CSW Industrials (NYSE:CSW) Price Target Lowered to $290.00 at JPMorgan Chase & Co.

CSW Industrials (NYSE:CSW) had its price target reduced by JPMorgan Chase & Co. from $320.00 to $290.00 in a research report sent to investors on Friday,Benzinga reports. They currently have a neutral rating on the basic materials company’s stock.

A number of other brokerages have also commented on CSW. Wells Fargo & Company decreased their price target on shares of CSW Industrials from $305.00 to $285.00 and set an “equal weight” rating on the stock in a research note on Friday, August 1st. Zacks Research raised CSW Industrials from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 2nd. Finally, Truist Financial set a $273.00 price target on CSW Industrials and gave the stock a “hold” rating in a report on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, CSW Industrials currently has an average rating of “Hold” and a consensus price target of $313.80.

CSW Industrials Stock Down 2.9%

CSW opened at $250.10 on Friday. The stock’s fifty day simple moving average is $259.63 and its 200 day simple moving average is $287.37. CSW Industrials has a 1-year low of $238.49 and a 1-year high of $436.50. The stock has a market cap of $4.20 billion, a PE ratio of 29.88 and a beta of 0.92. The company has a current ratio of 2.86, a quick ratio of 1.48 and a debt-to-equity ratio of 0.09.

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

CSW Industrials Dividend Announcement

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

Insider Buying and Selling

In related news, EVP James E. Perry sold 145 shares of the business’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $275.05, for a total value of $39,882.25. Following the completion of the transaction, the executive vice president owned 25,178 shares of the company’s stock, valued at $6,925,208.90. The trade was a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $294.92, for a total transaction of $294,920.00. Following the sale, the chief executive officer owned 63,522 shares in the company, valued at $18,733,908.24. The trade was a 1.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,412 shares of company stock worth $1,497,397 over the last three months. Company insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CSW. Matrix Trust Co lifted its stake in CSW Industrials by 91.1% during the second quarter. Matrix Trust Co now owns 86 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 41 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of CSW Industrials by 517.6% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 105 shares of the basic materials company’s stock worth $31,000 after buying an additional 88 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of CSW Industrials by 526.3% during the 1st quarter. Versant Capital Management Inc now owns 119 shares of the basic materials company’s stock worth $35,000 after buying an additional 100 shares during the last quarter. Whittier Trust Co. acquired a new stake in CSW Industrials in the first quarter valued at about $59,000. Finally, Harbor Investment Advisory LLC grew its position in CSW Industrials by 27.3% in the second quarter. Harbor Investment Advisory LLC now owns 275 shares of the basic materials company’s stock valued at $79,000 after acquiring an additional 59 shares during the last quarter. 82.79% of the stock is currently owned by institutional investors and hedge funds.

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.