff Underwood sold 720 shares of the firm’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $346.96, for a total value of $249,811.20. Following the completion of the sale, the executive vice president owned 6,409 shares of the company’s stock, valued at $2,223,666.64. This trade represents a 10.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Joseph Armes sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $289.58, for a total value of $434,370.00. Following the transaction, the chief executive officer owned 62,736 shares of the company’s stock, valued at $18,167,090.88. This trade represents a 2.34% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On CSW Industrials

Several hedge funds and other institutional investors have recently modified their holdings of the business. Valley Wealth Managers Inc. acquired a new position in shares of CSW Industrials during the first quarter worth $26,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of CSW Industrials during the 2nd quarter valued at $29,000. Public Employees Retirement System of Ohio acquired a new stake in shares of CSW Industrials in the 2nd quarter worth $29,000. Global Retirement Partners LLC acquired a new stake in shares of CSW Industrials in the 2nd quarter worth $31,000. Finally, Sound Income Strategies LLC boosted its position in shares of CSW Industrials by 628.6% in the 1st quarter. Sound Income Strategies LLC now owns 153 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 132 shares in the last quarter. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

CSW Industrials Trading Up 2.0%

Shares of CSW stock opened at $294.54 on Friday. CSW Industrials has a 1 year low of $230.96 and a 1 year high of $355.48. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.70 and a quick ratio of 1.36. The stock’s 50 day simple moving average is $310.35 and its two-hundred day simple moving average is $290.72. The company has a market cap of $4.80 billion, a PE ratio of 25.42 and a beta of 0.81.

CSW Industrials (NYSE:CSW) last posted its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.66 by $0.18. The business 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%. The firm’s revenue for the quarter was up 33.0% on a year-over-year basis. Research analysts predict that CSW Industrials will post 12.53 earnings per share for the current year.

CSW Industrials Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.4%. The ex-dividend date was Friday, July 31st. CSW Industrials’s dividend payout ratio is presently 16.46%.

CSW Industrials Company Profile

CSW Industrials, Inc is a diversified industrial products company headquartered in Dallas, Texas. The company develops, manufactures and sells products used in the maintenance, repair, construction and improvement of residential, commercial and industrial infrastructure.

CSW Industrials operates through three primary business segments: Contractor Solutions, Engineered Building Solutions and Specialized Reliability Solutions. Its product portfolio includes HVAC and refrigeration products, plumbing and electrical solutions, adhesives, sealants, coatings, fire- and smoke-protection products, roofing materials, building components and specialty products designed to support the reliability and performance of industrial equipment and infrastructure.