CSW Industrials (NYSE:CSW) Stock Rating Raised to Buy at Wall Street Zen

Wall Street Zen upgraded shares of CSW Industrials (NYSE:CSW) from a hold rating to a buy rating in a research note issued to investors on Saturday,Wall Street Zen reports.

A number of other research firms have also recently issued reports on CSW. Wells Fargo & Company boosted their price objective on CSW Industrials from $285.00 to $320.00 and gave the company an “equal weight” rating in a research report on Friday, July 31st. JPMorgan Chase & Co. raised their target price on CSW Industrials from $350.00 to $380.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Truist Financial lifted their price target on shares of CSW Industrials from $313.00 to $332.00 and gave the stock a “hold” 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. Finally, Zacks Research cut shares of CSW Industrials from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, CSW Industrials has a consensus rating of “Moderate Buy” and an average price target of $347.57.

CSW Industrials Price Performance

NYSE CSW opened at $287.51 on Friday. CSW Industrials has a twelve month low of $230.45 and a twelve month high of $355.48. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.36 and a current ratio of 2.70. The stock has a market capitalization of $4.68 billion, a PE ratio of 39.44 and a beta of 0.81. The stock has a 50-day simple moving average of $312.53 and a 200 day simple moving average of $290.18.

CSW Industrials (NYSE:CSW) last released its earnings results on Thursday, July 30th. The basic materials company reported $3.84 EPS for the quarter, beating the consensus estimate of $3.66 by $0.18. The firm had revenue of $350.65 million during the quarter. CSW Industrials had a net margin of 10.34% and a return on equity of 17.41%. The company’s quarterly revenue was up 33.0% on a year-over-year basis. Research analysts anticipate that CSW Industrials will post 12.53 EPS for the current year.

CSW Industrials Announces Dividend

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

Insider Buying and Selling

In other news, EVP Jeff Underwood sold 720 shares of CSW Industrials stock in a transaction on Monday, August 10th. The stock was sold at an average price of $346.96, for a total value of $249,811.20. Following the completion of the sale, the executive vice president directly owned 6,409 shares of the company’s stock, valued at approximately $2,223,666.64. This trade represents a 10.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Joseph B. Armes sold 1,500 shares of CSW Industrials 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 sale, the chief executive officer owned 62,736 shares of the company’s stock, valued at approximately $18,167,090.88. The trade was a 2.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On CSW Industrials

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Valley Wealth Managers Inc. bought a new stake in shares of CSW Industrials in the 1st quarter valued at $26,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in CSW Industrials during the second quarter worth about $29,000. Public Employees Retirement System of Ohio acquired a new position in CSW Industrials in the second quarter valued at about $29,000. Global Retirement Partners LLC acquired a new position in CSW Industrials in the second quarter valued at about $31,000. Finally, Sound Income Strategies LLC increased its holdings in shares of CSW Industrials by 628.6% in the first quarter. Sound Income Strategies LLC now owns 153 shares of the basic materials company’s stock worth $40,000 after acquiring an additional 132 shares in the last quarter. Institutional investors own 82.79% of the company’s stock.

CSW Industrials Company Profile

CSW Industrials, Inc is a diversified industrial products company headquartered in Dallas, Texas. The company develops, manufactures and sells products used in the maintenance, repair, construction and improvement of residential, commercial and industrial infrastructure.

CSW Industrials operates through three primary business segments: Contractor Solutions, Engineered Building Solutions and Specialized Reliability Solutions. Its product portfolio includes HVAC and refrigeration products, plumbing and electrical solutions, adhesives, sealants, coatings, fire- and smoke-protection products, roofing materials, building components and specialty products designed to support the reliability and performance of industrial equipment and infrastructure.