CSW Industrials (NYSE:CSW) Shares Cross Below 50-Day Moving Average – Should You Sell?

CSW Industrials, Inc. (NYSE:CSW) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $246.58 and traded as low as $242.56. CSW Industrials shares last traded at $251.2010, with a volume of 224,661 shares trading hands.

Wall Street Analysts Forecast Growth

CSW has been the topic of several research analyst reports. Wells Fargo & Company dropped their target price on shares of CSW Industrials from $305.00 to $285.00 and set an “equal weight” rating on the stock in a research report on Friday, August 1st. JPMorgan Chase & Co. lifted their price objective on CSW Industrials from $290.00 to $300.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Truist Financial upped their target price on CSW Industrials from $273.00 to $276.00 and gave the company a “hold” rating in a research report on Wednesday, October 8th. Zacks Research downgraded shares of CSW Industrials from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 8th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of CSW Industrials in a research report on Tuesday. Seven investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, CSW Industrials presently has an average rating of “Hold” and an average target price of $304.00.

CSW Industrials Stock Up 1.9%

The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.48 and a current ratio of 2.86. The firm’s 50-day simple moving average is $246.58 and its two-hundred day simple moving average is $277.33. The stock has a market cap of $4.19 billion, a price-to-earnings ratio of 30.01 and a beta of 0.96.

CSW Industrials (NYSE:CSW) last posted its earnings results on Thursday, October 30th. The basic materials company reported $2.96 EPS for the quarter, topping the consensus estimate of $2.73 by $0.23. CSW Industrials had a net margin of 15.18% and a return on equity of 13.78%. On average, sell-side analysts expect that CSW Industrials, Inc. 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 issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Friday, October 31st. CSW Industrials’s dividend payout ratio (DPR) is currently 12.68%.

Insider Buying and Selling

In related news, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $250.00, for a total transaction of $250,000.00. Following the sale, the chief executive officer owned 66,493 shares of the company’s stock, valued at approximately $16,623,250. This trade represents a 1.48% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CSW Industrials

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Champlain Investment Partners LLC acquired a new position in CSW Industrials in the first quarter valued at approximately $81,194,000. Nuveen LLC acquired a new stake in CSW Industrials in the 1st quarter valued at about $24,711,000. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of CSW Industrials by 34.5% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 316,464 shares of the basic materials company’s stock valued at $92,256,000 after purchasing an additional 81,139 shares during the last quarter. Federated Hermes Inc. raised its stake in shares of CSW Industrials by 1,539.2% during the first quarter. Federated Hermes Inc. now owns 68,766 shares of the basic materials company’s stock worth $20,047,000 after buying an additional 64,571 shares during the last quarter. Finally, Fiera Capital Corp bought a new stake in CSW Industrials in the first quarter valued at approximately $13,756,000. Hedge funds and other institutional investors own 82.79% of the company’s stock.

CSW Industrials Company Profile

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.