CSW Industrials (NYSE:CSW) Upgraded at Zacks Research

Zacks Research upgraded shares of CSW Industrials (NYSE:CSW) from a hold rating to a strong-buy rating in a research report released on Tuesday,Zacks.com reports.

Several other research firms also recently weighed in on CSW. Wells Fargo & Company reduced their target price on shares of CSW Industrials from $305.00 to $285.00 and set an “equal weight” rating for the company in a research note on Friday, August 1st. Citigroup lifted their target price on shares of CSW Industrials from $313.00 to $321.00 and gave the stock a “neutral” rating in a research note on Friday, May 23rd. Finally, Truist Financial set a $273.00 target price on shares of CSW Industrials and gave the stock a “hold” rating in a research note on Tuesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $319.75.

CSW Industrials Stock Performance

NYSE CSW opened at $266.30 on Tuesday. CSW Industrials has a 52-week low of $241.99 and a 52-week high of $436.50. The company has a 50-day simple moving average of $279.07 and a 200 day simple moving average of $294.43. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.48 and a current ratio of 2.86. The company has a market capitalization of $4.47 billion, a PE ratio of 31.82 and a beta of 0.91.

CSW Industrials (NYSE:CSW) last posted its quarterly earnings data on Thursday, July 31st. The basic materials company reported $2.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.62 by $0.23. CSW Industrials had a net margin of 15.18% and a return on equity of 13.78%. The business had revenue of $263.65 million during the quarter, compared to the consensus estimate of $278.27 million. On average, research analysts predict that CSW Industrials will post 8.49 EPS for the current year.

CSW Industrials Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Friday, July 25th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.4%. CSW Industrials’s dividend payout ratio (DPR) is currently 12.90%.

Insider Activity

In other news, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $294.92, for a total value of $294,920.00. Following the completion of the transaction, the chief executive officer directly owned 63,522 shares in the company, valued at approximately $18,733,908.24. This trade represents a 1.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert M. Swartz sold 200 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $250.37, for a total transaction of $50,074.00. Following the completion of the transaction, the director owned 12,319 shares of the company’s stock, valued at $3,084,308.03. This trade represents a 1.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,412 shares of company stock valued at $1,247,397 over the last ninety days. 1.30% of the stock is owned by insiders.

Institutional Investors Weigh In On CSW Industrials

Hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its position in CSW Industrials by 117.6% during the first quarter. GAMMA Investing LLC now owns 296 shares of the basic materials company’s stock valued at $86,000 after purchasing an additional 160 shares during the last quarter. KBC Group NV lifted its position in CSW Industrials by 19.0% during the first quarter. KBC Group NV now owns 840 shares of the basic materials company’s stock valued at $245,000 after purchasing an additional 134 shares during the last quarter. Fifth Third Bancorp lifted its position in CSW Industrials by 9.3% during the first quarter. Fifth Third Bancorp now owns 401 shares of the basic materials company’s stock valued at $117,000 after purchasing an additional 34 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in CSW Industrials by 13.8% during the first quarter. Envestnet Asset Management Inc. now owns 60,449 shares of the basic materials company’s stock valued at $17,622,000 after purchasing an additional 7,348 shares during the last quarter. Finally, HighTower Advisors LLC lifted its position in CSW Industrials by 12.6% during the first quarter. HighTower Advisors LLC now owns 4,276 shares of the basic materials company’s stock valued at $1,246,000 after purchasing an additional 480 shares during the last quarter. 82.79% of the stock is currently owned by institutional investors.

CSW Industrials Company Profile

CSW Industrials, Inc operates as a diversified industrial company in the United States and internationally. It operates through three segments: Contractor Solutions, Engineered Building Solutions, and Specialized Reliability Solutions. The Contractor Solutions segment provides condensate pads, pans, pumps, switches, and traps; cements, diffusers, grilles, registers, solvents, thread sealants, and vents; line set covers; refrigerant caps; wire pulling head tools; electrical protection, chemical maintenance, and installation supplies for HVAC; ductless mini-split systems installation support tools and accessories; and drain waste and vent system products for use in HVAC/R, plumbing, general industrial, architecturally specified building products.