CSW Industrials (NYSE:CSW) Upgraded to “Strong-Buy” at Zacks Research

Zacks Research upgraded shares of CSW Industrials (NYSE:CSW) from a hold rating to a strong-buy rating in a research report report published on Monday morning,Zacks.com reports.

A number of other research analysts have also commented on the company. Robert W. Baird initiated coverage on CSW Industrials in a report on Tuesday, February 17th. They set an “outperform” rating and a $378.00 price target for the company. Weiss Ratings upgraded CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Citigroup cut their price target on CSW Industrials from $307.00 to $304.00 and set a “neutral” rating for the company in a report on Wednesday, May 27th. Truist Financial cut their price target on CSW Industrials from $301.00 to $300.00 and set a “hold” rating for the company in a report on Wednesday, May 27th. Finally, Wells Fargo & Company upped their price target on CSW Industrials from $280.00 to $285.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 27th. Three investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, CSW Industrials presently has an average rating of “Moderate Buy” and a consensus target price of $328.57.

CSW Industrials Trading Up 4.1%

Shares of NYSE CSW opened at $278.15 on Monday. The business has a 50 day simple moving average of $276.88 and a 200 day simple moving average of $287.58. CSW Industrials has a 52 week low of $230.45 and a 52 week high of $337.02. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.23 and a current ratio of 2.60. The stock has a market cap of $4.54 billion, a price-to-earnings ratio of 41.64 and a beta of 0.84.

CSW Industrials (NYSE:CSW) last posted its earnings results on Tuesday, May 26th. The basic materials company reported $3.14 earnings per share for the quarter, topping the consensus estimate of $2.34 by $0.80. CSW Industrials had a return on equity of 15.91% and a net margin of 10.35%.The firm had revenue of $308.96 million during the quarter. The business’s quarterly revenue was up 34.0% on a year-over-year basis. On average, research analysts predict that CSW Industrials will post 12.52 earnings per share for the current fiscal year.

CSW Industrials Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, April 24th were given a $0.30 dividend. 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. The ex-dividend date was Friday, April 24th. CSW Industrials’s dividend payout ratio (DPR) is currently 17.96%.

Insider Buying and Selling

In other news, EVP Don Sullivan sold 166 shares of the stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $300.26, for a total transaction of $49,843.16. Following the sale, the executive vice president owned 21,567 shares in the company, valued at approximately $6,475,707.42. This represents a 0.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Darron K. Ash bought 300 shares of the firm’s stock in a transaction dated Friday, March 13th. The shares were acquired at an average price of $256.62 per share, for a total transaction of $76,986.00. Following the acquisition, the director directly owned 1,155 shares of the company’s stock, valued at approximately $296,396.10. The trade was a 35.09% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have sold 5,180 shares of company stock valued at $1,465,478. 1.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CSW Industrials

Large investors have recently made changes to their positions in the company. Arax Advisory Partners acquired a new position in shares of CSW Industrials during the fourth quarter valued at $28,000. Danske Bank A S acquired a new position in shares of CSW Industrials during the fourth quarter valued at $29,000. Valley Wealth Managers Inc. acquired a new position in shares of CSW Industrials during the first quarter valued at $26,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in CSW Industrials in the fourth quarter valued at about $31,000. Finally, Global Retirement Partners LLC acquired a new position in CSW Industrials in the fourth quarter valued at about $31,000. 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.