CSW Industrials (NYSE:CSW) Given New $292.00 Price Target at Truist Financial

CSW Industrials (NYSE:CSW) had its price objective increased by Truist Financial from $271.00 to $292.00 in a report issued on Monday morning, Marketbeat Ratings reports. They currently have a hold rating on the basic materials company’s stock.

A number of other research analysts have also weighed in on CSW. Weiss Ratings reissued a “hold (c+)” rating on shares of CSW Industrials in a report on Monday, December 29th. Wells Fargo & Company dropped their price objective on shares of CSW Industrials from $300.00 to $280.00 and set an “equal weight” rating for the company in a research note on Monday. CJS Securities upgraded shares of CSW Industrials to a “strong-buy” rating in a report on Thursday, December 11th. Citigroup lowered their price target on shares of CSW Industrials from $333.00 to $307.00 and set a “neutral” rating for the company in a report on Friday. Finally, The Goldman Sachs Group boosted their price objective on CSW Industrials from $302.00 to $333.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $318.67.

CSW Industrials Trading Down 3.5%

Shares of CSW stock opened at $260.58 on Monday. The company has a current ratio of 2.36, a quick ratio of 0.97 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $4.29 billion, a price-to-earnings ratio of 34.56 and a beta of 0.83. CSW Industrials has a 12-month low of $230.45 and a 12-month high of $338.90. The stock’s 50-day moving average price is $304.66 and its 200-day moving average price is $272.75.

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 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 for the quarter, compared to the consensus estimate of $249.36 million. Equities research analysts predict that CSW Industrials will post 8.49 EPS for the current fiscal year.

CSW Industrials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, January 30th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, January 30th. This represents a $1.08 annualized dividend and a yield of 0.4%. CSW Industrials’s dividend payout ratio (DPR) is presently 14.32%.

Insider Activity

In related news, EVP James E. Perry sold 580 shares of the business’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $275.00, for a total transaction of $159,500.00. Following the completion of the transaction, the executive vice president owned 25,349 shares in the company, valued at $6,970,975. The trade was a 2.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 owned 5,853 shares in the company, valued at approximately $1,632,752.88. The trade was a 5.95% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 8,366 shares of company stock valued at $2,481,813. 1.30% of the stock is currently owned by corporate insiders.

Institutional Trading of CSW Industrials

A number of large investors have recently made changes to their positions in the stock. AQR Capital Management LLC increased its stake in CSW Industrials by 12.4% in the 1st quarter. AQR Capital Management LLC now owns 5,675 shares of the basic materials company’s stock worth $1,654,000 after buying an additional 624 shares during the period. Integrated Wealth Concepts LLC grew its stake in CSW Industrials by 20.0% in the 1st quarter. Integrated Wealth Concepts LLC now owns 970 shares of the basic materials company’s stock worth $283,000 after acquiring an additional 162 shares in the last quarter. GAMMA Investing LLC bought a new position in CSW Industrials in the 4th quarter worth about $50,000. Anderson Hoagland & Co. purchased a new position in shares of CSW Industrials during the fourth quarter worth approximately $365,000. Finally, Park Avenue Securities LLC bought a new stake in shares of CSW Industrials during the fourth quarter valued at approximately $746,000. 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.