CSW Industrials (NYSE:CSW) Stock Price Passes Below 50-Day Moving Average – Time to Sell?

CSW Industrials, Inc. (NYSE:CSW)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $303.39 and traded as low as $269.06. CSW Industrials shares last traded at $272.21, with a volume of 102,692 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CSW. Zacks Research downgraded CSW Industrials from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th. The Goldman Sachs Group raised their price objective on CSW Industrials from $302.00 to $333.00 and gave the stock a “neutral” rating in a report on Tuesday, January 13th. Robert W. Baird assumed coverage on CSW Industrials in a research note on Tuesday, February 17th. They set an “outperform” rating and a $378.00 price target on the stock. Wells Fargo & Company reduced their price objective on CSW Industrials from $300.00 to $280.00 and set an “equal weight” rating for the company in a research note on Monday, February 2nd. Finally, CJS Securities raised 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 assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, CSW Industrials presently has a consensus rating of “Hold” and an average target price of $327.14.

CSW Industrials Price Performance

The stock’s fifty day moving average price is $302.49 and its 200-day moving average price is $276.86. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.97 and a current ratio of 2.36. The firm has a market cap of $4.32 billion, a PE ratio of 34.81 and a beta of 0.81.

CSW Industrials (NYSE:CSW) last issued 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). 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 during the quarter, compared to analyst estimates of $249.36 million. As a group, equities analysts forecast that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Announces Dividend

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

Insider Buying and Selling

In related news, EVP Don Sullivan sold 4,136 shares of the company’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 transaction of $1,246,631.76. Following the transaction, the executive vice president owned 18,196 shares of the company’s stock, valued at approximately $5,484,456.36. This represents a 18.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Luke Alverson sold 500 shares of CSW Industrials stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $316.02, for a total transaction of $158,010.00. Following the completion of the sale, the senior vice president directly owned 12,450 shares of the company’s stock, valued at $3,934,449. The trade was a 3.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 6,636 shares of company stock worth $2,050,682. 1.30% of the stock is owned by corporate insiders.

Institutional Trading of CSW Industrials

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CSW. Vanguard Group Inc. purchased a new position in shares of CSW Industrials during the 4th quarter worth about $515,553,000. Capital World Investors acquired a new stake in CSW Industrials during the fourth quarter worth about $308,934,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of CSW Industrials in the fourth quarter worth about $237,891,000. Morgan Stanley bought a new stake in shares of CSW Industrials in the fourth quarter worth $196,549,000. Finally, Wasatch Advisors LP acquired a new stake in CSW Industrials during the fourth quarter valued at approximately $195,630,000. Hedge funds and other institutional investors own 82.79% of the company’s stock.

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.