CSW Industrials (NYSE:CSW) Upgraded at Robert W. Baird

Robert W. Baird upgraded shares of CSW Industrials (NYSE:CSW) to a strong-buy rating in a research report released on Tuesday morning,Zacks.com reports.

A number of other brokerages also recently issued reports on CSW. CJS Securities raised CSW Industrials to a “strong-buy” rating in a report on Thursday, December 11th. Weiss Ratings reissued a “hold (c+)” rating on shares of CSW Industrials in a research report on Monday, December 29th. Jefferies Financial Group set a $350.00 price objective on CSW Industrials in a report on Wednesday, December 3rd. Truist Financial boosted their target price on CSW Industrials from $271.00 to $292.00 and gave the company a “hold” rating in a report on Monday, February 2nd. Finally, The Goldman Sachs Group raised their price target on CSW Industrials from $302.00 to $333.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 13th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, CSW Industrials has an average rating of “Hold” and an average price target of $327.14.

CSW Industrials Stock Up 2.4%

Shares of CSW Industrials stock opened at $311.16 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 2.36 and a debt-to-equity ratio of 0.72. CSW Industrials has a 52-week low of $230.45 and a 52-week high of $338.90. The company has a market capitalization of $5.12 billion, a P/E ratio of 41.27 and a beta of 0.83. The company has a 50 day moving average of $306.94 and a 200 day moving average of $274.76.

CSW Industrials (NYSE:CSW) last announced its quarterly earnings data on Thursday, January 29th. The basic materials company reported $1.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.51). CSW Industrials had a net margin of 12.64% and a return on equity of 14.55%. The firm had revenue of $232.99 million during the quarter, compared to analyst estimates of $249.36 million. As a group, research analysts forecast that CSW Industrials will post 8.49 EPS for the current fiscal year.

CSW Industrials Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 30th were given a $0.27 dividend. The ex-dividend date was Friday, January 30th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.3%. CSW Industrials’s dividend payout ratio (DPR) is currently 14.32%.

Insider Buying and Selling at CSW Industrials

In related news, SVP Jeff Underwood sold 370 shares of the stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $278.96, for a total value of $103,215.20. Following the sale, the senior vice president directly owned 5,853 shares of the company’s stock, valued at approximately $1,632,752.88. This represents a 5.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $328.64, for a total transaction of $328,640.00. Following the transaction, the chief executive officer directly owned 62,526 shares in the company, valued at $20,548,544.64. The trade was a 1.57% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 7,866 shares of company stock worth $2,389,823. Insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Sanctuary Advisors LLC lifted its stake in CSW Industrials by 8.1% during the fourth quarter. Sanctuary Advisors LLC now owns 984 shares of the basic materials company’s stock worth $289,000 after purchasing an additional 74 shares during the last quarter. Arax Advisory Partners bought a new stake in CSW Industrials during the 4th quarter valued at $28,000. Danske Bank A S acquired a new stake in CSW Industrials in the fourth quarter worth about $29,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of CSW Industrials in the fourth quarter valued at approximately $31,000. Finally, Global Retirement Partners LLC acquired a new position in shares of CSW Industrials during the 4th quarter valued at $31,000. 82.79% of the stock is owned by institutional investors and hedge funds.

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.