CSW Industrials, Inc. (NYSE:CSW) Stock Has Consensus Target Price of $342.71

Key Points

• Analysts maintain a “Moderate Buy” consensus on CSW Industrials, with six holds, one buy and two strong-buy ratings. The average 12-month price target is $342.71, above the stock’s $287.63 opening price.
• CSW Industrials reported quarterly EPS of $3.66, slightly below the $3.69 consensus estimate, while revenue rose 30.5% year over year to $361.44 million. Analysts expect full-year EPS of approximately $12.53.
• The company declared a quarterly dividend of $0.30 per share, equivalent to a $1.20 annualized payout and a 0.4% yield. Insiders have sold 3,720 shares worth $1.11 million over the past 90 days, while institutional investors own 82.79% of the stock.

Shares of CSW Industrials, Inc. (NYSE:CSW - Get Free Report) have earned an average rating of "Moderate Buy" from the nine research firms that are covering the stock, MarketBeat reports. Six analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $342.71.

Several equities analysts have recently weighed in on CSW shares. Wall Street Zen cut CSW Industrials from a "buy" rating to a "hold" rating in a report on Sunday, October 18th. JPMorgan Chase & Co. upped 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. Wells Fargo & Company lowered their price objective on shares of CSW Industrials from $320.00 to $290.00 and set an "equal weight" rating on the stock in a research note on Friday. Weiss Ratings restated a "hold (c+)" rating on shares of CSW Industrials in a research note on Friday. Finally, Truist Financial decreased their price objective on CSW Industrials from $332.00 to $328.00 and set a "hold" rating on the stock in a report on Monday.

CSW Industrials Stock Up 0.5%

NYSE CSW opened at $287.63 on Tuesday. The stock's 50 day moving average is $297.23 and its two-hundred day moving average is $290.74. The company has a current ratio of 2.70, a quick ratio of 1.36 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $4.69 billion, a price-to-earnings ratio of 36.97 and a beta of 0.81. CSW Industrials has a 1-year low of $236.66 and a 1-year high of $355.48.

CSW Industrials (NYSE:CSW - Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The basic materials company reported $3.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.69 by ($0.03). CSW Industrials had a net margin of 10.34% and a return on equity of 17.41%. The firm had revenue of $361.44 million for the quarter. During the same period in the prior year, the company earned $2.96 earnings per share. The firm's revenue was up 30.5% compared to the same quarter last year. Equities analysts forecast that CSW Industrials will post 12.53 earnings per share for the current fiscal year.

CSW Industrials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.4%. The ex-dividend date is Friday, October 30th. CSW Industrials's payout ratio is currently 15.42%.

Insider Buying and Selling at CSW Industrials

In related news, CEO Joseph Armes sold 1,500 shares of the 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 completion of the sale, the chief executive officer directly owned 64,083 shares in the company, valued at $18,394,384.32. This represents a 2.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jeff Underwood sold 720 shares of the 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 sale, the executive vice president owned 6,409 shares of the company's stock, valued at $2,223,666.64. The trade was a 10.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 3,720 shares of company stock valued at $1,114,741. 1.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of CSW. BlackRock Inc. acquired a new stake in CSW Industrials in the 2nd quarter valued at $686,462,000. First Trust Advisors LP raised its holdings in CSW Industrials by 14.5% during the first quarter. First Trust Advisors LP now owns 437,462 shares of the basic materials company's stock worth $113,994,000 after buying an additional 55,288 shares during the last quarter. Congress Asset Management Co. lifted its stake 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 valued at $86,879,000 after buying an additional 1,074 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of CSW Industrials by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 306,350 shares of the basic materials company's stock valued at $79,830,000 after buying an additional 2,459 shares in the last quarter. Finally, Jupiter Topco LLC bought a new position in shares of CSW Industrials in the second quarter valued at $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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