CSW Industrials (NYSE:CSW) Trading Down 5% – What’s Next?

CSW Industrials, Inc. (NYSE:CSW) shares were down 5% during mid-day trading on Wednesday . The company traded as low as $290.89 and last traded at $291.8010. Approximately 8,036 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 152,836 shares. The stock had previously closed at $307.02.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CSW shares. Robert W. Baird started coverage on CSW Industrials in a report on Tuesday, February 17th. They issued an “outperform” rating and a $378.00 target price for the company. Truist Financial increased their target price on CSW Industrials from $271.00 to $292.00 and gave the stock a “hold” rating in a report on Monday, February 2nd. The Goldman Sachs Group increased their target price on CSW Industrials from $302.00 to $333.00 and gave the stock a “neutral” rating in a report on Tuesday, January 13th. Wells Fargo & Company dropped their target price on CSW Industrials from $300.00 to $280.00 and set an “equal weight” rating for the company in a report on Monday, February 2nd. Finally, Citigroup dropped their target price on CSW Industrials from $333.00 to $307.00 and set a “neutral” rating for the company in a report on Friday, January 30th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, CSW Industrials presently has a consensus rating of “Hold” and an average price target of $327.14.

CSW Industrials Price Performance

The stock has a fifty day moving average of $280.73 and a two-hundred day moving average of $278.71. The stock has a market capitalization of $4.65 billion, a price-to-earnings ratio of 37.44 and a beta of 0.84. 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 released its quarterly earnings results on Thursday, January 29th. The basic materials company reported $1.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.51). CSW Industrials had a net margin of 12.64% and a return on equity of 14.55%. The business had revenue of $232.99 million for the quarter, compared to analyst estimates of $249.36 million. As a group, equities research analysts forecast that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Friday, April 24th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, April 24th. This represents a $1.20 dividend on an annualized basis and a yield of 0.4%. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.27. CSW Industrials’s payout ratio is 14.32%.

Insider Activity at CSW Industrials

In related news, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction 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 completion of the sale, the chief executive officer directly owned 62,526 shares of the company’s stock, valued at $20,548,544.64. This trade represents a 1.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Luke Alverson sold 1,007 shares of the firm’s stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $266.11, for a total value of $267,972.77. Following the sale, the senior vice president directly owned 13,457 shares of the company’s stock, valued at $3,581,042.27. This represents a 6.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 2,507 shares of company stock valued at $754,623 in the last three months. Corporate insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On CSW Industrials

Several hedge funds and other institutional investors have recently made changes to their positions in CSW. 1900 Wealth Management LLC bought a new position in shares of CSW Industrials in the 4th quarter worth $5,363,000. Jacobson & Schmitt Advisors LLC purchased a new stake in shares of CSW Industrials during the 4th quarter worth approximately $18,341,000. Avior Wealth Management LLC purchased a new stake in shares of CSW Industrials during the 4th quarter worth approximately $807,000. Harbor Capital Advisors Inc. purchased a new stake in shares of CSW Industrials during the 4th quarter worth approximately $2,359,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of CSW Industrials during the 4th quarter worth approximately $41,461,000. 82.79% of the stock is owned by institutional investors and hedge funds.

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.