CSW Industrials (NYSE:CSW) Shares Gap Up – Time to Buy?

Shares of CSW Industrials, Inc. (NYSE:CSW) gapped up prior to trading on Wednesday . The stock had previously closed at $289.58, but opened at $305.34. CSW Industrials shares last traded at $300.3520, with a volume of 3,989 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CSW shares. Citigroup increased 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. Zacks Research cut shares of CSW Industrials from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. 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. raised their price target on CSW Industrials from $350.00 to $380.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Finally, Wells Fargo & Company boosted their price target 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. Two investment 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 data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $347.57.

CSW Industrials Trading Down 1.1%

The company has a debt-to-equity ratio of 0.77, a current ratio of 2.70 and a quick ratio of 1.36. The business’s 50 day moving average price is $311.77 and its 200-day moving average price is $287.40. The firm has a market capitalization of $4.88 billion, a price-to-earnings ratio of 41.09 and a beta of 0.81.

CSW Industrials (NYSE:CSW) last announced its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.84 earnings per share for the quarter, beating analysts’ consensus estimates of $3.66 by $0.18. CSW Industrials had a return on equity of 17.41% and a net margin of 10.34%.The company had revenue of $350.65 million for the quarter. The firm’s revenue was up 33.0% on a year-over-year basis. Equities analysts forecast that CSW Industrials, Inc. will post 12.77 EPS for the current fiscal year.

CSW Industrials Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were paid a $0.30 dividend. The ex-dividend date 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 16.46%.

Insiders Place Their Bets

In related news, CEO Joseph B. Armes sold 1,500 shares of the company’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $289.58, for a total transaction of $434,370.00. Following the transaction, the chief executive officer owned 62,736 shares of the company’s stock, valued at $18,167,090.88. This represents a 2.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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 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 transaction, the executive vice president owned 6,409 shares of the company’s stock, valued at $2,223,666.64. The trade was a 10.10% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.20% of the company’s stock.

Institutional Trading of CSW Industrials

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in CSW Industrials in the second quarter valued at about $686,462,000. Capital World Investors purchased a new stake in shares of CSW Industrials during the 4th quarter worth approximately $308,934,000. Wasatch Advisors LP boosted its stake in shares of CSW Industrials by 31.1% during the 1st quarter. Wasatch Advisors LP now owns 873,659 shares of the basic materials company’s stock worth $227,658,000 after acquiring an additional 207,186 shares in the last quarter. First Trust Advisors LP grew its holdings 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 acquiring an additional 55,288 shares during the period. Finally, Geode Capital Management LLC acquired a new stake in shares of CSW Industrials in the 4th quarter worth approximately $115,318,000. Hedge funds and other 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.