CSW Industrials (NYSE:CSW) Price Target Lowered to $290.00 at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has lowered the price target for CSW Industrials from $320.00 to $290.00, maintaining a "neutral" rating on the stock.
• The current consensus rating for CSW Industrials is "Hold" with an average price target of $313.80, despite various brokerages adjusting their price objectives recently.
• Insider trading reports reveal CEO Joseph B. Armes sold 1,000 shares of stock, decreasing his ownership by 1.60%, while total insider sales in the last three months amounted to nearly $1.5 million.

CSW Industrials (NYSE:CSW - Get Free Report) had its price target reduced by equities research analysts at JPMorgan Chase & Co. from $320.00 to $290.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a "neutral" rating on the basic materials company's stock. JPMorgan Chase & Co.'s price target indicates a potential upside of 12.52% from the stock's previous close.

A number of other brokerages have also weighed in on CSW. Truist Financial set a $273.00 price objective on CSW Industrials and gave the company a "hold" rating in a report on Tuesday, August 5th. Wells Fargo & Company cut their price objective on CSW Industrials from $305.00 to $285.00 and set an "equal weight" rating on the stock in a report on Friday, August 1st. Finally, Zacks Research raised CSW Industrials from a "hold" rating to a "strong-buy" rating in a report on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, CSW Industrials presently has a consensus rating of "Hold" and a consensus price target of $313.80.

CSW Industrials Trading Up 2.2%

Shares of NYSE:CSW opened at $257.73 on Friday. The business's 50-day moving average is $260.30 and its 200 day moving average is $287.62. 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 firm has a market capitalization of $4.33 billion, a P/E ratio of 30.79 and a beta of 0.92. CSW Industrials has a 1 year low of $238.49 and a 1 year high of $436.50.

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 for the quarter, beating analysts' consensus estimates of $2.62 by $0.23. The business had revenue of $263.65 million for the quarter, compared to analyst estimates of $278.27 million. CSW Industrials had a return on equity of 13.78% and a net margin of 15.18%. On average, research analysts predict that CSW Industrials will post 8.49 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $250.00, for a total value of $250,000.00. Following the sale, the chief executive officer directly owned 61,522 shares of the company's stock, valued at approximately $15,380,500. This trade represents a 1.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Don Sullivan sold 1,067 shares of the firm's stock in a transaction that occurred on 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 sale, the executive vice president directly owned 22,641 shares in the company, valued at approximately $6,410,572.74. The trade was a 4.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,412 shares of company stock valued at $1,497,397 in the last three months. 1.30% of the stock is currently owned by company insiders.

Institutional Trading of CSW Industrials

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC lifted its position in shares of CSW Industrials by 117.6% in the first quarter. GAMMA Investing LLC now owns 296 shares of the basic materials company's stock valued at $86,000 after acquiring an additional 160 shares in the last quarter. KBC Group NV lifted its position in shares of CSW Industrials by 19.0% in the first quarter. KBC Group NV now owns 840 shares of the basic materials company's stock valued at $245,000 after acquiring an additional 134 shares in the last quarter. Royal Bank of Canada lifted its position in shares of CSW Industrials by 7.7% in the first quarter. Royal Bank of Canada now owns 53,371 shares of the basic materials company's stock valued at $15,558,000 after acquiring an additional 3,835 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of CSW Industrials by 9.3% in the first quarter. Fifth Third Bancorp now owns 401 shares of the basic materials company's stock valued at $117,000 after acquiring an additional 34 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of CSW Industrials by 13.8% in the first quarter. Envestnet Asset Management Inc. now owns 60,449 shares of the basic materials company's stock valued at $17,622,000 after acquiring an additional 7,348 shares in the last quarter. 82.79% of the stock is owned by institutional investors and hedge funds.

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.

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