CSW Industrials, Inc. (NASDAQ:CSWI) Receives $347.00 Consensus PT from Analysts

CSW Industrials, Inc. (NASDAQ:CSWIGet Free Report) has been given a consensus rating of “Hold” by the four ratings firms that are currently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $347.00.

A number of brokerages have recently commented on CSWI. Wells Fargo & Company lifted their price objective on CSW Industrials from $295.00 to $305.00 and gave the company an “equal weight” rating in a research report on Friday, May 23rd. Citigroup lifted their price objective on CSW Industrials from $313.00 to $321.00 and gave the company a “neutral” rating in a research report on Friday, May 23rd.

View Our Latest Stock Report on CSW Industrials

CSW Industrials Stock Up 0.2%

Shares of NASDAQ:CSWI opened at $305.23 on Thursday. The company has a market cap of $5.13 billion, a P/E ratio of 36.47 and a beta of 0.92. CSW Industrials has a 52 week low of $249.84 and a 52 week high of $436.50. The business has a fifty day simple moving average of $309.76 and a 200-day simple moving average of $323.66.

CSW Industrials (NASDAQ:CSWIGet Free Report) last announced its quarterly earnings data on Thursday, May 22nd. The basic materials company reported $2.24 EPS for the quarter, beating analysts’ consensus estimates of $2.23 by $0.01. The business had revenue of $230.55 million during the quarter, compared to the consensus estimate of $232.82 million. CSW Industrials had a return on equity of 15.72% and a net margin of 15.53%. During the same quarter in the previous year, the business earned $2.04 earnings per share. Sell-side analysts expect that CSW Industrials will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, April 25th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date was Friday, April 25th. This is an increase from CSW Industrials’s previous quarterly dividend of $0.24. CSW Industrials’s payout ratio is 12.84%.

Insider Buying and Selling at CSW Industrials

In other news, Director Robert M. Swartz sold 200 shares of the company’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $289.10, for a total value of $57,820.00. Following the completion of the sale, the director now owns 13,119 shares of the company’s stock, valued at $3,792,702.90. This represents a 1.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP James E. Perry sold 145 shares of the firm’s stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $304.00, for a total value of $44,080.00. Following the sale, the executive vice president now owns 25,468 shares in the company, valued at approximately $7,742,272. The trade was a 0.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,873 shares of company stock valued at $2,422,546. Company insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On CSW Industrials

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of CSW Industrials by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 1,852,716 shares of the basic materials company’s stock valued at $653,638,000 after buying an additional 29,488 shares during the period. Conestoga Capital Advisors LLC raised its holdings in shares of CSW Industrials by 5.1% during the 1st quarter. Conestoga Capital Advisors LLC now owns 603,277 shares of the basic materials company’s stock valued at $175,867,000 after buying an additional 29,285 shares during the period. Geode Capital Management LLC boosted its holdings in CSW Industrials by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 393,853 shares of the basic materials company’s stock valued at $138,983,000 after purchasing an additional 4,899 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in CSW Industrials by 34.5% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 316,464 shares of the basic materials company’s stock valued at $92,256,000 after purchasing an additional 81,139 shares during the last quarter. Finally, Champlain Investment Partners LLC purchased a new position in CSW Industrials in the first quarter valued at about $81,194,000. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

CSW Industrials Company Profile

(Get Free Report

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.

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