CSW Industrials (NYSE:CSW) Stock Gets Price Target Trim from Citigroup

CSW Industrials (NYSE:CSW) had its price objective reduced by Citigroup from $340.00 to $326.00 in a research note published on Tuesday,Benzinga reports. They currently have a neutral rating on the basic materials company’s stock.

A number of other analysts have also recently issued reports on CSW. Truist Financial dropped their price objective on CSW Industrials from $332.00 to $328.00 and set a “hold” rating on the stock in a report on Monday. JPMorgan Chase & Co. lifted their target price on CSW Industrials from $350.00 to $380.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Wells Fargo & Company decreased their price target on CSW Industrials from $320.00 to $290.00 and set an “equal weight” rating on the stock in a research report on Friday, October 30th. Weiss Ratings reissued a “hold (c+)” rating on shares of CSW Industrials in a report on Friday, October 30th. Finally, Wall Street Zen lowered shares of CSW Industrials from a “buy” rating to a “hold” rating in a research report on Sunday, October 18th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $340.71.

CSW Industrials Trading Down 6.3%

Shares of CSW stock opened at $276.67 on Tuesday. The stock has a market capitalization of $4.51 billion, a price-to-earnings ratio of 24.49, a PEG ratio of 1.89 and a beta of 0.80. The company’s fifty day simple moving average is $294.81 and its two-hundred day simple moving average is $290.10. CSW Industrials has a 1 year low of $237.50 and a 1 year high of $355.48. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.35 and a quick ratio of 1.15.

CSW Industrials (NYSE:CSW) last posted its quarterly earnings results on Thursday, October 29th. The basic materials company reported $3.66 EPS for the quarter, missing analysts’ consensus estimates of $3.69 by ($0.03). The company had revenue of $361.44 million during the quarter. CSW Industrials had a return on equity of 18.38% and a net margin of 10.17%. CSW Industrials’s revenue for the quarter was up 30.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.96 earnings per share. As a group, analysts anticipate that CSW Industrials will post 12.50 earnings per share for the current year.

CSW Industrials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $1.20 annualized dividend and a yield of 0.4%. CSW Industrials’s dividend payout ratio (DPR) is currently 15.42%.

Insider Activity

In other CSW Industrials news, EVP Jeff Underwood sold 720 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $346.96, for a total value of $249,811.20. Following the sale, the executive vice president owned 6,409 shares of the company’s stock, valued at $2,223,666.64. This trade represents a 10.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Joseph Armes sold 1,500 shares of CSW Industrials stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $287.04, for a total value of $430,560.00. Following the sale, the chief executive officer owned 64,083 shares of the company’s stock, valued at approximately $18,394,384.32. This trade represents a 2.29% decrease in their position. 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 90 days, insiders have sold 3,720 shares of company stock valued at $1,114,741. 1.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On CSW Industrials

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Fifth Third Bancorp boosted its holdings in shares of CSW Industrials by 0.5% in the 3rd quarter. Fifth Third Bancorp now owns 74,081 shares of the basic materials company’s stock worth $21,341,000 after purchasing an additional 361 shares in the last quarter. King Luther Capital Management Corp increased its position in shares of CSW Industrials by 3.9% during the 3rd quarter. King Luther Capital Management Corp now owns 31,548 shares of the basic materials company’s stock valued at $9,088,000 after purchasing an additional 1,179 shares during the last quarter. Maryland State Retirement & Pension System raised its holdings in shares of CSW Industrials by 51.0% during the 3rd quarter. Maryland State Retirement & Pension System now owns 3,620 shares of the basic materials company’s stock valued at $1,043,000 after buying an additional 1,222 shares in the last quarter. Jacobi Capital Management LLC purchased a new position in shares of CSW Industrials during the 3rd quarter valued at about $43,000. Finally, Van Berkom & Associates Inc. lifted its position in CSW Industrials by 863.6% in the 3rd quarter. Van Berkom & Associates Inc. now owns 82,767 shares of the basic materials company’s stock worth $23,844,000 after buying an additional 74,178 shares during the last quarter. 82.79% of the stock is owned by hedge funds and other institutional investors.

About CSW Industrials

CSW Industrials, Inc (NYSE: CSW) is a diversified industrial company that develops, manufactures and sells products designed for professional trades, commercial and residential construction, and industrial maintenance applications. Its offerings are marketed primarily through established brands and distribution channels serving contractors, building professionals and industrial customers.

The company operates through three principal segments: Contractor Solutions, Engineered Building Solutions and Specialized Reliability Solutions.