CSW Industrials, Inc. (NYSE:CSW) Given Average Recommendation of "Hold" by Brokerages

Key Points

• CSW Industrials, Inc. has received a consensus recommendation of "Hold" from seven brokerages, with an average target price of $302.40.
• Recent selling by company insiders includes EVP James E. Perry and Don Sullivan, who collectively sold over 1,200 shares of the company's stock.
• The firm announced a quarterly dividend of $0.27 per share, to be paid on November 14th, representing an annualized yield of 0.4%.

Shares of CSW Industrials, Inc. (NYSE:CSW - Get Free Report) have received a consensus recommendation of "Hold" from the seven brokerages that are presently covering the stock, MarketBeat reports. Seven analysts have rated the stock with a hold rating. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $302.40.

A number of equities analysts have recently weighed in on the company. Weiss Ratings reiterated a "hold (c+)" rating on shares of CSW Industrials in a report on Tuesday, October 14th. JPMorgan Chase & Co. dropped their target price on CSW Industrials from $320.00 to $290.00 and set a "neutral" rating on the stock in a report on Friday, October 3rd. Zacks Research downgraded CSW Industrials from a "strong-buy" rating to a "hold" rating in a report on Wednesday, October 8th. Truist Financial upped their target price on CSW Industrials from $273.00 to $276.00 and gave the company a "hold" rating in a report on Wednesday, October 8th. Finally, Citigroup dropped their target price on CSW Industrials from $269.00 to $261.00 and set a "neutral" rating on the stock in a report on Thursday, October 9th.

Insiders Place Their Bets

In other news, EVP James E. Perry sold 145 shares of the company's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $275.05, for a total value of $39,882.25. Following the transaction, the executive vice president owned 25,178 shares in the company, valued at $6,925,208.90. This represents a 0.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Don Sullivan sold 1,067 shares of the company's stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $283.14, for a total value of $302,110.38. Following the completion of the transaction, the executive vice president owned 22,641 shares in the company, valued at $6,410,572.74. This represents a 4.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,412 shares of company stock worth $901,427 over the last quarter. Company insiders own 1.30% of the company's stock.

Hedge Funds Weigh In On CSW Industrials

A number of hedge funds have recently added to or reduced their stakes in CSW. GAMMA Investing LLC increased its holdings in CSW Industrials by 117.6% in the first quarter. GAMMA Investing LLC now owns 296 shares of the basic materials company's stock worth $86,000 after buying an additional 160 shares during the last quarter. Bessemer Group Inc. increased its holdings in CSW Industrials by 5,715.2% in the first quarter. Bessemer Group Inc. now owns 4,594 shares of the basic materials company's stock worth $1,339,000 after buying an additional 4,515 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in CSW Industrials by 1.1% in the first quarter. Sequoia Financial Advisors LLC now owns 3,122 shares of the basic materials company's stock worth $910,000 after buying an additional 34 shares during the last quarter. KBC Group NV increased its holdings in CSW Industrials by 19.0% in the first quarter. KBC Group NV now owns 840 shares of the basic materials company's stock worth $245,000 after buying an additional 134 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in CSW Industrials by 2.4% during the first quarter. Principal Financial Group Inc. now owns 91,204 shares of the basic materials company's stock valued at $26,588,000 after purchasing an additional 2,143 shares during the last quarter. Institutional investors and hedge funds own 82.79% of the company's stock.

CSW Industrials Price Performance

CSW stock opened at $242.06 on Friday. The company has a current ratio of 2.86, a quick ratio of 1.48 and a debt-to-equity ratio of 0.09. CSW Industrials has a one year low of $230.45 and a one year high of $436.50. The firm has a market capitalization of $4.07 billion, a PE ratio of 28.92 and a beta of 0.92. The firm has a 50-day moving average of $253.20 and a two-hundred day moving average of $282.68.

CSW Industrials (NYSE:CSW - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The basic materials company reported $2.85 EPS for the quarter, beating analysts' consensus estimates of $2.62 by $0.23. CSW Industrials had a net margin of 15.18% and a return on equity of 13.78%. The company had revenue of $263.65 million during the quarter, compared to analyst estimates of $278.27 million. On average, analysts forecast that CSW Industrials will post 8.49 earnings per share for the current year.

CSW Industrials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 31st will be issued a $0.27 dividend. The ex-dividend date is Friday, October 31st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.4%. CSW Industrials's dividend payout ratio is currently 12.90%.

About CSW Industrials

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.

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