CSW Industrials, Inc. (NYSE:CSW) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of CSW Industrials, Inc. (NYSE:CSW) have been assigned a consensus recommendation of “Moderate Buy” from the nine research firms that are currently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation, one has given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $347.5714.

Several research analysts recently weighed in on CSW shares. JPMorgan Chase & Co. upped their price objective on shares of CSW Industrials from $350.00 to $380.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Citigroup boosted their price target on shares of CSW Industrials from $304.00 to $340.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Weiss Ratings raised shares of CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. Wells Fargo & Company raised their price objective on shares of CSW Industrials from $285.00 to $320.00 and gave the company an “equal weight” rating in a research report on Friday, July 31st. Finally, Zacks Research downgraded shares of CSW Industrials from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th.

CSW Industrials Trading Down 0.7%

Shares of CSW Industrials stock opened at $286.77 on Monday. The company’s 50-day moving average price is $311.44 and its 200-day moving average price is $287.21. The company has a current ratio of 2.70, a quick ratio of 1.36 and a debt-to-equity ratio of 0.77. CSW Industrials has a 12-month low of $230.45 and a 12-month high of $355.48. The company has a market cap of $4.67 billion, a price-to-earnings ratio of 39.34 and a beta of 0.81.

CSW Industrials (NYSE:CSW) last released its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.84 earnings per share for the quarter, topping the consensus estimate of $3.66 by $0.18. CSW Industrials had a net margin of 10.34% and a return on equity of 17.41%. The firm had revenue of $350.65 million for the quarter. The firm’s quarterly revenue was up 33.0% compared to the same quarter last year. On average, equities analysts expect that CSW Industrials will post 12.77 earnings per share for the current fiscal year.

CSW Industrials Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Friday, July 31st. CSW Industrials’s dividend payout ratio is currently 16.46%.

Insider Transactions at CSW Industrials

In other news, CEO Joseph B. Armes sold 1,500 shares of the company’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $289.58, for a total value of $434,370.00. Following the completion of the transaction, the chief executive officer directly owned 62,736 shares in the company, valued at approximately $18,167,090.88. This represents a 2.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jeff Underwood sold 720 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $346.96, for a total value of $249,811.20. Following the transaction, the executive vice president owned 6,409 shares in the company, valued at $2,223,666.64. This trade represents a 10.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.20% of the company’s stock.

Institutional Trading of CSW Industrials

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in CSW Industrials in the 2nd quarter worth $686,462,000. Capital World Investors purchased a new stake in CSW Industrials in the 4th quarter worth approximately $308,934,000. Wasatch Advisors LP lifted its holdings in CSW Industrials by 31.1% in the 1st quarter. Wasatch Advisors LP now owns 873,659 shares of the basic materials company’s stock worth $227,658,000 after buying an additional 207,186 shares during the period. Northwestern Mutual Wealth Management Co. bought a new stake in shares of CSW Industrials in the 4th quarter worth approximately $237,891,000. Finally, First Trust Advisors LP grew its position in shares of CSW Industrials by 14.5% in the 1st quarter. First Trust Advisors LP now owns 437,462 shares of the basic materials company’s stock worth $113,994,000 after buying an additional 55,288 shares during the last quarter. Institutional investors own 82.79% of the company’s stock.

CSW Industrials Company Profile

CSW Industrials, Inc is a diversified industrial company that develops, manufactures and sells specialized products serving the building, construction, industrial and energy markets. Its offerings are sold under a portfolio of established brands and are designed for applications including heating, ventilation and air conditioning, refrigeration, plumbing, electrical systems and building safety.

The company operates through three primary business segments: Contractor Solutions, Specialized Reliability Solutions and Engineered Building Solutions.