CSW Industrials (NYSE:CSW) Reaches New 12-Month Low After Analyst Downgrade

Key Points

• CSW Industrials shares hit a new 52-week low at $248.28 and last traded at $251.99, with a volume of 22,238 shares.
• Despite the decline, Wall Street analysts maintain a consensus rating of "Hold" with a price target of $347.00, showing optimism for potential growth.
• The company declared a quarterly dividend of $0.27, reflecting a 0.4% dividend yield and a low payout ratio of 12.84%.

CSW Industrials, Inc. (NYSE:CSW - Get Free Report) reached a new 52-week low during trading on Friday after Truist Financial lowered their price target on the stock from $337.00 to $273.00. Truist Financial currently has a hold rating on the stock. CSW Industrials traded as low as $248.28 and last traded at $251.99, with a volume of 22238 shares. The stock had previously closed at $259.48.

CSW has been the subject of several other research 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 note on Friday, May 23rd. Wells Fargo & Company decreased 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. Five investment analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $319.75.

Insider Buying and Selling

In related news, Director Robert M. Swartz sold 200 shares of CSW Industrials stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $250.37, for a total value of $50,074.00. Following the completion of the sale, the director directly owned 12,319 shares in the company, valued at approximately $3,084,308.03. This trade represents a 1.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Luke Alverson sold 919 shares of CSW Industrials stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $305.49, for a total value of $280,745.31. Following the completion of the sale, the senior vice president owned 13,434 shares of the company's stock, valued at $4,103,952.66. The trade was a 6.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,964 shares of company stock worth $1,839,555 in the last three months. 1.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CSW. Matrix Trust Co boosted its position in CSW Industrials by 91.1% in the second quarter. Matrix Trust Co now owns 86 shares of the basic materials company's stock worth $25,000 after purchasing an additional 41 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in CSW Industrials by 517.6% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 105 shares of the basic materials company's stock worth $31,000 after purchasing an additional 88 shares during the last quarter. Versant Capital Management Inc boosted its position in CSW Industrials by 526.3% in the first quarter. Versant Capital Management Inc now owns 119 shares of the basic materials company's stock worth $35,000 after purchasing an additional 100 shares during the last quarter. Whittier Trust Co. purchased a new position in CSW Industrials in the first quarter worth about $59,000. Finally, Harbor Investment Advisory LLC lifted its position in shares of CSW Industrials by 27.3% during the 2nd quarter. Harbor Investment Advisory LLC now owns 275 shares of the basic materials company's stock valued at $79,000 after buying an additional 59 shares in the last quarter. 82.79% of the stock is owned by hedge funds and other institutional investors.

CSW Industrials Stock Up 1.7%

The company's fifty day moving average is $297.20 and its 200-day moving average is $305.92. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.48 and a current ratio of 2.86. The company has a market capitalization of $4.24 billion, a PE ratio of 30.14 and a beta of 0.91.

CSW Industrials (NYSE:CSW - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The basic materials company reported $2.85 earnings per share (EPS) for the quarter, topping 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 analysts' expectations of $278.27 million. As a group, analysts predict that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Friday, July 25th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.4%. CSW Industrials's dividend payout ratio (DPR) is presently 12.90%.

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.