CSW Industrials (NYSE:CSW) Given New $326.00 Price Target at Citigroup

Key Points

• Citigroup lowered its price target for CSW Industrials from $340 to $326 while maintaining a “neutral” rating, implying approximately 14.7% upside from the stock’s $284.25 price. Analysts’ consensus remains “Moderate Buy,” with an average target of $340.71.
• CSW Industrials reported quarterly revenue of $361.44 million, up 30.5% year over year, but earnings of $3.66 per share narrowly missed the $3.69 consensus estimate.
• Insiders sold 3,720 shares worth about $1.11 million over the past 90 days, while institutional investors own a substantial 82.79% of the company’s outstanding stock.

CSW Industrials (NYSE:CSW - Get Free Report) had its target price dropped by equities research analysts at Citigroup from $340.00 to $326.00 in a report issued on Tuesday, Benzinga reports. The firm currently has a "neutral" rating on the basic materials company's stock. Citigroup's price target suggests a potential upside of 14.69% from the stock's current price.

A number of other equities analysts have also commented on CSW. Weiss Ratings restated a "hold (c+)" rating on shares of CSW Industrials in a research note on Friday. Wells Fargo & Company cut their target price on CSW Industrials from $320.00 to $290.00 and set an "equal weight" rating for the company in a research report on Friday. JPMorgan Chase & Co. increased their target price on CSW Industrials from $350.00 to $380.00 and gave the stock an "overweight" rating in a report on Friday, July 31st. Truist Financial decreased their price target on CSW Industrials from $332.00 to $328.00 and set a "hold" rating on the stock in a research report on Monday. Finally, Zacks Research downgraded CSW Industrials from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 27th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $340.71.

CSW Industrials Stock Performance

CSW Industrials stock traded down $2.79 during midday trading on Tuesday, hitting $284.25. The company's stock had a trading volume of 37,695 shares, compared to its average volume of 143,751. CSW Industrials has a 1-year low of $236.66 and a 1-year high of $355.48. 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 company has a 50-day moving average price of $297.23 and a two-hundred day moving average price of $290.74. The company has a market cap of $4.63 billion, a price-to-earnings ratio of 36.54 and a beta of 0.81.

CSW Industrials (NYSE:CSW - Get Free Report) last announced its earnings results on Thursday, October 29th. The basic materials company reported $3.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.69 by ($0.03). CSW Industrials had a return on equity of 17.41% and a net margin of 10.34%. The business had revenue of $361.44 million for the quarter. During the same quarter in the previous year, the firm posted $2.96 EPS. The firm's quarterly revenue was up 30.5% on a year-over-year basis. As a group, sell-side analysts predict that CSW Industrials will post 12.53 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Joseph B. Armes sold 1,500 shares of CSW Industrials stock in a transaction on 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 in the company, valued at approximately $18,394,384.32. This trade represents a 2.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jeff Underwood sold 720 shares of CSW Industrials stock in a transaction on Monday, August 10th. The shares were 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 in the company, valued at approximately $2,223,666.64. The trade was a 10.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 3,720 shares of company stock worth $1,114,741. Company insiders own 1.20% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CSW. BlackRock Inc. acquired a new stake in shares of CSW Industrials in the 2nd quarter valued at approximately $686,462,000. First Trust Advisors LP raised its holdings in 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 valued at $113,994,000 after buying an additional 55,288 shares during the last quarter. Congress Asset Management Co. grew its holdings in CSW Industrials by 0.4% during the 3rd quarter. Congress Asset Management Co. now owns 301,580 shares of the basic materials company's stock worth $86,879,000 after acquiring an additional 1,074 shares during the last quarter. Dimensional Fund Advisors LP increased its position in CSW Industrials by 0.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 306,350 shares of the basic materials company's stock valued at $79,830,000 after acquiring an additional 2,459 shares during the period. Finally, Jupiter Topco LLC acquired a new position in CSW Industrials in the 2nd quarter valued at approximately $36,656,000. Institutional investors and hedge funds own 82.79% of the company's stock.

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.

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