Analysts Set CSW Industrials, Inc. (NYSE:CSW) PT at $319.75

Key Points

• CSW Industrials, Inc. has received an average consensus rating of "Hold" from five analysts, with four holding and one recommending a strong buy.
• The company reported earnings of $2.85 per share for the last quarter, surpassing expectations of $2.62, while revenue fell short at $263.65 million.
• CSW Industrials declared a quarterly dividend of $0.27 per share, reflecting an annualized yield of 0.4% with a low payout ratio of 12.90%.

Shares of CSW Industrials, Inc. (NYSE:CSW - Get Free Report) have earned an average rating of "Hold" from the five research firms that are covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $319.75.

CSW has been the subject of several recent analyst reports. Zacks Research upgraded shares of CSW Industrials from a "hold" rating to a "strong-buy" rating in a report on Tuesday, September 2nd. Citigroup raised their price objective on shares of CSW Industrials from $313.00 to $321.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Truist Financial set a $273.00 target price on shares of CSW Industrials and gave the company a "hold" rating in a research note on Tuesday, August 5th. Finally, Wells Fargo & Company reduced their target price on CSW Industrials from $305.00 to $285.00 and set an "equal weight" rating for the company in a report on Friday, August 1st.

CSW Industrials Stock Performance

Shares of CSW traded down $16.55 during trading hours on Thursday, reaching $250.02. 64,917 shares of the company's stock traded hands, compared to its average volume of 130,036. The firm has a market capitalization of $4.20 billion, a price-to-earnings ratio of 29.87 and a beta of 0.91. The business's fifty day simple moving average is $277.47 and its two-hundred day simple moving average is $293.54. CSW Industrials has a twelve month low of $241.99 and a twelve month high of $436.50. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.86 and a quick ratio of 1.48.

CSW Industrials (NYSE:CSW - Get Free Report) last announced its earnings results on Thursday, July 31st. The basic materials company reported $2.85 earnings per share (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 firm had revenue of $263.65 million during the quarter, compared to analyst estimates of $278.27 million. Analysts predict that CSW Industrials will post 8.49 earnings per share for the current year.

CSW Industrials Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Friday, July 25th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.4%. CSW Industrials's payout ratio is presently 12.90%.

Insiders Place Their Bets

In other news, EVP James E. Perry sold 145 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $275.05, for a total value of $39,882.25. Following the completion of the sale, the executive vice president directly owned 25,178 shares of the company's stock, valued at $6,925,208.90. This represents a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Don Sullivan sold 1,067 shares of the firm's stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $283.14, for a total transaction of $302,110.38. Following the sale, the executive vice president owned 22,641 shares of the company's stock, valued at approximately $6,410,572.74. This represents a 4.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,412 shares of company stock worth $1,247,397 over the last quarter. Company insiders own 1.30% of the company's stock.

Hedge Funds Weigh In On CSW Industrials

Hedge funds have recently modified their holdings of the stock. Conestoga Capital Advisors LLC raised its holdings in shares of CSW Industrials by 5.1% during the first quarter. Conestoga Capital Advisors LLC now owns 603,277 shares of the basic materials company's stock worth $175,867,000 after acquiring an additional 29,285 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position in CSW Industrials by 34.5% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 316,464 shares of the basic materials company's stock worth $92,256,000 after purchasing an additional 81,139 shares during the last quarter. Champlain Investment Partners LLC purchased a new stake in shares of CSW Industrials during the 1st quarter worth about $81,194,000. Northern Trust Corp lifted its holdings in shares of CSW Industrials by 0.3% during the 1st quarter. Northern Trust Corp now owns 218,208 shares of the basic materials company's stock valued at $63,612,000 after buying an additional 553 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of CSW Industrials by 14.2% in the 1st quarter. Invesco Ltd. now owns 134,726 shares of the basic materials company's stock valued at $39,275,000 after buying an additional 16,737 shares in the last quarter. 82.79% of the stock is owned by institutional investors and hedge funds.

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.