CSW Industrials, Inc. (NASDAQ:CSWI) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of CSW Industrials, Inc. (NASDAQ:CSWI) have received an average recommendation of “Hold” from the four analysts that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $384.67.

CSWI has been the topic of a number of recent research reports. StockNews.com cut shares of CSW Industrials from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. The Goldman Sachs Group reduced their target price on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Truist Financial started coverage on CSW Industrials in a report on Friday. They set a “hold” rating and a $362.00 price target on the stock. Citigroup dropped their price target on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. Finally, Wells Fargo & Company decreased their price objective on CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st.

Insider Activity at CSW Industrials

In related news, Director Robert M. Swartz sold 200 shares of CSW Industrials stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $354.65, for a total value of $70,930.00. Following the sale, the director now directly owns 13,719 shares in the company, valued at $4,865,443.35. The trade was a 1.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $389.78, for a total value of $389,780.00. Following the transaction, the chief executive officer now directly owns 49,698 shares in the company, valued at $19,371,286.44. This represents a 1.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,103 shares of company stock worth $3,437,104 over the last 90 days. Company insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On CSW Industrials

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Truist Financial Corp purchased a new position in CSW Industrials during the 2nd quarter valued at about $203,000. GAMMA Investing LLC increased its position in CSW Industrials by 105.9% during the third quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company’s stock worth $26,000 after buying an additional 36 shares in the last quarter. Creative Planning increased its position in CSW Industrials by 38.2% during the 3rd quarter. Creative Planning now owns 7,387 shares of the basic materials company’s stock worth $2,707,000 after purchasing an additional 2,041 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in CSW Industrials in the 3rd quarter valued at about $30,000. Finally, Blue Trust Inc. lifted its holdings in CSW Industrials by 2,518.2% in the 3rd quarter. Blue Trust Inc. now owns 288 shares of the basic materials company’s stock valued at $106,000 after purchasing an additional 277 shares in the last quarter. 82.79% of the stock is currently owned by institutional investors and hedge funds.

CSW Industrials Trading Up 0.3 %

Shares of CSWI stock traded up $0.87 on Friday, reaching $318.28. 5,283 shares of the stock were exchanged, compared to its average volume of 116,510. CSW Industrials has a twelve month low of $221.10 and a twelve month high of $436.50. The company has a market capitalization of $5.34 billion, a price-to-earnings ratio of 38.04 and a beta of 0.84. The business’s 50 day moving average price is $362.71 and its 200 day moving average price is $360.72.

CSW Industrials (NASDAQ:CSWI) last announced its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.37 by $0.11. CSW Industrials had a net margin of 15.53% and a return on equity of 15.72%. Equities research analysts forecast that CSW Industrials will post 8.59 earnings per share for the current year.

CSW Industrials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.96 annualized dividend and a yield of 0.30%. CSW Industrials’s dividend payout ratio is currently 11.47%.

About CSW Industrials

CSW Industrials, Inc operates as a diversified industrial company in the United States and internationally. It operates through three segments: Contractor Solutions, Engineered Building Solutions, and Specialized Reliability Solutions. The Contractor Solutions segment provides condensate pads, pans, pumps, switches, and traps; cements, diffusers, grilles, registers, solvents, thread sealants, and vents; line set covers; refrigerant caps; wire pulling head tools; electrical protection, chemical maintenance, and installation supplies for HVAC; ductless mini-split systems installation support tools and accessories; and drain waste and vent system products for use in HVAC/R, plumbing, general industrial, architecturally specified building products.