CSW Industrials (NYSE:CSW) Share Price Passes Below 200-Day Moving Average – Here’s Why

Shares of CSW Industrials, Inc. (NYSE:CSW) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $276.80 and traded as low as $255.29. CSW Industrials shares last traded at $256.7330, with a volume of 111,827 shares.

Wall Street Analysts Forecast Growth

CSW has been the topic of a number of research analyst reports. CJS Securities upgraded shares of CSW Industrials to a “strong-buy” rating in a research note on Thursday, December 11th. Truist Financial lifted their price target on CSW Industrials from $271.00 to $292.00 and gave the company a “hold” rating in a research report on Monday, February 2nd. Wells Fargo & Company dropped their price objective on CSW Industrials from $300.00 to $280.00 and set an “equal weight” rating on the stock in a research note on Monday, February 2nd. JPMorgan Chase & Co. upgraded CSW Industrials from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $300.00 to $350.00 in a report on Wednesday, December 3rd. Finally, The Goldman Sachs Group raised their target price on CSW Industrials from $302.00 to $333.00 and gave the company a “neutral” rating in a research note on Tuesday, January 13th. Two equities research 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 assigned a Sell rating to the stock. According to MarketBeat.com, CSW Industrials presently has a consensus rating of “Hold” and an average target price of $327.14.

CSW Industrials Stock Down 0.4%

The business has a fifty day moving average price of $298.99 and a two-hundred day moving average price of $276.86. 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 company has a market cap of $4.23 billion, a price-to-earnings ratio of 34.05 and a beta of 0.81.

CSW Industrials (NYSE:CSW) last released its 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 analysts’ expectations of $249.36 million. On average, equities analysts predict that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Announces Dividend

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

Insider Buying and Selling

In other news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $328.64, for a total value of $328,640.00. Following the completion of the sale, the chief executive officer directly owned 62,526 shares of the company’s stock, valued at approximately $20,548,544.64. This represents a 1.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Luke Alverson sold 500 shares of the firm’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $316.02, for a total transaction of $158,010.00. Following the completion of the sale, the senior vice president owned 12,450 shares in the company, valued at approximately $3,934,449. The trade was a 3.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 2,500 shares of company stock valued at $804,050. Corporate insiders own 1.30% of the company’s stock.

Institutional Trading of CSW Industrials

Several hedge funds and other institutional investors have recently bought and sold shares of CSW. Montanaro Asset Management Ltd acquired a new position in shares of CSW Industrials during the fourth quarter valued at about $13,561,000. Corient Private Wealth LLC bought a new stake in shares of CSW Industrials in the fourth quarter valued at about $2,617,000. Pure Financial Advisors LLC acquired a new position in CSW Industrials in the 4th quarter valued at approximately $515,000. Anchor Investment Management LLC bought a new stake in shares of CSW Industrials in the 4th quarter worth approximately $333,000. Finally, Sit Investment Associates Inc. bought a new stake in shares of CSW Industrials in the 4th quarter worth approximately $1,986,000. 82.79% of the stock is currently 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.