CSW Industrials, Inc. (NYSE:CSW) Receives $327.14 Consensus Price Target from Analysts

CSW Industrials, Inc. (NYSE:CSW) has received an average recommendation of “Hold” from the nine ratings firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation, one has issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $327.1429.

CSW has been the subject of a number of analyst reports. The Goldman Sachs Group lifted their target price on shares of CSW Industrials from $302.00 to $333.00 and gave the company a “neutral” rating in a research note on Tuesday, January 13th. Wells Fargo & Company cut their price target on shares of CSW Industrials from $300.00 to $280.00 and set an “equal weight” rating on the stock in a report on Monday, February 2nd. Zacks Research lowered shares of CSW Industrials from a “hold” rating to a “strong sell” rating in a research note on Friday, February 6th. Truist Financial upped their price objective on shares of CSW Industrials from $271.00 to $292.00 and gave the stock a “hold” rating in a report on Monday, February 2nd. Finally, Citigroup lowered their target price on shares of CSW Industrials from $333.00 to $307.00 and set a “neutral” rating on the stock in a research report on Friday, January 30th.

CSW Industrials Stock Performance

Shares of CSW stock opened at $291.02 on Friday. CSW Industrials has a fifty-two week low of $230.45 and a fifty-two week high of $338.90. The stock’s 50-day moving average is $280.97 and its two-hundred day moving average is $279.52. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.36 and a quick ratio of 0.97. The firm has a market cap of $4.79 billion, a P/E ratio of 38.60 and a beta of 0.84.

CSW Industrials (NYSE:CSW) last announced its quarterly earnings results on Thursday, January 29th. The basic materials company reported $1.42 EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $249.36 million. Analysts predict that CSW Industrials will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Friday, April 24th will be paid a dividend of $0.30 per share. This is a boost from CSW Industrials’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, April 24th. This represents a $1.20 annualized dividend and a dividend yield of 0.4%. CSW Industrials’s dividend payout ratio is currently 15.92%.

Insider Buying and Selling

In other news, Director Darron K. Ash purchased 300 shares of the company’s stock in a transaction dated Friday, March 13th. The shares were bought at an average price of $256.62 per share, with a total value of $76,986.00. Following the completion of the transaction, the director directly owned 1,155 shares in the company, valued at $296,396.10. This trade represents a 35.09% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Luke Alverson sold 1,007 shares of the business’s stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $266.11, for a total transaction of $267,972.77. Following the completion of the sale, the senior vice president owned 13,457 shares of the company’s stock, valued at $3,581,042.27. The trade was a 6.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 3,173 shares of company stock worth $905,981. Insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On CSW Industrials

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

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.