CSW Industrials (NYSE:CSW) Upgraded to “Strong-Buy” at Robert W. Baird

Robert W. Baird upgraded shares of CSW Industrials (NYSE:CSW) to a strong-buy rating in a research note published on Tuesday morning,Zacks.com reports.

Several other brokerages have also recently issued reports on CSW. Citigroup lowered their target price on shares of CSW Industrials from $333.00 to $307.00 and set a “neutral” rating for the company in a report on Friday, January 30th. Weiss Ratings reissued a “hold (c+)” rating on shares of CSW Industrials in a research report on Monday, December 29th. Truist Financial lifted their price target on CSW Industrials from $271.00 to $292.00 and gave the stock a “hold” rating in a research report on Monday, February 2nd. JPMorgan Chase & Co. raised CSW Industrials from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $300.00 to $350.00 in a report on Wednesday, December 3rd. Finally, CJS Securities raised shares of CSW Industrials to a “strong-buy” rating in a report on Thursday, December 11th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $327.14.

CSW Industrials Stock Up 3.8%

CSW Industrials stock opened at $305.33 on Tuesday. The stock has a market cap of $5.03 billion, a PE ratio of 40.42 and a beta of 0.83. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.36 and a quick ratio of 0.97. The stock’s fifty day moving average is $307.07 and its two-hundred day moving average is $274.51. CSW Industrials has a 1-year low of $230.45 and a 1-year high of $338.90.

CSW Industrials (NYSE:CSW) last released its quarterly earnings data on Thursday, January 29th. The basic materials company reported $1.42 EPS for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.51). The business had revenue of $232.99 million during the quarter, compared to analysts’ expectations of $249.36 million. CSW Industrials had a net margin of 12.64% and a return on equity of 14.55%. On average, sell-side analysts expect that CSW Industrials will post 8.49 EPS for the current fiscal year.

CSW Industrials Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, January 30th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.4%. The ex-dividend date was Friday, January 30th. CSW Industrials’s dividend payout ratio (DPR) is 14.32%.

Insider Activity

In other news, EVP Don Sullivan sold 4,136 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $301.41, for a total value of $1,246,631.76. Following the completion of the transaction, the executive vice president owned 18,196 shares of the company’s stock, valued at $5,484,456.36. The trade was a 18.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $328.64, for a total transaction of $328,640.00. Following the sale, the chief executive officer owned 62,526 shares in the company, valued at approximately $20,548,544.64. This trade represents a 1.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 7,866 shares of company stock worth $2,389,823. 1.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Corient Private Wealth LLC purchased a new stake in shares of CSW Industrials during the 4th quarter valued at $2,617,000. Summit Global Investments acquired a new position in shares of CSW Industrials in the 4th quarter valued at about $401,000. Beacon Pointe Advisors LLC purchased a new stake in shares of CSW Industrials during the 4th quarter worth about $3,672,000. State of Tennessee Department of Treasury acquired a new stake in CSW Industrials during the 4th quarter worth approximately $1,582,000. Finally, Mackenzie Financial Corp purchased a new position in CSW Industrials in the fourth quarter valued at approximately $308,000. Institutional investors and hedge funds 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.