CSW Industrials, Inc. (NYSE:CSW – Get Free Report) EVP Jeff Underwood sold 720 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $346.96, for a total value of $249,811.20. Following the transaction, the executive vice president directly owned 6,409 shares of the company’s stock, valued at approximately $2,223,666.64. This trade represents a 10.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
CSW Industrials Stock Up 1.0%
NYSE:CSW traded up $3.43 during trading hours on Tuesday, reaching $351.13. 79,427 shares of the company traded hands, compared to its average volume of 151,730. The company has a current ratio of 2.70, a quick ratio of 1.36 and a debt-to-equity ratio of 0.77. The business’s 50-day moving average price is $288.29 and its two-hundred day moving average price is $284.16. CSW Industrials, Inc. has a 1 year low of $230.45 and a 1 year high of $355.48. The stock has a market capitalization of $5.72 billion, a P/E ratio of 48.17 and a beta of 0.83.
CSW Industrials (NYSE:CSW – Get Free Report) last released its earnings results on Thursday, July 30th. The basic materials company reported $3.84 EPS for the quarter, topping analysts’ consensus estimates 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. CSW Industrials’s quarterly revenue was up 33.0% compared to the same quarter last year. Analysts predict that CSW Industrials, Inc. will post 12.77 earnings per share for the current year.
CSW Industrials Dividend Announcement
Analysts Set New Price Targets
A number of analysts have weighed in on CSW shares. Citigroup raised their price objective on shares of CSW Industrials from $304.00 to $340.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Wells Fargo & Company upped their target price on shares of CSW Industrials from $285.00 to $320.00 and gave the stock an “equal weight” rating in a research note on Friday, July 31st. Truist Financial increased their price target on shares of CSW Industrials from $313.00 to $332.00 and gave the company a “hold” rating in a report on Monday, August 3rd. JPMorgan Chase & Co. raised their price target on shares of CSW Industrials from $350.00 to $380.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Finally, Zacks Research lowered shares of CSW Industrials from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $347.57.
Check Out Our Latest Stock Analysis on CSW Industrials
Hedge Funds Weigh In On CSW Industrials
A number of hedge funds have recently bought and sold shares of CSW. Whittier Trust Co. lifted its stake in CSW Industrials by 24.8% during the 1st quarter. Whittier Trust Co. now owns 252 shares of the basic materials company’s stock valued at $67,000 after acquiring an additional 50 shares during the period. Sanctuary Advisors LLC grew its stake in shares of CSW Industrials by 8.1% in the fourth quarter. Sanctuary Advisors LLC now owns 984 shares of the basic materials company’s stock worth $289,000 after acquiring an additional 74 shares during the period. Arax Advisory Partners purchased a new position in shares of CSW Industrials during the fourth quarter valued at approximately $28,000. Danske Bank A S purchased a new position in shares of CSW Industrials during the fourth quarter valued at approximately $29,000. Finally, Valley Wealth Managers Inc. bought a new position in CSW Industrials during the first quarter valued at approximately $26,000. Hedge funds and other institutional investors own 82.79% of the company’s stock.
CSW Industrials Company Profile
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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