CSW Industrials, Inc. (NYSE:CSW) Given Average Recommendation of “Hold” by Brokerages

Shares of CSW Industrials, Inc. (NYSE:CSW) have received an average recommendation of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $313.80.

Several equities analysts have weighed in on the company. Zacks Research upgraded CSW Industrials from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 2nd. Wells Fargo & Company decreased their price objective on CSW Industrials from $305.00 to $285.00 and set an “equal weight” rating on the stock in a report on Friday, August 1st. Truist Financial set a $273.00 target price on CSW Industrials and gave the stock a “hold” rating in a report on Tuesday, August 5th. JPMorgan Chase & Co. dropped their price objective on shares of CSW Industrials from $320.00 to $290.00 and set a “neutral” rating for the company in a research report on Friday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of CSW Industrials in a research report on Saturday, September 27th.

CSW Industrials Stock Down 2.9%

Shares of CSW Industrials stock opened at $250.10 on Monday. CSW Industrials has a twelve month low of $238.49 and a twelve month 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 market capitalization of $4.20 billion, a price-to-earnings ratio of 29.88 and a beta of 0.92. The business’s 50 day simple moving average is $259.63 and its 200-day simple moving average is $287.31.

CSW Industrials (NYSE:CSW) last issued its quarterly earnings results on Thursday, July 31st. The basic materials company reported $2.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.62 by $0.23. The firm 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%. Equities research analysts forecast that CSW Industrials will post 8.49 earnings per share for the current year.

CSW Industrials Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Friday, July 25th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.4%. CSW Industrials’s payout ratio is presently 12.90%.

Insider Buying and Selling at CSW Industrials

In other CSW Industrials news, Director Robert M. Swartz sold 200 shares of the stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $250.37, for a total value of $50,074.00. Following the transaction, the director directly owned 12,319 shares of the company’s stock, valued at $3,084,308.03. This represents a 1.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP James E. Perry sold 145 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $275.05, for a total transaction of $39,882.25. Following the completion of the transaction, the executive vice president directly owned 25,178 shares in the company, valued at approximately $6,925,208.90. This represents a 0.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,412 shares of company stock valued at $1,497,397. Corporate insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CSW. Matrix Trust Co increased its holdings in shares of CSW Industrials by 91.1% during the second quarter. Matrix Trust Co now owns 86 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 41 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of CSW Industrials by 517.6% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 105 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 88 shares during the period. Versant Capital Management Inc increased its holdings in shares of CSW Industrials by 526.3% during the first quarter. Versant Capital Management Inc now owns 119 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 100 shares during the period. Whittier Trust Co. bought a new position in shares of CSW Industrials during the first quarter worth approximately $59,000. Finally, Harbor Investment Advisory LLC increased its holdings in shares of CSW Industrials by 27.3% during the second quarter. Harbor Investment Advisory LLC now owns 275 shares of the basic materials company’s stock worth $79,000 after purchasing an additional 59 shares during the period. 82.79% of the stock is owned by institutional investors.

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.