CSW Industrials, Inc. (NYSE:CSW) Receives Average Rating of “Hold” from Analysts

CSW Industrials, Inc. (NYSE:CSW) has earned a consensus recommendation of “Hold” from the nine research firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $327.1429.

A number of brokerages have issued reports on CSW. The Goldman Sachs Group increased their price objective on shares of CSW Industrials from $302.00 to $333.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 13th. Weiss Ratings restated a “hold (c+)” rating on shares of CSW Industrials in a research report on Monday, December 29th. CJS Securities raised shares of CSW Industrials to a “strong-buy” rating in a report on Thursday, December 11th. Wells Fargo & Company reduced 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 research report on Monday, February 2nd. Finally, Zacks Research cut shares of CSW Industrials from a “hold” rating to a “strong sell” rating in a research note on Friday, February 6th.

CSW Industrials Stock Performance

NYSE:CSW opened at $263.70 on Monday. The company has a market cap of $4.34 billion, a price-to-earnings ratio of 34.97 and a beta of 0.81. CSW Industrials has a fifty-two week low of $230.45 and a fifty-two week high of $338.90. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.97 and a current ratio of 2.36. The stock has a fifty day moving average price of $287.36 and a 200-day moving average price of $276.59.

CSW Industrials (NYSE:CSW) last issued 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). The company had revenue of $232.99 million during the quarter, compared to the consensus estimate of $249.36 million. CSW Industrials had a return on equity of 14.55% and a net margin of 12.64%. As a group, equities analysts anticipate that CSW Industrials will post 8.49 EPS for the current fiscal 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. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Friday, January 30th. CSW Industrials’s dividend payout ratio (DPR) is currently 14.32%.

Insider Activity

In other news, 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 value of $328,640.00. Following the transaction, the chief executive officer owned 62,526 shares in the company, valued at approximately $20,548,544.64. This trade represents a 1.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Darron K. Ash purchased 300 shares of the stock in a transaction dated Friday, March 13th. The shares were acquired at an average cost of $256.62 per share, with a total value of $76,986.00. Following the acquisition, the director directly owned 1,155 shares in the company, valued at $296,396.10. This represents a 35.09% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Avior Wealth Management LLC acquired a new position in CSW Industrials during the 4th quarter worth approximately $807,000. Congress Asset Management Co. bought a new position in CSW Industrials in the 4th quarter valued at approximately $65,002,000. Riverbridge Partners LLC acquired a new stake in CSW Industrials in the fourth quarter valued at approximately $38,280,000. SG Americas Securities LLC acquired a new stake in CSW Industrials in the fourth quarter valued at approximately $39,915,000. Finally, DAVENPORT & Co LLC bought a new stake in shares of CSW Industrials during the fourth quarter worth $1,545,000. Institutional investors and hedge funds own 82.79% of the company’s stock.

About CSW Industrials

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.