CSW Industrials, Inc. (NYSE:CSW) Given Average Recommendation of “Hold” by Brokerages

Shares of CSW Industrials, Inc. (NYSE:CSW) have received an average rating of “Hold” from the nine research firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $327.1429.

Several brokerages have issued reports on CSW. Truist Financial raised their price objective on CSW Industrials from $271.00 to $292.00 and gave the stock a “hold” rating in a report on Monday, February 2nd. Weiss Ratings reissued a “hold (c+)” rating on shares of CSW Industrials in a report on Monday, December 29th. Robert W. Baird initiated coverage on CSW Industrials in a research report on Tuesday, February 17th. They issued an “outperform” rating and a $378.00 target price for the company. JPMorgan Chase & Co. upgraded CSW Industrials from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $300.00 to $350.00 in a research note on Wednesday, December 3rd. Finally, Jefferies Financial Group set a $350.00 price target on CSW Industrials in a research report on Wednesday, December 3rd.

CSW Industrials Trading Down 1.4%

Shares of CSW Industrials stock opened at $259.18 on Monday. The company has a current ratio of 2.36, a quick ratio of 0.97 and a debt-to-equity ratio of 0.72. The company has a fifty day simple moving average of $293.36 and a 200-day simple moving average of $276.47. The stock has a market cap of $4.27 billion, a price-to-earnings ratio of 34.37 and a beta of 0.81. CSW Industrials has a 12-month low of $230.45 and a 12-month high of $338.90.

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

CSW Industrials Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 30th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Friday, January 30th. CSW Industrials’s payout ratio is presently 14.32%.

Insider Activity at CSW Industrials

In other CSW Industrials news, Director Darron K. Ash acquired 300 shares of the stock in a transaction on Friday, March 13th. The shares were bought at an average cost of $256.62 per share, with a total value of $76,986.00. Following the transaction, the director owned 1,155 shares of the company’s stock, valued at approximately $296,396.10. This trade represents a 35.09% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $328.64, for a total transaction of $328,640.00. Following the completion of the transaction, the chief executive officer owned 62,526 shares in the company, valued at approximately $20,548,544.64. This represents a 1.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.30% of the stock is owned by insiders.

Hedge Funds Weigh In On CSW Industrials

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. acquired a new position in CSW Industrials in the 4th quarter valued at about $515,553,000. Capital World Investors acquired a new stake in CSW Industrials during the 4th quarter worth approximately $308,934,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of CSW Industrials in the 4th quarter valued at approximately $237,891,000. Morgan Stanley purchased a new position in shares of CSW Industrials in the 4th quarter valued at approximately $196,549,000. Finally, Wasatch Advisors LP purchased a new position in shares of CSW Industrials in the 4th quarter valued at approximately $195,630,000. Hedge funds and other institutional investors own 82.79% of the company’s stock.

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.