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

CSW Industrials, Inc. (NYSE:CSW) has earned a consensus rating of “Hold” from the seven research firms that are currently covering the stock, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $304.00.

CSW has been the topic of several research reports. Weiss Ratings restated a “hold (c)” rating on shares of CSW Industrials in a report on Monday, November 17th. Zacks Research downgraded shares of CSW Industrials from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 8th. JPMorgan Chase & Co. upped their price target on shares of CSW Industrials from $290.00 to $300.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Wells Fargo & Company dropped their price target on shares of CSW Industrials from $305.00 to $285.00 and set an “equal weight” rating for the company in a research note on Friday, August 1st. Finally, Citigroup reduced their price objective on shares of CSW Industrials from $261.00 to $259.00 and set a “neutral” rating on the stock in a research note on Monday, November 3rd.

CSW Industrials Stock Up 7.2%

Shares of NYSE:CSW opened at $259.49 on Tuesday. CSW Industrials has a 52-week low of $230.45 and a 52-week high of $436.50. The company has a market capitalization of $4.33 billion, a PE ratio of 31.00 and a beta of 0.96. 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 company has a fifty day moving average of $245.57 and a 200-day moving average of $274.58.

CSW Industrials (NYSE:CSW) last released its quarterly earnings data on Thursday, October 30th. The basic materials company reported $2.96 earnings per share for the quarter, beating the consensus estimate of $2.73 by $0.23. CSW Industrials had a return on equity of 13.78% and a net margin of 15.18%. On average, equities analysts predict that CSW Industrials will post 8.49 EPS for the current fiscal year.

CSW Industrials Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, October 31st were paid a $0.27 dividend. The ex-dividend date of this dividend was Friday, October 31st. This represents a $1.08 annualized dividend and a dividend yield of 0.4%. CSW Industrials’s dividend payout ratio is presently 12.68%.

Insider Activity

In related news, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $250.00, for a total value of $250,000.00. Following the transaction, the chief executive officer directly owned 65,493 shares of the company’s stock, valued at $16,373,250. The trade was a 1.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 3,000 shares of company stock worth $750,000 in the last ninety days. 1.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CSW. Argent Capital Management LLC boosted its stake in shares of CSW Industrials by 5.6% in the 2nd quarter. Argent Capital Management LLC now owns 2,180 shares of the basic materials company’s stock valued at $625,000 after purchasing an additional 116 shares during the last quarter. GAMMA Investing LLC lifted its holdings in CSW Industrials by 44.6% in the second quarter. GAMMA Investing LLC now owns 428 shares of the basic materials company’s stock valued at $123,000 after buying an additional 132 shares during the period. Matrix Trust Co boosted its position in CSW Industrials by 91.1% during the second quarter. Matrix Trust Co now owns 86 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 41 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in CSW Industrials by 3.4% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,423 shares of the basic materials company’s stock worth $1,003,000 after acquiring an additional 113 shares during the period. Finally, Harbor Capital Advisors Inc. raised its position in shares of CSW Industrials by 2.4% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 30,578 shares of the basic materials company’s stock worth $8,771,000 after acquiring an additional 720 shares in the last quarter. 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.