CSW Industrials, Inc. (NASDAQ:CSWI) Given Average Rating of “Hold” by Brokerages

Shares of CSW Industrials, Inc. (NASDAQ:CSWI) have been assigned a consensus rating of “Hold” from the five research firms that are covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $347.00.

Several research analysts have commented on CSWI shares. Truist Financial started coverage on CSW Industrials in a research report on Friday, February 14th. They issued a “hold” rating and a $362.00 price objective on the stock. Wall Street Zen downgraded CSW Industrials from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Wells Fargo & Company boosted their price objective on CSW Industrials from $295.00 to $305.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, Citigroup boosted their price objective on CSW Industrials from $313.00 to $321.00 and gave the stock a “neutral” rating in a research report on Friday.

CSW Industrials Stock Down 0.4%

CSWI stock opened at $300.91 on Friday. CSW Industrials has a 52-week low of $248.90 and a 52-week high of $436.50. The stock’s fifty day simple moving average is $302.16 and its 200-day simple moving average is $339.21. The stock has a market capitalization of $5.05 billion, a price-to-earnings ratio of 35.95 and a beta of 0.96.

CSW Industrials (NASDAQ:CSWI) last issued its earnings results on Thursday, May 22nd. The basic materials company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.23 by $0.01. CSW Industrials had a return on equity of 15.72% and a net margin of 15.53%. The firm had revenue of $230.55 million for the quarter, compared to analysts’ expectations of $232.82 million. During the same quarter last year, the firm earned $2.04 earnings per share. As a group, analysts anticipate that CSW Industrials will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, April 25th were issued a $0.27 dividend. The ex-dividend date was Friday, April 25th. This represents a $1.08 annualized dividend and a dividend yield of 0.36%. This is a boost from CSW Industrials’s previous quarterly dividend of $0.24. CSW Industrials’s dividend payout ratio is currently 12.90%.

Insider Buying and Selling at CSW Industrials

In related news, CFO James E. Perry sold 145 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $307.77, for a total value of $44,626.65. Following the completion of the sale, the chief financial officer now directly owns 23,282 shares in the company, valued at approximately $7,165,501.14. This represents a 0.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert M. Swartz sold 200 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $307.21, for a total transaction of $61,442.00. Following the completion of the sale, the director now owns 13,319 shares of the company’s stock, valued at $4,091,729.99. This represents a 1.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,276 shares of company stock valued at $3,093,736 in the last three months. 1.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CSW Industrials

A number of hedge funds have recently bought and sold shares of CSWI. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of CSW Industrials by 517.6% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 105 shares of the basic materials company’s stock valued at $31,000 after buying an additional 88 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of CSW Industrials by 526.3% in the first quarter. Versant Capital Management Inc now owns 119 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 100 shares in the last quarter. IFP Advisors Inc boosted its stake in CSW Industrials by 510.5% in the fourth quarter. IFP Advisors Inc now owns 116 shares of the basic materials company’s stock valued at $42,000 after acquiring an additional 97 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in CSW Industrials in the fourth quarter valued at approximately $51,000. Finally, Jones Financial Companies Lllp boosted its position in shares of CSW Industrials by 300.0% during the fourth quarter. Jones Financial Companies Lllp now owns 164 shares of the basic materials company’s stock worth $58,000 after purchasing an additional 123 shares in the last quarter. 82.79% of the stock is currently owned by institutional investors.

About CSW Industrials

CSW Industrials, Inc operates as a diversified industrial company in the United States and internationally. It operates through three segments: Contractor Solutions, Engineered Building Solutions, and Specialized Reliability Solutions. The Contractor Solutions segment provides condensate pads, pans, pumps, switches, and traps; cements, diffusers, grilles, registers, solvents, thread sealants, and vents; line set covers; refrigerant caps; wire pulling head tools; electrical protection, chemical maintenance, and installation supplies for HVAC; ductless mini-split systems installation support tools and accessories; and drain waste and vent system products for use in HVAC/R, plumbing, general industrial, architecturally specified building products.