CSW Industrials, Inc. (NYSE:CSW) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of CSW Industrials, Inc. (NYSE:CSW) have received a consensus recommendation of “Moderate Buy” from the nine research firms that are covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $328.5714.

CSW has been the subject of a number of research reports. Wells Fargo & Company increased their price target on shares of CSW Industrials from $280.00 to $285.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 27th. Truist Financial decreased their price target on shares of CSW Industrials from $301.00 to $300.00 and set a “hold” rating for the company in a research note on Wednesday, May 27th. Weiss Ratings raised shares of CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Citigroup cut their price objective on shares of CSW Industrials from $307.00 to $304.00 and set a “neutral” rating on the stock in a report on Wednesday, May 27th. Finally, Zacks Research upgraded shares of CSW Industrials from a “hold” rating to a “strong-buy” rating in a report on Monday, June 8th.

Insiders Place Their Bets

In other CSW Industrials news, SVP Luke Alverson sold 1,007 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $289.57, for a total value of $291,596.99. Following 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Joseph B. Armes sold 1,500 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $279.52, for a total transaction of $419,280.00. Following the completion of the sale, the chief executive officer owned 69,100 shares in the company, valued at approximately $19,314,832. This trade represents a 2.12% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 6,680 shares of company stock worth $1,884,758. 1.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CSW Industrials

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC grew its holdings in shares of CSW Industrials by 12.4% during the first quarter. AQR Capital Management LLC now owns 5,675 shares of the basic materials company’s stock valued at $1,654,000 after buying an additional 624 shares during the last quarter. Integrated Wealth Concepts LLC grew its holdings in shares of CSW Industrials by 20.0% during the first quarter. Integrated Wealth Concepts LLC now owns 970 shares of the basic materials company’s stock valued at $283,000 after buying an additional 162 shares during the last quarter. GAMMA Investing LLC purchased a new stake in shares of CSW Industrials during the fourth quarter valued at approximately $50,000. Anderson Hoagland & Co. purchased a new stake in shares of CSW Industrials during the fourth quarter valued at approximately $365,000. Finally, Park Avenue Securities LLC purchased a new stake in shares of CSW Industrials during the fourth quarter valued at approximately $746,000. Hedge funds and other institutional investors own 82.79% of the company’s stock.

CSW Industrials Stock Performance

Shares of NYSE:CSW opened at $278.53 on Wednesday. The company has a market cap of $4.55 billion, a price-to-earnings ratio of 41.70 and a beta of 0.84. The company has a 50-day moving average price of $276.60 and a 200-day moving average price of $287.05. The company has a current ratio of 2.60, a quick ratio of 1.23 and a debt-to-equity ratio of 0.80. CSW Industrials has a 12 month low of $230.45 and a 12 month high of $337.02.

CSW Industrials (NYSE:CSW) last released its quarterly 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. CSW Industrials had a net margin of 10.35% and a return on equity of 15.91%. The company had revenue of $308.96 million during the quarter. CSW Industrials’s quarterly revenue was up 34.0% compared to the same quarter last year. As a group, equities analysts anticipate that CSW Industrials will post 12.52 EPS for the current year.

CSW Industrials Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, April 24th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.4%. This is a boost from CSW Industrials’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, April 24th. CSW Industrials’s dividend payout ratio is currently 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.