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

Shares of CSW Industrials, Inc. (NYSE:CSW) have received an average recommendation of “Hold” from the nine research firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have issued a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $328.4286.

A number of equities research analysts recently commented on CSW shares. The Goldman Sachs Group upped their price target on shares of CSW Industrials from $302.00 to $333.00 and gave the company a “neutral” rating in a report on Tuesday, January 13th. Zacks Research lowered shares of CSW Industrials from a “hold” rating to a “strong sell” rating in a report on Friday, February 6th. 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. Wells Fargo & Company lowered their price target on shares of CSW Industrials from $300.00 to $280.00 and set an “equal weight” rating for the company in a report on Monday, February 2nd. Finally, Truist Financial upped their price target on shares of CSW Industrials from $292.00 to $301.00 and gave the company a “hold” rating in a report on Monday, April 20th.

Insider Activity

In related news, SVP Luke Alverson sold 1,007 shares of the company’s stock in a transaction 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 sale, the senior vice president directly owned 12,450 shares in the company, valued at $3,605,146.50. This represents a 7.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Joseph B. Armes sold 1,500 shares of the business’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $286.77, for a total transaction of $430,155.00. Following the transaction, the chief executive officer directly owned 84,494 shares in the company, valued at approximately $24,230,344.38. The trade was a 1.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 4,180 shares of company stock valued at $1,197,578. 1.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Whittier Trust Co. raised its holdings in CSW Industrials by 24.8% in the 1st quarter. Whittier Trust Co. now owns 252 shares of the basic materials company’s stock worth $67,000 after purchasing an additional 50 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in CSW Industrials by 8.1% in the 4th quarter. Sanctuary Advisors LLC now owns 984 shares of the basic materials company’s stock worth $289,000 after purchasing an additional 74 shares in the last quarter. Arax Advisory Partners bought a new position in CSW Industrials in the 4th quarter worth $28,000. Danske Bank A S bought a new position in CSW Industrials in the 4th quarter worth $29,000. Finally, Valley Wealth Managers Inc. bought a new position in CSW Industrials in the 1st quarter worth $26,000. 82.79% of the stock is currently owned by institutional investors.

CSW Industrials Trading Up 1.1%

Shares of CSW opened at $274.47 on Tuesday. The firm has a market cap of $4.52 billion, a price-to-earnings ratio of 36.40 and a beta of 0.88. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.97 and a current ratio of 2.36. CSW Industrials has a fifty-two week low of $230.45 and a fifty-two week high of $338.90. The firm has a 50 day moving average price of $275.73 and a 200-day moving average price of $283.91.

CSW Industrials Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, April 24th were issued a dividend of $0.30 per share. The ex-dividend date was Friday, April 24th. This represents a $1.20 dividend on an annualized basis and a yield of 0.4%. This is an increase from CSW Industrials’s previous quarterly dividend of $0.27. CSW Industrials’s dividend payout ratio (DPR) is currently 15.92%.

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.