CSW Industrials (NYSE:CSW) Price Target Lowered to $285.00 at Wells Fargo & Company

Key Points

• Wells Fargo & Company has lowered its price target on CSW Industrials from $305.00 to $285.00, maintaining an "equal weight" rating, suggesting a potential upside of 14.74% from the previous close.
• Citigroup raised its price target on the company to $321.00 with a "neutral" rating, while the stock currently has a consensus hold rating and an average price target of $342.00.
• CSW Industrials recently reported earnings per share of $2.85 for the quarter, exceeding the consensus estimate, although revenues fell short of expectations at $263.65 million.

CSW Industrials (NYSE:CSW - Free Report) had its price target trimmed by Wells Fargo & Company from $305.00 to $285.00 in a report released on Friday,Benzinga reports. The firm currently has an equal weight rating on the basic materials company's stock.

Separately, Citigroup boosted their price target 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. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $319.75.

CSW Industrials Stock Performance

Shares of CSW traded up $4.16 during midday trading on Friday, reaching $252.26. 198,789 shares of the stock were exchanged, compared to its average volume of 122,478. 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. The company has a market capitalization of $4.24 billion, a price-to-earnings ratio of 30.14 and a beta of 0.91. The business's 50-day moving average price is $297.20 and its 200 day moving average price is $305.92.

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 for the quarter, compared to analyst estimates of $278.27 million. On average, sell-side analysts expect that CSW Industrials will post 8.49 EPS for the current fiscal year.

CSW Industrials Dividend Announcement

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 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 dividend payout ratio (DPR) is presently 12.90%.

Insider Activity

In related news, SVP Luke Alverson sold 919 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $305.49, for a total transaction of $280,745.31. Following the transaction, the senior vice president directly owned 13,434 shares of the company's stock, valued at approximately $4,103,952.66. The trade was a 6.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP James E. Perry sold 145 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $304.00, for a total value of $44,080.00. Following the completion of the transaction, the executive vice president owned 25,468 shares of the company's stock, valued at approximately $7,742,272. This represents a 0.57% decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,964 shares of company stock worth $1,839,555 in the last quarter. Insiders own 1.30% of the company's stock.

Institutional Trading of CSW Industrials

Institutional investors and hedge funds have recently bought and sold shares of the company. Argent Capital Management LLC grew its position in shares of CSW Industrials by 5.6% during the 2nd quarter. Argent Capital Management LLC now owns 2,180 shares of the basic materials company's stock valued at $625,000 after buying an additional 116 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of CSW Industrials by 44.6% during the second quarter. GAMMA Investing LLC now owns 428 shares of the basic materials company's stock valued at $123,000 after purchasing an additional 132 shares during the last quarter. Matrix Trust Co raised its position in shares of CSW Industrials by 91.1% during the 2nd 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 period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of CSW Industrials by 3.4% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,423 shares of the basic materials company's stock worth $1,003,000 after purchasing an additional 113 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its position in CSW Industrials by 2.4% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 30,578 shares of the basic materials company's stock valued at $8,771,000 after purchasing an additional 720 shares during the period. Institutional investors and hedge funds own 82.79% of the company's stock.

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.