CSW Industrials, Inc. (NYSE:CSW) Receives $328.57 Consensus Target Price from Analysts

Shares of CSW Industrials, Inc. (NYSE:CSW) have earned an average rating of “Moderate Buy” from the nine ratings firms that are covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation, one has given a buy recommendation and three have given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $328.5714.

Several brokerages have recently commented on CSW. Zacks Research raised CSW Industrials from a “hold” rating to a “strong-buy” rating in a research report on Monday. Citigroup reduced their price objective on CSW Industrials from $307.00 to $304.00 and set a “neutral” rating for the company in a research report on Wednesday, May 27th. Truist Financial reduced their price target on CSW Industrials from $301.00 to $300.00 and set a “hold” rating for the company in a research report on Wednesday, May 27th. Wells Fargo & Company boosted their price target on CSW Industrials from $280.00 to $285.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 27th. Finally, Robert W. Baird began coverage on CSW Industrials in a research note on Tuesday, February 17th. They issued an “outperform” rating and a $378.00 price objective on the stock.

Insider Transactions at CSW Industrials

In related news, CEO Joseph B. Armes sold 1,500 shares of the business’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $286.77, for a total transaction of $430,155.00. Following the transaction, the chief executive officer directly owned 84,494 shares in the company, valued at $24,230,344.38. The trade was a 1.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Luke Alverson sold 1,007 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $289.57, for a total value of $291,596.99. Following the completion of the sale, the senior vice president owned 12,450 shares in the company, valued at approximately $3,605,146.50. This represents a 7.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 5,180 shares of company stock valued at $1,465,478. 1.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Valley Wealth Managers Inc. acquired a new position in CSW Industrials during the 1st quarter worth $26,000. Arax Advisory Partners bought a new stake in shares of CSW Industrials in the 4th quarter valued at $28,000. Danske Bank A S bought a new stake in shares of CSW Industrials in the 4th quarter valued at $29,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of CSW Industrials in the 4th quarter valued at $31,000. Finally, Global Retirement Partners LLC bought a new stake in shares of CSW Industrials in the 4th quarter valued at $31,000. 82.79% of the stock is owned by institutional investors and hedge funds.

CSW Industrials Stock Performance

Shares of NYSE CSW opened at $266.11 on Friday. The company has a quick ratio of 1.23, a current ratio of 2.60 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $4.34 billion, a price-to-earnings ratio of 39.84 and a beta of 0.84. The stock’s fifty day simple moving average is $277.00 and its 200 day simple moving average is $287.75. CSW Industrials has a 52-week low of $230.45 and a 52-week high of $337.02.

CSW Industrials (NYSE:CSW) last issued its earnings results on Tuesday, May 26th. The basic materials company reported $3.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.34 by $0.80. The business had revenue of $308.96 million for the quarter. CSW Industrials had a return on equity of 15.91% and a net margin of 10.35%.The business’s revenue for the quarter was up 34.0% on a year-over-year basis. As a group, sell-side analysts forecast that CSW Industrials will post 12.52 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 8th. Investors of record on Friday, April 24th were paid a dividend of $0.30 per share. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a yield of 0.5%. The ex-dividend date was Friday, April 24th. CSW Industrials’s dividend payout ratio is presently 17.96%.

About CSW Industrials

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.