CSW Industrials, Inc. (NYSE:CSW) Given Average Rating of “Moderate Buy” by Brokerages

CSW Industrials, Inc. (NYSE:CSW) has been given an average rating of “Moderate Buy” by the nine research firms that are presently covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $328.5714.

A number of research analysts recently weighed in on CSW shares. Wells Fargo & Company lifted their price objective on shares of CSW Industrials from $280.00 to $285.00 and gave the company an “equal weight” rating in a report on Wednesday, May 27th. Zacks Research upgraded shares of CSW Industrials from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. Citigroup lowered their price target on shares of CSW Industrials from $307.00 to $304.00 and set a “neutral” rating for the company in a report on Wednesday, May 27th. Weiss Ratings upgraded shares of CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Finally, Robert W. Baird started coverage on shares of CSW Industrials in a report on Tuesday, February 17th. They set an “outperform” rating and a $378.00 price target for the company.

CSW Industrials Trading Down 1.3%

Shares of CSW stock opened at $266.13 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.23 and a current ratio of 2.60. The stock has a market capitalization of $4.34 billion, a P/E ratio of 39.84 and a beta of 0.84. The company has a 50 day moving average price of $276.41 and a 200 day moving average price of $286.83. CSW Industrials has a fifty-two week low of $230.45 and a fifty-two week high of $337.02.

CSW Industrials (NYSE:CSW) last announced its quarterly earnings data on Tuesday, May 26th. The basic materials company reported $3.14 earnings per share for the quarter, beating analysts’ consensus estimates of $2.34 by $0.80. The firm had revenue of $308.96 million during the quarter. CSW Industrials had a net margin of 10.35% and a return on equity of 15.91%. The business’s quarterly revenue was up 34.0% compared to the same quarter last year. Equities research analysts predict that CSW Industrials will post 12.52 EPS for the current fiscal year.

CSW Industrials Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, April 24th were issued 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 was Friday, April 24th. This represents a $1.20 annualized dividend and a yield of 0.5%. CSW Industrials’s dividend payout ratio (DPR) is presently 17.96%.

Insider Activity

In other CSW Industrials news, SVP Luke Alverson sold 1,007 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $289.57, for a total transaction of $291,596.99. Following the completion of the transaction, the senior vice president owned 12,450 shares in the company, valued at $3,605,146.50. The trade was a 7.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Don Sullivan sold 166 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $300.26, for a total transaction of $49,843.16. Following the transaction, the executive vice president owned 21,567 shares of the company’s stock, valued at $6,475,707.42. This trade represents a 0.76% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 5,180 shares of company stock worth $1,465,478. Insiders own 1.30% of the company’s stock.

Institutional Trading of CSW Industrials

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. purchased a new stake in shares of CSW Industrials during the 4th quarter worth approximately $515,553,000. Capital World Investors purchased a new stake in shares of CSW Industrials during the 4th quarter worth approximately $308,934,000. Wasatch Advisors LP lifted its position in shares of CSW Industrials by 31.1% during the 1st quarter. Wasatch Advisors LP now owns 873,659 shares of the basic materials company’s stock worth $227,658,000 after buying an additional 207,186 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of CSW Industrials during the 4th quarter worth approximately $237,891,000. Finally, Morgan Stanley purchased a new stake in shares of CSW Industrials during the 4th quarter worth approximately $196,549,000. Hedge funds and other institutional investors own 82.79% of the company’s stock.

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.