CSW Industrials (NYSE:CSW) Price Target Cut to $328.00 by Analysts at Truist Financial

CSW Industrials (NYSE:CSW) had its price target cut by research analysts at Truist Financial from $332.00 to $328.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has a “hold” rating on the basic materials company’s stock. Truist Financial‘s price objective indicates a potential upside of 13.78% from the company’s current price.

A number of other brokerages have also recently weighed in on CSW. Weiss Ratings restated a “hold (c+)” rating on shares of CSW Industrials in a research note on Friday. Zacks Research lowered shares of CSW Industrials from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Wall Street Zen downgraded CSW Industrials from a “buy” rating to a “hold” rating in a research report on Sunday, October 18th. Wells Fargo & Company dropped their price objective on shares of CSW Industrials from $320.00 to $290.00 and set an “equal weight” rating for the company in a research note on Friday. Finally, Citigroup boosted their price target on CSW Industrials from $304.00 to $340.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, CSW Industrials presently has an average rating of “Moderate Buy” and a consensus target price of $342.71.

CSW Industrials Trading Up 0.7%

Shares of NYSE:CSW traded up $2.11 during mid-day trading on Monday, hitting $288.27. The stock had a trading volume of 16,481 shares, compared to its average volume of 143,702. CSW Industrials has a 12-month low of $236.66 and a 12-month high of $355.48. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.15 and a current ratio of 2.35. The company has a market cap of $4.70 billion, a PE ratio of 37.20 and a beta of 0.81. The company’s 50 day moving average is $298.08 and its 200-day moving average is $290.90.

CSW Industrials (NYSE:CSW) last issued its earnings results on Thursday, October 29th. The basic materials company reported $3.66 earnings per share for the quarter, missing analysts’ consensus estimates of $3.69 by ($0.03). The business had revenue of $361.44 million during the quarter. CSW Industrials had a net margin of 10.17% and a return on equity of 18.38%. CSW Industrials’s revenue for the quarter was up 30.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.96 EPS. On average, sell-side analysts predict that CSW Industrials will post 12.53 EPS for the current year.

Insiders Place Their Bets

In other CSW Industrials news, CEO Joseph Armes sold 1,500 shares of the stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $287.04, for a total value of $430,560.00. Following the transaction, the chief executive officer owned 64,083 shares of the company’s stock, valued at approximately $18,394,384.32. This represents a 2.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jeff Underwood sold 720 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $346.96, for a total transaction of $249,811.20. Following the transaction, the executive vice president owned 6,409 shares of the company’s stock, valued at approximately $2,223,666.64. This represents a 10.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 3,720 shares of company stock valued at $1,114,741 in the last ninety days. Company insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On CSW Industrials

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Covestor Ltd boosted its stake in CSW Industrials by 74.5% in the 3rd quarter. Covestor Ltd now owns 96 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 41 shares during the period. Valley Wealth Managers Inc. acquired a new stake in shares of CSW Industrials in the 1st quarter valued at about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of CSW Industrials in the 2nd quarter valued at about $29,000. Public Employees Retirement System of Ohio bought a new stake in shares of CSW Industrials in the second quarter valued at about $29,000. Finally, Global Retirement Partners LLC bought a new position in shares of CSW Industrials during the second quarter worth about $31,000. 82.79% of the stock is currently owned by institutional investors and hedge funds.

About CSW Industrials

CSW Industrials, Inc (NYSE: CSW) is a diversified industrial company that develops, manufactures and sells products designed for professional trades, commercial and residential construction, and industrial maintenance applications. Its offerings are marketed primarily through established brands and distribution channels serving contractors, building professionals and industrial customers.

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