CSW Industrials, Inc. (NYSE:CSW) Receives Average Recommendation of “Hold” from Brokerages

Shares of CSW Industrials, Inc. (NYSE:CSW) have received a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, one has issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $327.1429.

Several research analysts have recently issued reports on the company. Jefferies Financial Group set a $350.00 target price on CSW Industrials in a research report on Wednesday, December 3rd. Truist Financial increased their price objective on CSW Industrials from $271.00 to $292.00 and gave the stock a “hold” rating in a report on Monday, February 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of CSW Industrials in a report on Monday, December 29th. The Goldman Sachs Group upped their target price on shares of CSW Industrials from $302.00 to $333.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 13th. Finally, CJS Securities upgraded shares of CSW Industrials to a “strong-buy” rating in a research note on Thursday, December 11th.

CSW Industrials Trading Down 3.0%

NYSE:CSW opened at $294.19 on Thursday. The company has a 50-day moving average price of $306.00 and a 200-day moving average price of $276.25. The stock has a market cap of $4.85 billion, a price-to-earnings ratio of 39.02 and a beta of 0.83. The company has a current ratio of 2.36, a quick ratio of 0.97 and a debt-to-equity ratio of 0.72. CSW Industrials has a 12 month low of $230.45 and a 12 month high of $338.90.

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

CSW Industrials Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 30th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Friday, January 30th. CSW Industrials’s dividend payout ratio (DPR) is presently 14.32%.

Insider Buying and Selling

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

Institutional Investors Weigh In On CSW Industrials

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

CSW Industrials Company Profile

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.