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

CSW Industrials, Inc. (NYSE:CSW) has earned a consensus rating of “Hold” from the eight brokerages that are currently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $318.6667.

Several research firms have issued reports on CSW. The Goldman Sachs Group increased their price objective on CSW Industrials from $302.00 to $333.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 13th. Citigroup lowered their price target on shares of CSW Industrials from $333.00 to $307.00 and set a “neutral” rating on the stock in a research note on Friday, January 30th. CJS Securities upgraded shares of CSW Industrials to a “strong-buy” rating in a research note on Thursday, December 11th. Zacks Research downgraded shares of CSW Industrials from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of CSW Industrials in a research report on Monday, December 29th.

Insider Activity

In other news, SVP Luke Alverson sold 280 shares of CSW Industrials stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $272.95, for a total transaction of $76,426.00. Following the completion of the transaction, the senior vice president owned 13,110 shares of the company’s stock, valued at $3,578,374.50. The trade was a 2.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP James E. Perry sold 580 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $275.00, for a total transaction of $159,500.00. Following the completion of the sale, the executive vice president owned 25,349 shares in the company, valued at $6,970,975. This represents a 2.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 8,366 shares of company stock valued at $2,481,813 in the last 90 days. Insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On CSW Industrials

Several hedge funds have recently added to or reduced their stakes in the business. Danske Bank A S acquired a new position in CSW Industrials in the 4th quarter valued at $29,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of CSW Industrials in the fourth quarter valued at $31,000. CWM LLC acquired a new position in CSW Industrials in the fourth quarter valued at $32,000. Salomon & Ludwin LLC purchased a new position in CSW Industrials during the fourth quarter worth about $36,000. Finally, GAMMA Investing LLC purchased a new position in CSW Industrials during the fourth quarter worth about $50,000. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

CSW Industrials Price Performance

Shares of CSW opened at $274.78 on Friday. CSW Industrials has a twelve month low of $230.45 and a twelve month high of $338.90. The stock’s 50 day moving average is $304.59 and its two-hundred day moving average is $272.59. The firm has a market capitalization of $4.53 billion, a PE ratio of 36.44 and a beta of 0.83. The company has a current ratio of 2.36, a quick ratio of 0.97 and a debt-to-equity ratio of 0.72.

CSW Industrials (NYSE:CSW) last issued its earnings results on Thursday, January 29th. The basic materials company reported $1.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.51). CSW Industrials had a return on equity of 14.55% and a net margin of 12.64%.The business had revenue of $232.99 million for the quarter, compared to analysts’ expectations of $249.36 million. Research analysts anticipate that CSW Industrials will post 8.49 earnings per share for the current year.

CSW Industrials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Friday, January 30th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Friday, January 30th. CSW Industrials’s dividend payout ratio (DPR) is presently 14.32%.

About CSW Industrials

CSW Industrials, Inc is a diversified industrial manufacturer that develops and supplies specialty chemical products, performance materials and precision surface solutions. The company’s offerings span a range of end markets including energy, industrial processing, converting and automotive, where its products serve critical functions in production efficiency, equipment maintenance and process enhancement.

In its chemical business, CSW Industrials produces solvent- and water-based formulations such as surfactants, corrosion inhibitors and custom blends used in oilfield exploration and production, metalworking, water treatment and other industrial applications.