Citigroup Cuts CSW Industrials (NYSE:CSW) Price Target to $307.00

CSW Industrials (NYSE:CSW) had its price objective trimmed by Citigroup from $333.00 to $307.00 in a research report report published on Friday,Benzinga reports. They currently have a neutral rating on the basic materials company’s stock.

A number of other research analysts have also recently issued reports on CSW. JPMorgan Chase & Co. raised CSW Industrials from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $300.00 to $350.00 in a report on Wednesday, December 3rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of CSW Industrials in a research note on Monday, December 29th. Truist Financial raised their price target on CSW Industrials from $273.00 to $276.00 and gave the company a “hold” rating in a report on Wednesday, October 8th. Zacks Research downgraded CSW Industrials from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Finally, The Goldman Sachs Group boosted their price objective on CSW Industrials from $302.00 to $333.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $319.33.

CSW Industrials Stock Down 1.7%

NYSE CSW opened at $269.81 on Friday. 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 stock’s 50 day moving average is $304.68 and its two-hundred day moving average is $272.98. The company has a market capitalization of $4.44 billion, a price-to-earnings ratio of 35.78 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 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). The company had revenue of $232.99 million during the quarter, compared to analyst estimates of $249.36 million. CSW Industrials had a return on equity of 14.55% and a net margin of 12.64%. Equities analysts forecast that CSW Industrials will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Friday, January 30th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, January 30th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.4%. CSW Industrials’s payout ratio is presently 12.68%.

Insider Buying and Selling at CSW Industrials

In other news, EVP Don Sullivan sold 4,136 shares of the firm’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $301.41, for a total value of $1,246,631.76. Following the transaction, the executive vice president owned 18,196 shares of the company’s stock, valued at approximately $5,484,456.36. This trade represents a 18.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $328.64, for a total transaction of $328,640.00. Following the sale, the chief executive officer owned 62,526 shares of the company’s stock, valued at approximately $20,548,544.64. This represents a 1.57% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 8,366 shares of company stock valued at $2,481,813 over the last ninety days. Company insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On CSW Industrials

A number of hedge funds and other institutional investors have recently bought and sold shares of CSW. CWM LLC acquired a new position in shares of CSW Industrials in the 4th quarter valued at $32,000. Salomon & Ludwin LLC acquired a new stake in shares of CSW Industrials during the fourth quarter worth $36,000. GAMMA Investing LLC bought a new stake in CSW Industrials in the fourth quarter valued at about $50,000. Blue Trust Inc. acquired a new position in CSW Industrials in the fourth quarter valued at about $57,000. Finally, Whittier Trust Co. acquired a new position in CSW Industrials in the fourth quarter valued at about $64,000. 82.79% of the stock is owned by institutional investors.

More CSW Industrials News

Here are the key news stories impacting CSW Industrials this week:

• Positive Sentiment: Record top-line and adjusted EBITDA — Total revenue rose 20.3% to a record $233.0M (acquisition-driven) and adjusted EBITDA set a quarterly record at $44.8M, showing underlying operational scale from recent deals. Read More.
• Positive Sentiment: Strategic acquisitions and shareholder returns — Management closed the $650M MARS Parts deal and has deployed ~ $1B of acquisition capital; the company returned $106.2M YTD via buybacks and dividends, supporting longer-term growth and capital allocation signals. Read More.
• Neutral Sentiment: Investors have access to full commentary — The earnings call transcript and investor presentation are available for details on integration plans and margin timing. Useful if you want management commentary on synergy timing. Read More.
• Negative Sentiment: Large EPS miss and revenue shortfall — GAAP EPS fell to $0.62 (down 61.3% YoY) and adjusted EPS was $1.42; both came in below street expectations (consensus ~ $1.9 for the quarter) while revenue of $233.0M missed estimates near $249M. Higher interest expense from acquisition financing materially weighed on earnings. Read More.
• Negative Sentiment: Analyst action trimmed near-term upside — Citigroup cut its price target from $333 to $307 and set a “neutral” rating, removing some analyst support and likely pressuring sentiment. Read More.

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.