CSW Industrials (NYSE:CSW) Reaches New 12-Month Low - Time to Sell?

Key Points

• CSW Industrials shares reached a new 52-week low, trading as low as $241.97, prompting speculation on whether now is the time to sell.
• Brokerage ratings have fluctuated, with Wells Fargo reducing its price target to $285.00 while Zacks upgraded the stock to a "strong buy," reflecting mixed sentiments on its outlook.
• The company announced a quarterly dividend of $0.27 per share, indicating a modest annual yield of 0.4%, while insiders recently sold portions of their holdings, raising potential concerns about stock confidence.

Shares of CSW Industrials, Inc. (NYSE:CSW - Get Free Report) reached a new 52-week low on Thursday . The company traded as low as $241.97 and last traded at $243.06, with a volume of 55542 shares traded. The stock had previously closed at $246.14.

Analyst Ratings Changes

Several brokerages have recently commented on CSW. Wells Fargo & Company cut their price target on CSW Industrials from $305.00 to $285.00 and set an "equal weight" rating on the stock in a research note on Friday, August 1st. Zacks Research raised CSW Industrials from a "hold" rating to a "strong-buy" rating in a report on Tuesday, September 2nd. Finally, Truist Financial set a $273.00 target price on CSW Industrials and gave the stock a "hold" rating in a report on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, CSW Industrials currently has an average rating of "Hold" and an average target price of $319.75.

CSW Industrials Trading Down 1.1%

The company has a 50 day moving average of $265.18 and a 200 day moving average of $289.47. 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 stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of 29.09 and a beta of 0.91.

CSW Industrials (NYSE:CSW - Get Free Report) last issued its earnings results on Thursday, July 31st. The basic materials company reported $2.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.62 by $0.23. The company had revenue of $263.65 million during the quarter, compared to analysts' expectations 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, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Announces Dividend

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

Insider Transactions at CSW Industrials

In other CSW Industrials news, EVP Don Sullivan sold 1,067 shares of the stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $283.14, for a total value of $302,110.38. Following the sale, the executive vice president owned 22,641 shares of the company's stock, valued at $6,410,572.74. This trade represents a 4.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert M. Swartz sold 200 shares of the stock in a transaction dated Friday, August 1st. The shares were 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 $3,084,308.03. This represents a 1.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,412 shares of company stock worth $1,497,397 in the last 90 days. Insiders own 1.30% of the company's stock.

Institutional Investors Weigh In On CSW Industrials

A number of hedge funds have recently bought and sold shares of the stock. Argent Capital Management LLC raised its position in CSW Industrials by 5.6% in the 2nd quarter. Argent Capital Management LLC now owns 2,180 shares of the basic materials company's stock valued at $625,000 after purchasing an additional 116 shares in the last quarter. GAMMA Investing LLC grew its stake in CSW Industrials by 44.6% during the 2nd quarter. GAMMA Investing LLC now owns 428 shares of the basic materials company's stock worth $123,000 after buying an additional 132 shares during the last quarter. Matrix Trust Co grew its stake in 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 buying an additional 41 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in CSW Industrials by 3.4% during 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 buying an additional 113 shares during the last quarter. Finally, Harbor Capital Advisors Inc. grew its stake 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 worth $8,771,000 after buying an additional 720 shares during the last quarter. 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.

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