CSW Industrials (NYSE:CSW) Sets New 1-Year High – Here’s What Happened

CSW Industrials, Inc. (NYSE:CSW) reached a new 52-week high during trading on Monday . The stock traded as high as $354.71 and last traded at $348.1210, with a volume of 113407 shares trading hands. The stock had previously closed at $350.68.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Citigroup upped their target price 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 upgraded shares of CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. JPMorgan Chase & Co. upped their price objective on CSW Industrials from $350.00 to $380.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Wells Fargo & Company increased their price objective on CSW Industrials from $285.00 to $320.00 and gave the company an “equal weight” rating in a research note on Friday, July 31st. Finally, Truist Financial lifted their target price on CSW Industrials from $313.00 to $332.00 and gave the company a “hold” rating in a report on Monday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, CSW Industrials presently has an average rating of “Moderate Buy” and an average target price of $347.57.

CSW Industrials Trading Up 0.4%

The business has a 50-day moving average of $286.74 and a 200-day moving average of $283.96. The stock has a market capitalization of $5.69 billion, a price-to-earnings ratio of 47.87 and a beta of 0.83. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.36 and a current ratio of 2.70.

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

CSW Industrials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.3%. The ex-dividend date is Friday, July 31st. CSW Industrials’s payout ratio is 16.46%.

Insider Activity

In other news, CEO Joseph B. Armes sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $279.52, for a total transaction of $419,280.00. Following the completion of the sale, the chief executive officer owned 69,100 shares in the company, valued at $19,314,832. This represents a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Arax Advisory Partners purchased a new position in shares of CSW Industrials during the 4th quarter worth approximately $28,000. Danske Bank A S purchased a new stake in shares of CSW Industrials during the 4th quarter worth $29,000. Valley Wealth Managers Inc. acquired a new position in shares of CSW Industrials during the 1st quarter worth $26,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of CSW Industrials during the 4th quarter worth $31,000. Finally, Global Retirement Partners LLC purchased a new position in shares of CSW Industrials in the 4th quarter valued at about $31,000. 82.79% of the stock is owned by hedge funds and other institutional investors.

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.