CSW Industrials, Inc. (NYSE:CSW) Given Consensus Recommendation of “Hold” by Brokerages

CSW Industrials, Inc. (NYSE:CSW) has been given an average recommendation of “Hold” by the nine brokerages that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, one has assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $327.1429.

Several research analysts recently commented on CSW shares. JPMorgan Chase & Co. raised CSW Industrials from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $300.00 to $350.00 in a research note on Wednesday, December 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CSW Industrials in a research report on Monday, December 29th. Wells Fargo & Company decreased their price objective on CSW Industrials from $300.00 to $280.00 and set an “equal weight” rating for the company in a research note on Monday, February 2nd. CJS Securities raised CSW Industrials to a “strong-buy” rating in a research report on Thursday, December 11th. Finally, Jefferies Financial Group set a $350.00 target price on shares of CSW Industrials in a research note on Wednesday, December 3rd.

CSW Industrials Stock Performance

Shares of CSW stock opened at $259.18 on Monday. The firm has a 50 day moving average of $293.36 and a two-hundred day moving average of $276.47. The stock has a market capitalization of $4.27 billion, a PE ratio of 34.37 and a beta of 0.81. 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.

CSW Industrials (NYSE:CSW) last posted 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). The company had revenue of $232.99 million for the quarter, compared to analysts’ expectations of $249.36 million. CSW Industrials had a return on equity of 14.55% and a net margin of 12.64%. On average, research analysts predict 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. Shareholders of record on Friday, January 30th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.4%. The ex-dividend date was Friday, January 30th. CSW Industrials’s payout ratio is 14.32%.

Insider Buying and Selling at CSW Industrials

In other news, Director Darron K. Ash acquired 300 shares of CSW Industrials stock in a transaction dated Friday, March 13th. The shares were acquired at an average cost of $256.62 per share, for a total transaction of $76,986.00. Following the acquisition, the director owned 1,155 shares of the company’s stock, valued at $296,396.10. This trade represents a 35.09% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction 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 sale, the chief executive officer directly owned 62,526 shares of the company’s stock, valued at approximately $20,548,544.64. This trade represents a 1.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.30% of the company’s stock.

Institutional Trading of CSW Industrials

Institutional investors have recently bought and sold shares of the business. Sanctuary Advisors LLC increased its holdings in shares of CSW Industrials by 8.1% in 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 purchased a new stake in CSW Industrials during the fourth quarter worth approximately $28,000. Danske Bank A S acquired a new position in CSW Industrials in the fourth quarter valued at approximately $29,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in CSW Industrials in the fourth quarter valued at approximately $31,000. Finally, Global Retirement Partners LLC purchased a new position in CSW Industrials in the fourth quarter valued at 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.