CSW Industrials, Inc. (NYSE:CSW) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Analysts give CSW Industrials a “Moderate Buy” consensus based on nine ratings, with an average 12-month price target of approximately $347.57.
• The company exceeded quarterly earnings expectations, reporting $3.84 in EPS versus the $3.66 consensus, while revenue rose 33% year over year to $350.65 million.
• CSW Industrials declared a quarterly dividend of $0.30, equivalent to an annualized $1.20 payout and a 0.4% yield; institutional investors own 82.79% of the stock.

CSW Industrials, Inc. (NYSE:CSW - Get Free Report) has received a consensus rating of "Moderate Buy" from the nine analysts that are covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $347.5714.

Several research analysts recently weighed in on the stock. Weiss Ratings raised shares of CSW Industrials from a "hold (c)" rating to a "hold (c+)" 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 research note on Monday, July 27th. JPMorgan Chase & Co. lifted their price target on shares of CSW Industrials from $350.00 to $380.00 and gave the stock an "overweight" rating in a report on Friday, July 31st. Citigroup boosted their price objective on shares of CSW Industrials from $304.00 to $340.00 and gave the company a "neutral" rating in a research report on Monday, August 3rd. Finally, Wells Fargo & Company upped their price objective on shares of CSW Industrials from $285.00 to $320.00 and gave the company an "equal weight" rating in a research note on Friday, July 31st.

CSW Industrials Trading Down 0.3%

Shares of CSW Industrials stock opened at $299.71 on Monday. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.70 and a quick ratio of 1.36. CSW Industrials has a 1 year low of $230.45 and a 1 year high of $355.48. The company has a market capitalization of $4.88 billion, a P/E ratio of 41.11 and a beta of 0.81. The business has a 50 day moving average price of $310.07 and a 200 day moving average price of $287.43.

CSW Industrials (NYSE:CSW - Get Free Report) last announced its earnings results on Thursday, July 30th. The basic materials company reported $3.84 EPS for the quarter, beating analysts' consensus estimates of $3.66 by $0.18. The firm 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 company's revenue was up 33.0% on a year-over-year basis. Sell-side analysts anticipate that CSW Industrials 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. Shareholders of record on Friday, July 31st were issued a $0.30 dividend. The ex-dividend date was Friday, July 31st. This represents a $1.20 annualized dividend and a yield of 0.4%. CSW Industrials's payout ratio is 16.46%.

Insider Buying and Selling at CSW Industrials

In other CSW Industrials news, 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 transaction of $249,811.20. Following the transaction, the executive vice president owned 6,409 shares of the company's stock, valued at $2,223,666.64. This represents a 10.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On CSW Industrials

Several large investors have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC boosted its stake in CSW Industrials by 10.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 3,534 shares of the basic materials company's stock worth $984,000 after buying an additional 320 shares during the last quarter. Tidal Investments LLC lifted its holdings in shares of CSW Industrials by 30.9% during the 2nd quarter. Tidal Investments LLC now owns 56,251 shares of the basic materials company's stock worth $15,655,000 after acquiring an additional 13,287 shares during the period. Engineers Gate Manager LP acquired a new stake in shares of CSW Industrials in the second quarter worth approximately $429,000. Nykredit A S purchased a new stake in CSW Industrials in the second quarter valued at approximately $131,000. Finally, HighTower Advisors LLC increased its position in CSW Industrials by 1,431.5% during the second quarter. HighTower Advisors LLC now owns 20,767 shares of the basic materials company's stock worth $5,779,000 after purchasing an additional 19,411 shares during the last quarter. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

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.

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