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

Shares of CSW Industrials, Inc. (NYSE:CSW) have earned an average rating of “Hold” from the eight brokerages that are covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $314.8333.

Several equities research analysts recently commented on CSW shares. Jefferies Financial Group set a $350.00 target price on shares of CSW Industrials in a research report on Wednesday, December 3rd. JPMorgan Chase & Co. upgraded shares of CSW Industrials from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $300.00 to $350.00 in a report on Wednesday, December 3rd. CJS Securities raised shares of CSW Industrials to a “strong-buy” rating in a research note on Thursday, December 11th. Wells Fargo & Company raised their target price on CSW Industrials from $265.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Monday, December 15th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of CSW Industrials in a research report on Monday, December 29th.

Insider Activity

In related news, EVP Don Sullivan sold 4,136 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $301.41, for a total transaction of $1,246,631.76. Following the completion of the sale, the executive vice president owned 18,196 shares of the company’s stock, valued at $5,484,456.36. This trade represents a 18.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Joseph B. Armes sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $317.40, for a total value of $317,400.00. Following the completion of the transaction, the chief executive officer directly owned 64,493 shares in the company, valued at approximately $20,470,078.20. This trade represents a 1.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 8,366 shares of company stock worth $2,403,173. 1.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of CSW. Matrix Trust Co grew its stake in CSW Industrials by 91.1% in the second quarter. Matrix Trust Co now owns 86 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 41 shares during the period. GAMMA Investing LLC purchased a new position in CSW Industrials during the fourth quarter valued at $50,000. Harbor Investment Advisory LLC boosted its holdings in shares of CSW Industrials by 27.3% during the 2nd quarter. Harbor Investment Advisory LLC now owns 275 shares of the basic materials company’s stock valued at $79,000 after buying an additional 59 shares in the last quarter. Hilltop National Bank purchased a new stake in shares of CSW Industrials in the 4th quarter worth about $200,000. Finally, Integrated Wealth Concepts LLC increased its stake in shares of 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. Institutional investors and hedge funds own 82.79% of the company’s stock.

CSW Industrials Trading Down 0.4%

NYSE CSW opened at $319.22 on Wednesday. The company has a market cap of $5.33 billion, a price-to-earnings ratio of 37.47 and a beta of 0.82. CSW Industrials has a twelve month low of $230.45 and a twelve month high of $401.02. The company has a quick ratio of 1.32, a current ratio of 2.76 and a debt-to-equity ratio of 0.05. The business’s fifty day moving average is $283.84 and its 200 day moving average is $271.71.

CSW Industrials (NYSE:CSW) last posted its earnings results on Thursday, October 30th. The basic materials company reported $2.96 EPS for the quarter, beating the consensus estimate of $2.73 by $0.23. CSW Industrials had a return on equity of 14.74% and a net margin of 14.88%. As a group, sell-side analysts expect that CSW Industrials will post 8.49 EPS for the current fiscal year.

CSW Industrials Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, October 31st were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Friday, October 31st. CSW Industrials’s dividend payout ratio is currently 12.68%.

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.