CSW Industrials, Inc. (NYSE:CSW) Receives $302.40 Average Price Target from Brokerages

Shares of CSW Industrials, Inc. (NYSE:CSW) have earned a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $302.40.

A number of research analysts have commented on CSW shares. Truist Financial upped their price target on CSW Industrials from $273.00 to $276.00 and gave the company a “hold” rating in a research report on Wednesday, October 8th. Wells Fargo & Company lowered their price target on CSW Industrials from $305.00 to $285.00 and set an “equal weight” rating for the company in a research report on Friday, August 1st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CSW Industrials in a research report on Tuesday, October 14th. Zacks Research lowered CSW Industrials from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. lowered their price target on CSW Industrials from $320.00 to $290.00 and set a “neutral” rating for the company in a research report on Friday, October 3rd.

CSW Industrials Trading Down 1.1%

NYSE CSW opened at $242.28 on Friday. CSW Industrials has a 1-year low of $230.45 and a 1-year high of $436.50. The company has a current ratio of 2.86, a quick ratio of 1.48 and a debt-to-equity ratio of 0.09. The stock has a 50-day moving average of $252.14 and a 200-day moving average of $282.19. The firm has a market cap of $4.07 billion, a PE ratio of 28.95 and a beta of 0.92.

CSW Industrials (NYSE:CSW) last released its quarterly earnings results on Thursday, July 31st. The basic materials company reported $2.85 EPS for the quarter, beating analysts’ consensus estimates of $2.62 by $0.23. The business had revenue of $263.65 million during the quarter, compared to analyst estimates of $278.27 million. CSW Industrials had a return on equity of 13.78% and a net margin of 15.18%. As a group, sell-side analysts forecast that CSW Industrials will post 8.49 EPS for the current year.

CSW Industrials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a $1.08 dividend on an annualized basis and a yield of 0.4%. CSW Industrials’s dividend payout ratio is presently 12.90%.

Insider Transactions at CSW Industrials

In other news, EVP James E. Perry sold 145 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $275.05, for a total value of $39,882.25. Following the completion of the transaction, the executive vice president owned 25,178 shares of the company’s stock, valued at approximately $6,925,208.90. This represents a 0.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Don Sullivan sold 1,067 shares of the stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $283.14, for a total value of $302,110.38. Following the completion of the transaction, the executive vice president directly owned 22,641 shares of the company’s stock, valued at $6,410,572.74. This represents a 4.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 3,412 shares of company stock worth $901,427 over the last 90 days. 1.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Matrix Trust Co raised its position in shares of CSW Industrials by 91.1% in the 2nd quarter. Matrix Trust Co now owns 86 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 41 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of CSW Industrials by 517.6% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 105 shares of the basic materials company’s stock worth $31,000 after buying an additional 88 shares during the last quarter. Whittier Trust Co. purchased a new stake in shares of CSW Industrials in the 1st quarter worth approximately $59,000. Harbor Investment Advisory LLC grew its stake in shares of CSW Industrials by 27.3% in the 2nd quarter. Harbor Investment Advisory LLC now owns 275 shares of the basic materials company’s stock worth $79,000 after buying an additional 59 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of CSW Industrials by 117.6% in the 1st quarter. GAMMA Investing LLC now owns 296 shares of the basic materials company’s stock worth $86,000 after buying an additional 160 shares during the last quarter. Institutional investors own 82.79% of the company’s stock.

About CSW Industrials

CSW Industrials, Inc operates as a diversified industrial company in the United States and internationally. It operates through three segments: Contractor Solutions, Engineered Building Solutions, and Specialized Reliability Solutions. The Contractor Solutions segment provides condensate pads, pans, pumps, switches, and traps; cements, diffusers, grilles, registers, solvents, thread sealants, and vents; line set covers; refrigerant caps; wire pulling head tools; electrical protection, chemical maintenance, and installation supplies for HVAC; ductless mini-split systems installation support tools and accessories; and drain waste and vent system products for use in HVAC/R, plumbing, general industrial, architecturally specified building products.