Truist Financial Raises CSW Industrials (NYSE:CSW) Price Target to $292.00

CSW Industrials (NYSE:CSW) had its price target raised by equities research analysts at Truist Financial from $271.00 to $292.00 in a research note issued to investors on Monday, Marketbeat Ratings reports. The firm presently has a “hold” rating on the basic materials company’s stock. Truist Financial’s price objective indicates a potential upside of 11.95% from the company’s previous close.

Other analysts have also recently issued reports about the company. Weiss Ratings reissued a “hold (c+)” rating on shares of CSW Industrials in a research report on Monday, December 29th. The Goldman Sachs Group boosted their target price on CSW Industrials from $302.00 to $333.00 and gave the stock a “neutral” rating in a report on Tuesday, January 13th. CJS Securities raised CSW Industrials to a “strong-buy” rating in a research note on Thursday, December 11th. Zacks Research downgraded CSW Industrials from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Finally, Citigroup lowered their price target on CSW Industrials from $333.00 to $307.00 and set a “neutral” rating for the company in a research report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $318.67.

CSW Industrials Stock Up 0.2%

NYSE:CSW opened at $260.84 on Monday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.36 and a quick ratio of 0.97. The firm’s 50-day moving average price is $304.48 and its 200-day moving average price is $272.56. The company has a market capitalization of $4.30 billion, a PE ratio of 34.59 and a beta of 0.83. CSW Industrials has a 1-year low of $230.45 and a 1-year high of $338.90.

CSW Industrials (NYSE:CSW) last issued its quarterly earnings results on Thursday, January 29th. The basic materials company reported $1.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.51). CSW Industrials had a net margin of 12.64% and a return on equity of 14.55%. The business had revenue of $232.99 million for the quarter, compared to analysts’ expectations of $249.36 million. On average, equities analysts predict that CSW Industrials will post 8.49 EPS for the current fiscal year.

Insiders Place Their Bets

In other CSW Industrials news, SVP Luke Alverson sold 280 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $272.95, for a total transaction of $76,426.00. Following the transaction, the senior vice president owned 13,110 shares in the company, valued at approximately $3,578,374.50. This represents a 2.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jeff Underwood sold 370 shares of CSW Industrials stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $278.96, for a total transaction of $103,215.20. Following the completion of the sale, the senior vice president owned 5,853 shares of the company’s stock, valued at $1,632,752.88. This represents a 5.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 8,366 shares of company stock worth $2,481,813 in the last quarter. Insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On CSW Industrials

Hedge funds have recently added to or reduced their stakes in the stock. Daymark Wealth Partners LLC purchased a new stake in CSW Industrials during the fourth quarter valued at approximately $531,000. SG Americas Securities LLC purchased a new position in shares of CSW Industrials during the 4th quarter worth $39,915,000. Park Avenue Securities LLC bought a new stake in shares of CSW Industrials during the 4th quarter valued at $746,000. GAMMA Investing LLC purchased a new stake in shares of CSW Industrials in the 4th quarter worth $50,000. Finally, Professional Advisory Services Inc. bought a new position in CSW Industrials in the 4th quarter worth $235,000. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

CSW Industrials Company Profile

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.