CSW Industrials (NYSE:CSW) Releases Quarterly Earnings Results, Misses Expectations By $0.51 EPS

CSW Industrials (NYSE:CSW) released its earnings results on Thursday. The basic materials company reported $1.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.51), Zacks reports. CSW Industrials had a net margin of 14.88% and a return on equity of 14.74%.

CSW Industrials Stock Performance

Shares of NYSE CSW traded down $21.64 during mid-day trading on Thursday, reaching $278.32. 170,085 shares of the company’s stock were exchanged, compared to its average volume of 148,500. The firm has a 50-day moving average price of $303.82 and a two-hundred day moving average price of $273.47. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.76 and a quick ratio of 1.32. CSW Industrials has a 52 week low of $230.45 and a 52 week high of $339.99. The firm has a market capitalization of $4.65 billion, a price-to-earnings ratio of 32.67 and a beta of 0.82.

CSW Industrials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Friday, January 30th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, January 30th. This represents a $1.08 annualized dividend and a dividend yield of 0.4%. CSW Industrials’s dividend payout ratio (DPR) is currently 12.68%.

Analyst Ratings Changes

CSW has been the subject of a number of research reports. Jefferies Financial Group set a $350.00 price objective on CSW Industrials in a research note on Wednesday, December 3rd. JPMorgan Chase & Co. raised shares of CSW Industrials from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $300.00 to $350.00 in a research report on Wednesday, December 3rd. Wells Fargo & Company upped their price objective on shares of CSW Industrials from $265.00 to $300.00 and gave the stock an “equal weight” rating in a report on Monday, December 15th. CJS Securities upgraded shares of CSW Industrials to a “strong-buy” rating in a report on Thursday, December 11th. 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 assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, CSW Industrials currently has an average rating of “Hold” and a consensus price target of $323.67.

Insider Buying and Selling at CSW Industrials

In related news, SVP Jeff Underwood sold 370 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $278.96, for a total value of $103,215.20. Following the sale, the senior vice president directly owned 5,853 shares in the company, valued at approximately $1,632,752.88. The trade was a 5.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP James E. Perry sold 580 shares of CSW Industrials stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $275.00, for a total transaction of $159,500.00. Following the completion of the transaction, the executive vice president owned 25,349 shares of the company’s stock, valued at $6,970,975. The trade was a 2.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 8,366 shares of company stock valued at $2,481,813 in the last quarter. Insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On CSW Industrials

A hedge fund recently raised its stake in CSW Industrials stock. Integrated Wealth Concepts LLC increased its stake in shares of CSW Industrials, Inc. (NYSE:CSW) by 20.0% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 970 shares of the basic materials company’s stock after purchasing an additional 162 shares during the period. Integrated Wealth Concepts LLC’s holdings in CSW Industrials were worth $283,000 as of its most recent SEC filing. 82.79% of the stock is owned by institutional investors and hedge funds.

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.