CSW Industrials, Inc. (NYSE:CSW) Stock Has Consensus Price Target of $347.57

Key Points

• Analysts rate CSW Industrials a “Moderate Buy”, with six holds, one buy, and two strong-buy ratings. The average 12-month price target is $347.57, above the reported opening price of $287.50.
• CSW Industrials reported quarterly EPS of $3.84, exceeding the $3.66 consensus estimate, while revenue rose 33% year over year to $350.65 million.
• The company declared a quarterly dividend of $0.30 per share, equivalent to a $1.20 annualized payout and a 0.4% yield; institutional investors own 82.79% of outstanding shares.

Shares of CSW Industrials, Inc. (NYSE:CSW - Get Free Report) have been assigned an average rating of "Moderate Buy" from the nine analysts that are presently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $347.57.

A number of research analysts recently issued reports on CSW shares. Weiss Ratings raised shares of CSW Industrials from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday, August 3rd. Zacks Research downgraded 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 target price on shares of CSW Industrials from $350.00 to $380.00 and gave the company an "overweight" rating in a report on Friday, July 31st. Wells Fargo & Company boosted their price target on CSW Industrials from $285.00 to $320.00 and gave the stock an "equal weight" rating in a research report on Friday, July 31st. Finally, Citigroup upped their price target on CSW Industrials from $304.00 to $340.00 and gave the stock a "neutral" rating in a research note on Monday, August 3rd.

CSW Industrials Price Performance

Shares of CSW stock opened at $287.50 on Friday. The business's fifty day moving average is $313.16 and its 200 day moving average is $290.20. The company has a quick ratio of 1.36, a current ratio of 2.70 and a debt-to-equity ratio of 0.77. The stock has a market cap of $4.68 billion, a price-to-earnings ratio of 39.44 and a beta of 0.81. CSW Industrials has a twelve month low of $230.45 and a twelve month high of $355.48.

CSW Industrials (NYSE:CSW - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.84 EPS for the quarter, beating the consensus estimate of $3.66 by $0.18. The business had revenue of $350.65 million during the quarter. CSW Industrials had a return on equity of 17.41% and a net margin of 10.34%.CSW Industrials's quarterly revenue was up 33.0% compared to the same quarter last year. Research analysts expect that CSW Industrials will post 12.53 EPS for the current fiscal year.

CSW Industrials Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were issued a dividend of $0.30 per share. The ex-dividend date was Friday, July 31st. This represents a $1.20 annualized dividend and a dividend yield of 0.4%. CSW Industrials's dividend payout ratio (DPR) is presently 16.46%.

Insider Activity

In related news, CEO Joseph Armes sold 1,500 shares of the stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $289.58, for a total transaction of $434,370.00. Following the sale, the chief executive officer directly owned 62,736 shares of the company's stock, valued at approximately $18,167,090.88. This represents a 2.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jeff Underwood sold 720 shares of the firm's stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $346.96, for a total transaction of $249,811.20. Following the sale, 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 ownership of the stock. The SEC filing for this sale provides additional information. 1.20% of the stock is owned by insiders.

Institutional Investors Weigh In On CSW Industrials

Several institutional investors and hedge funds have recently made changes to their positions in CSW. BlackRock Inc. purchased a new position in shares of CSW Industrials during the second quarter valued at approximately $686,462,000. Wasatch Advisors LP boosted its stake in shares of CSW Industrials by 31.1% in the 1st quarter. Wasatch Advisors LP now owns 873,659 shares of the basic materials company's stock worth $227,658,000 after buying an additional 207,186 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of CSW Industrials by 14.5% in the first 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. Congress Asset Management Co. grew its holdings in shares of CSW Industrials by 0.4% in the third 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 period. Finally, First Manhattan CO. LLC. purchased a new stake in CSW Industrials during the fourth quarter valued at $80,257,000. Institutional investors own 82.79% of the company's stock.

CSW Industrials Company Profile

CSW Industrials, Inc is a diversified industrial products company headquartered in Dallas, Texas. The company develops, manufactures and sells products used in the maintenance, repair, construction and improvement of residential, commercial and industrial infrastructure.

CSW Industrials operates through three primary business segments: Contractor Solutions, Engineered Building Solutions and Specialized Reliability Solutions. Its product portfolio includes HVAC and refrigeration products, plumbing and electrical solutions, adhesives, sealants, coatings, fire- and smoke-protection products, roofing materials, building components and specialty products designed to support the reliability and performance of industrial equipment and infrastructure.

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