Brokerages Set CSW Industrials, Inc. (NYSE:CSW) Target Price at $328.57

CSW Industrials, Inc. (NYSE:CSWGet Free Report) has received an average recommendation of “Moderate Buy” from the nine brokerages that are presently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and three have given a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $328.5714.

Several equities research analysts recently commented on the stock. Truist Financial cut their price objective on shares of CSW Industrials from $301.00 to $300.00 and set a “hold” rating on the stock in a research report on Wednesday, May 27th. Zacks Research raised shares of CSW Industrials from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. Robert W. Baird assumed coverage on shares of CSW Industrials in a research report on Tuesday, February 17th. They issued an “outperform” rating and a $378.00 price objective on the stock. Wells Fargo & Company boosted their price objective on shares of CSW Industrials from $280.00 to $285.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 27th. Finally, Weiss Ratings raised shares of CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th.

View Our Latest Stock Report on CSW Industrials

Insiders Place Their Bets

In other CSW Industrials news, EVP Don Sullivan sold 166 shares of the business’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $300.26, for a total transaction of $49,843.16. Following the sale, the executive vice president directly owned 21,567 shares of the company’s stock, valued at $6,475,707.42. The trade was a 0.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Luke Alverson sold 1,007 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $289.57, for a total transaction of $291,596.99. Following the sale, the senior vice president directly owned 12,450 shares in the company, valued at $3,605,146.50. This trade represents a 7.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 5,180 shares of company stock valued at $1,465,478 in the last three months. 1.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CSW Industrials

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Valley Wealth Managers Inc. bought a new stake in CSW Industrials during the 1st quarter worth about $26,000. Arax Advisory Partners bought a new stake in CSW Industrials during the 4th quarter worth about $28,000. Danske Bank A S bought a new stake in CSW Industrials during the 4th quarter worth about $29,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in CSW Industrials during the 4th quarter worth about $31,000. Finally, Global Retirement Partners LLC bought a new stake in CSW Industrials during the 4th quarter worth about $31,000. 82.79% of the stock is owned by institutional investors.

CSW Industrials Trading Down 0.4%

CSW opened at $273.50 on Friday. The stock has a market capitalization of $4.46 billion, a P/E ratio of 40.94 and a beta of 0.84. CSW Industrials has a 12 month low of $230.45 and a 12 month high of $337.02. The firm’s fifty day simple moving average is $277.55 and its 200 day simple moving average is $287.76. The company has a current ratio of 2.60, a quick ratio of 1.23 and a debt-to-equity ratio of 0.80.

CSW Industrials (NYSE:CSWGet Free Report) last posted its quarterly earnings data on Tuesday, May 26th. The basic materials company reported $3.14 EPS for the quarter, beating the consensus estimate of $2.34 by $0.80. The business had revenue of $308.96 million for the quarter. CSW Industrials had a net margin of 10.35% and a return on equity of 15.91%. The firm’s quarterly revenue was up 34.0% on a year-over-year basis. As a group, research analysts anticipate that CSW Industrials will post 12.52 EPS for the current fiscal year.

CSW Industrials Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, April 24th were given a $0.30 dividend. The ex-dividend date of this dividend was Friday, April 24th. This represents a $1.20 annualized dividend and a yield of 0.4%. This is an increase from CSW Industrials’s previous quarterly dividend of $0.27. CSW Industrials’s payout ratio is presently 17.96%.

About CSW Industrials

(Get Free Report)

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.

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Analyst Recommendations for CSW Industrials (NYSE:CSW)

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