CSW Industrials, Inc. (NASDAQ:CSWI) Receives $342.50 Consensus Target Price from Analysts

CSW Industrials, Inc. (NASDAQ:CSWI - Get Free Report) has earned an average rating of "Hold" from the five brokerages that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $342.50.

A number of research analysts have recently issued reports on CSWI shares. The Goldman Sachs Group dropped their target price on CSW Industrials from $450.00 to $400.00 and set a "neutral" rating on the stock in a report on Tuesday, January 14th. Wells Fargo & Company cut their price objective on shares of CSW Industrials from $350.00 to $295.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. Citigroup lowered their target price on shares of CSW Industrials from $364.00 to $313.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Truist Financial initiated coverage on shares of CSW Industrials in a report on Friday, February 14th. They set a "hold" rating and a $362.00 price target for the company. Finally, StockNews.com lowered CSW Industrials from a "buy" rating to a "hold" rating in a report on Monday, February 3rd.

CSW Industrials Stock Performance

CSW Industrials stock traded down $0.94 during midday trading on Wednesday, hitting $320.00. 9,663 shares of the company's stock were exchanged, compared to its average volume of 123,267. The firm's 50 day simple moving average is $295.35 and its 200 day simple moving average is $344.67. CSW Industrials has a 12-month low of $239.67 and a 12-month high of $436.50. The stock has a market cap of $5.37 billion, a price-to-earnings ratio of 38.23 and a beta of 0.96.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.11. CSW Industrials had a return on equity of 15.72% and a net margin of 15.53%. On average, equities research analysts forecast that CSW Industrials will post 8.49 EPS for the current fiscal year.

CSW Industrials Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 25th will be given a dividend of $0.27 per share. This is a positive change from CSW Industrials's previous quarterly dividend of $0.24. This represents a $1.08 annualized dividend and a yield of 0.34%. The ex-dividend date of this dividend is Friday, April 25th. CSW Industrials's dividend payout ratio is presently 12.90%.

Insider Activity

In related news, Director Robert M. Swartz sold 200 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $307.21, for a total value of $61,442.00. Following the completion of the transaction, the director now directly owns 13,319 shares of the company's stock, valued at $4,091,729.99. This trade represents a 1.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Luke Alverson sold 1,100 shares of the business's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $292.12, for a total value of $321,332.00. Following the sale, the senior vice president now owns 13,434 shares in the company, valued at approximately $3,924,340.08. The trade was a 7.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 8,776 shares of company stock worth $2,595,496. Company insiders own 1.40% of the company's stock.

Institutional Investors Weigh In On CSW Industrials

A number of large investors have recently added to or reduced their stakes in the business. Morse Asset Management Inc grew its position in shares of CSW Industrials by 2.3% in the third quarter. Morse Asset Management Inc now owns 1,621 shares of the basic materials company's stock valued at $594,000 after purchasing an additional 36 shares during the last quarter. Barclays PLC increased its position in CSW Industrials by 431.2% during the third quarter. Barclays PLC now owns 29,272 shares of the basic materials company's stock worth $10,725,000 after buying an additional 23,761 shares in the last quarter. Anchor Investment Management LLC raised its holdings in shares of CSW Industrials by 2.5% in the third quarter. Anchor Investment Management LLC now owns 1,287 shares of the basic materials company's stock worth $472,000 after acquiring an additional 32 shares during the last quarter. Tidal Investments LLC lifted its position in shares of CSW Industrials by 142.7% in the third quarter. Tidal Investments LLC now owns 3,526 shares of the basic materials company's stock valued at $1,292,000 after acquiring an additional 2,073 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of CSW Industrials by 2,006.7% during the third quarter. Franklin Resources Inc. now owns 57,617 shares of the basic materials company's stock valued at $22,702,000 after acquiring an additional 54,882 shares during the last quarter. 82.79% of the stock is owned by institutional investors and hedge funds.

CSW Industrials Company Profile

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.