CSW Industrials (NYSE:CSW – Free Report) had its target price increased by Truist Financial from $313.00 to $332.00 in a report published on Monday morning,Benzinga reports. They currently have a hold rating on the basic materials company’s stock.
Several other research firms also recently weighed in on CSW. Wells Fargo & Company raised their price objective on CSW Industrials from $285.00 to $320.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. JPMorgan Chase & Co. increased their price objective on shares of CSW Industrials from $350.00 to $380.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Zacks Research downgraded CSW Industrials from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Citigroup upped their price objective on shares of CSW Industrials from $304.00 to $340.00 and gave the company a “neutral” rating in a report on Monday. Finally, Weiss Ratings lowered shares of CSW Industrials from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $347.57.
View Our Latest Stock Analysis on CSW
CSW Industrials Trading Down 0.9%
CSW Industrials (NYSE:CSW – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.84 earnings per share for the quarter, topping the consensus estimate of $3.66 by $0.18. CSW Industrials had a return on equity of 17.41% and a net margin of 10.34%.The firm had revenue of $350.65 million for the quarter. The company’s revenue for the quarter was up 33.0% on a year-over-year basis. Sell-side analysts forecast that CSW Industrials will post 12.77 earnings per share for the current year.
CSW Industrials Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, July 31st. CSW Industrials’s payout ratio is presently 16.46%.
Insider Buying and Selling at CSW Industrials
In other CSW Industrials news, CEO Joseph B. Armes sold 1,500 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $279.52, for a total transaction of $419,280.00. Following the transaction, the chief executive officer directly owned 69,100 shares of the company’s stock, valued at approximately $19,314,832. The trade was a 2.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.20% of the company’s stock.
Hedge Funds Weigh In On CSW Industrials
Hedge funds have recently bought and sold shares of the business. Valley Wealth Managers Inc. purchased a new stake in CSW Industrials in the 1st quarter worth approximately $26,000. Arax Advisory Partners bought a new stake in shares of CSW Industrials in the 4th quarter worth about $28,000. Danske Bank A S purchased a new position in shares of CSW Industrials in the 4th quarter worth approximately $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. Finally, Global Retirement Partners LLC purchased a new stake in shares of CSW Industrials in the fourth quarter worth approximately $31,000. Hedge funds and other institutional investors own 82.79% of the company’s stock.
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.
Featured Articles
- Five stocks we like better than CSW Industrials
- SpaceX: Love the Company, But the Stock Is a Harder Call
- Ulta’s Growth Is Real, But So Are the Risks
- BWX Technologies Is Turning the AI Power Problem Into a Nuclear Growth Story
- Meta’s Earnings Drop Shows Wall Street Wants More Than Ad Growth
Receive News & Ratings for CSW Industrials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CSW Industrials and related companies with MarketBeat.com's FREE daily email newsletter.
