CSW Industrials (NYSE:CSW) Upgraded to “Overweight” at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of CSW Industrials (NYSE:CSW) from a neutral rating to an overweight rating in a report issued on Wednesday, Marketbeat Ratings reports. They currently have $350.00 price target on the basic materials company’s stock, up from their previous price target of $300.00.

Several other analysts also recently commented on the stock. Citigroup dropped their target price on shares of CSW Industrials from $261.00 to $259.00 and set a “neutral” rating on the stock in a report on Monday, November 3rd. Truist Financial raised their price objective on shares of CSW Industrials from $273.00 to $276.00 and gave the stock a “hold” rating in a report on Wednesday, October 8th. Jefferies Financial Group set a $350.00 price objective on shares of CSW Industrials in a research report on Wednesday. Weiss Ratings reiterated a “hold (c)” rating on shares of CSW Industrials in a report on Monday. Finally, Zacks Research downgraded CSW Industrials from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $320.00.

CSW Industrials Stock Performance

CSW stock opened at $301.90 on Wednesday. The business’s 50-day moving average price is $249.38 and its two-hundred day moving average price is $271.83. The company has a current ratio of 2.76, a quick ratio of 1.32 and a debt-to-equity ratio of 0.05. The firm has a market cap of $5.04 billion, a PE ratio of 35.43 and a beta of 0.83. CSW Industrials has a 1-year low of $230.45 and a 1-year high of $423.88.

CSW Industrials (NYSE:CSW) last announced its quarterly earnings results on Thursday, October 30th. The basic materials company reported $2.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.73 by $0.23. CSW Industrials had a return on equity of 14.74% and a net margin of 14.88%. As a group, research analysts forecast that CSW Industrials will post 8.49 earnings per share for the current year.

CSW Industrials Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, October 31st were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Friday, October 31st. CSW Industrials’s dividend payout ratio is currently 12.68%.

Insider Buying and Selling

In other CSW Industrials news, EVP James E. Perry sold 580 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $275.00, for a total value of $159,500.00. Following the completion of the transaction, the executive vice president directly owned 25,349 shares in the company, valued at $6,970,975. This trade represents a 2.24% 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, SVP Jeff Underwood sold 370 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $278.96, for a total value of $103,215.20. Following the transaction, the senior vice president directly owned 5,853 shares in the company, valued at $1,632,752.88. This trade represents a 5.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 4,230 shares of company stock worth $1,089,141 over the last 90 days. 1.30% of the stock is currently owned by insiders.

Institutional Trading of CSW Industrials

A number of large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in shares of CSW Industrials by 7.7% during the 1st quarter. Royal Bank of Canada now owns 53,371 shares of the basic materials company’s stock worth $15,558,000 after purchasing an additional 3,835 shares during the last quarter. Intech Investment Management LLC grew its holdings in CSW Industrials by 22.9% during the first quarter. Intech Investment Management LLC now owns 9,537 shares of the basic materials company’s stock worth $2,780,000 after purchasing an additional 1,774 shares during the period. Voya Investment Management LLC grew its holdings in CSW Industrials by 37.1% during the first quarter. Voya Investment Management LLC now owns 11,662 shares of the basic materials company’s stock worth $3,400,000 after purchasing an additional 3,157 shares during the period. Strs Ohio acquired a new position in CSW Industrials during the first quarter worth approximately $1,312,000. Finally, Fred Alger Management LLC raised its stake in CSW Industrials by 5.3% in the first quarter. Fred Alger Management LLC now owns 59,857 shares of the basic materials company’s stock valued at $17,450,000 after buying an additional 3,006 shares during the period. Institutional investors and hedge funds own 82.79% of the company’s stock.

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.