CSW Industrials, Inc. (NASDAQ:CSWI) Receives Consensus Rating of "Hold" from Brokerages

Shares of CSW Industrials, Inc. (NASDAQ:CSWI - Get Free Report) have received a consensus rating of "Hold" from the five analysts that are currently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $347.00.

A number of research analysts recently weighed in on CSWI shares. Wall Street Zen downgraded shares of CSW Industrials from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Truist Financial started coverage on shares of CSW Industrials in a research note on Friday, February 14th. They issued a "hold" rating and a $362.00 price objective for the company. Citigroup raised their target price on shares of CSW Industrials from $313.00 to $321.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. Finally, Wells Fargo & Company lifted their price target on shares of CSW Industrials from $295.00 to $305.00 and gave the company an "equal weight" rating in a report on Friday, May 23rd.

CSW Industrials Stock Down 0.4%

Shares of NASDAQ:CSWI traded down $1.27 during trading on Friday, reaching $305.09. 7,769 shares of the company traded hands, compared to its average volume of 119,239. CSW Industrials has a 1-year low of $248.90 and a 1-year high of $436.50. The firm has a fifty day simple moving average of $303.04 and a 200 day simple moving average of $337.46. The firm has a market cap of $5.12 billion, a P/E ratio of 36.45 and a beta of 0.96.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last announced its quarterly earnings data on Thursday, May 22nd. The basic materials company reported $2.24 EPS for the quarter, beating analysts' consensus estimates of $2.23 by $0.01. The business had revenue of $230.55 million during the quarter, compared to analyst estimates of $232.82 million. CSW Industrials had a net margin of 15.53% and a return on equity of 15.72%. During the same quarter in the prior year, the business earned $2.04 earnings per share. As a group, research analysts anticipate that CSW Industrials will post 8.49 EPS for the current year.

CSW Industrials Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, April 25th were given a $0.27 dividend. This is a positive change from CSW Industrials's previous quarterly dividend of $0.24. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date was Friday, April 25th. CSW Industrials's dividend payout ratio (DPR) is 12.84%.

Insider Buying and Selling at CSW Industrials

In other news, Director Robert M. Swartz sold 200 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $307.21, for a total value of $61,442.00. Following the sale, the director now directly owns 13,319 shares of the company's stock, valued at $4,091,729.99. This represents a 1.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO James E. Perry sold 145 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $307.77, for a total transaction of $44,626.65. Following the transaction, the chief financial officer now owns 23,282 shares in the company, valued at $7,165,501.14. This represents a 0.62% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,195 shares of company stock worth $3,684,651 over the last three months. 1.40% of the stock is owned by insiders.

Institutional Investors Weigh In On CSW Industrials

Institutional investors and hedge funds have recently modified their holdings of the stock. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in CSW Industrials by 517.6% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 105 shares of the basic materials company's stock worth $31,000 after buying an additional 88 shares during the period. IFP Advisors Inc boosted its stake in shares of CSW Industrials by 510.5% during the fourth quarter. IFP Advisors Inc now owns 116 shares of the basic materials company's stock valued at $42,000 after purchasing an additional 97 shares during the period. Versant Capital Management Inc boosted its stake in shares of CSW Industrials by 526.3% during the first quarter. Versant Capital Management Inc now owns 119 shares of the basic materials company's stock valued at $35,000 after purchasing an additional 100 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of CSW Industrials during the fourth quarter valued at $51,000. Finally, Jones Financial Companies Lllp boosted its stake in shares of CSW Industrials by 300.0% during the fourth quarter. Jones Financial Companies Lllp now owns 164 shares of the basic materials company's stock valued at $58,000 after purchasing an additional 123 shares during the period. Institutional investors own 82.79% of the company's stock.

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.