CSW Industrials, Inc. (NASDAQ:CSWI) Receives $347.00 Average Price Target from Brokerages

Shares of CSW Industrials, Inc. (NASDAQ:CSWI - Get Free Report) have been assigned an average recommendation of "Hold" from the five analysts that are currently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $347.00.

CSWI has been the topic of several recent analyst reports. Citigroup lifted their target price on shares of CSW Industrials from $313.00 to $321.00 and gave the stock a "neutral" rating in a research report on Friday. Truist Financial assumed coverage on CSW Industrials in a report on Friday, February 14th. They set a "hold" rating and a $362.00 price target on the stock. Wells Fargo & Company boosted their price objective on CSW Industrials from $295.00 to $305.00 and gave the stock an "equal weight" rating in a research report on Friday. Finally, Wall Street Zen lowered CSW Industrials from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd.

CSW Industrials Trading Up 4.2%

CSW Industrials stock traded up $12.71 during trading on Friday, hitting $313.62. 146,089 shares of the company were exchanged, compared to its average volume of 136,161. The company has a market capitalization of $5.26 billion, a P/E ratio of 37.47 and a beta of 0.96. The business's 50 day moving average is $302.35 and its 200 day moving average is $337.84. CSW Industrials has a 52 week low of $248.90 and a 52 week high of $436.50.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last announced its earnings results on Thursday, May 22nd. The basic materials company reported $2.24 EPS for the quarter, beating the consensus estimate of $2.23 by $0.01. CSW Industrials had a net margin of 15.53% and a return on equity of 15.72%. The company had revenue of $230.55 million during the quarter, compared to the consensus estimate of $232.82 million. During the same quarter in the prior year, the company posted $2.04 earnings per share. Equities analysts expect 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. Investors of record on Friday, April 25th were paid a $0.27 dividend. This is an increase from CSW Industrials's previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Friday, April 25th. This represents a $1.08 annualized dividend and a yield of 0.34%. CSW Industrials's dividend payout ratio is presently 12.90%.

Insider Buying and Selling at CSW Industrials

In other news, CFO James E. Perry sold 145 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $307.77, for a total value of $44,626.65. Following the sale, the chief financial officer now directly owns 23,282 shares of the company's stock, valued at approximately $7,165,501.14. This represents a 0.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $289.97, for a total transaction of $289,970.00. Following the completion of the sale, the chief executive officer now owns 46,848 shares in the company, valued at $13,584,514.56. This represents a 2.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,276 shares of company stock valued at $3,093,736. Company insiders own 1.40% of the company's stock.

Institutional Investors Weigh In On CSW Industrials

Large investors have recently added to or reduced their stakes in the business. Champlain Investment Partners LLC purchased a new stake in shares of CSW Industrials during the 1st quarter valued at $81,194,000. Proficio Capital Partners LLC grew its position in CSW Industrials by 35,553.3% during the 4th quarter. Proficio Capital Partners LLC now owns 202,154 shares of the basic materials company's stock worth $71,320,000 after acquiring an additional 201,587 shares during the last quarter. Norges Bank bought a new position in shares of CSW Industrials in the fourth quarter worth approximately $59,250,000. GAMMA Investing LLC increased its position in shares of CSW Industrials by 63,348.5% in the first quarter. GAMMA Investing LLC now owns 86,290 shares of the basic materials company's stock valued at $25,155,000 after acquiring an additional 86,154 shares during the period. Finally, Nuveen LLC purchased a new position in CSW Industrials during the 1st quarter valued at about $24,711,000. 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.