CSW Industrials (NYSE:CSW) Price Target Raised to $333.00

CSW Industrials (NYSE:CSW) had its price target hoisted by The Goldman Sachs Group from $302.00 to $333.00 in a research note released on Tuesday,Benzinga reports. The brokerage currently has a neutral rating on the basic materials company’s stock.

Other analysts have also issued reports about the stock. Citigroup upped their price objective on shares of CSW Industrials from $311.00 to $333.00 and gave the company a “neutral” rating in a research note on Monday. Zacks Research downgraded shares of CSW Industrials from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Truist Financial raised their price objective on shares of CSW Industrials from $273.00 to $276.00 and gave the stock a “hold” rating in a research note on Wednesday, October 8th. Wells Fargo & Company boosted their target price on shares of CSW Industrials from $265.00 to $300.00 and gave the company an “equal weight” rating in a research note on Monday, December 15th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of CSW Industrials in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $323.67.

CSW Industrials Stock Performance

CSW opened at $328.34 on Tuesday. The company has a quick ratio of 1.32, a current ratio of 2.76 and a debt-to-equity ratio of 0.05. The firm has a market cap of $5.48 billion, a PE ratio of 38.54 and a beta of 0.82. The business has a fifty day simple moving average of $290.01 and a 200-day simple moving average of $272.64. CSW Industrials has a fifty-two week low of $230.45 and a fifty-two week high of $401.02.

CSW Industrials (NYSE:CSW) last announced its earnings results on Thursday, October 30th. The basic materials company reported $2.96 EPS for the quarter, beating the consensus estimate of $2.73 by $0.23. CSW Industrials had a return on equity of 14.74% and a net margin of 14.88%. As a group, equities analysts predict that CSW Industrials will post 8.49 EPS for the current fiscal year.

Insider Buying and Selling at CSW Industrials

In other news, SVP Luke Alverson sold 280 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $272.95, for a total transaction of $76,426.00. Following the transaction, the senior vice president directly owned 13,110 shares in the company, valued at $3,578,374.50. The trade was a 2.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP James E. Perry sold 580 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $275.00, for a total value of $159,500.00. Following the sale, the executive vice president owned 25,349 shares of the company’s stock, valued at approximately $6,970,975. This represents a 2.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 8,366 shares of company stock worth $2,403,173 over the last 90 days. 1.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CSW Industrials

Hedge funds and other institutional investors have recently made changes to their positions in the company. Matrix Trust Co grew its stake in shares of CSW Industrials by 91.1% in the 2nd quarter. Matrix Trust Co now owns 86 shares of the basic materials company’s stock valued at $25,000 after buying an additional 41 shares in the last quarter. GAMMA Investing LLC acquired a new stake in CSW Industrials in the fourth quarter valued at approximately $50,000. Nisa Investment Advisors LLC bought a new stake in CSW Industrials in the fourth quarter worth approximately $76,000. Harbor Investment Advisory LLC grew its position in CSW Industrials by 27.3% in the second quarter. Harbor Investment Advisory LLC now owns 275 shares of the basic materials company’s stock worth $79,000 after acquiring an additional 59 shares in the last quarter. Finally, Eastern Bank acquired a new position in shares of CSW Industrials during the 4th quarter worth $122,000. 82.79% of the stock is owned by hedge funds and other institutional investors.

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.