CSW Industrials (NYSE:CSW) Reaches New 12-Month Low - What's Next?

Key Points

• CSW Industrials reached a new 12-month low at $238.49, closing at $242.46 with a trading volume of 130,983 shares.
• Despite the low share price, Zacks Research upgraded CSW's rating from "hold" to "strong-buy," while several analysts set a consensus target price of $319.75.
• The company recently announced a quarterly dividend of $0.27, translating to a $1.08 annualized dividend and a yield of 0.4%.

CSW Industrials, Inc. (NYSE:CSW - Get Free Report) reached a new 52-week low on Wednesday . The company traded as low as $238.49 and last traded at $242.46, with a volume of 130983 shares trading hands. The stock had previously closed at $240.43.

Wall Street Analyst Weigh In

Several research analysts have recently commented on CSW shares. Zacks Research upgraded CSW Industrials from a "hold" rating to a "strong-buy" rating in a report on Tuesday, September 2nd. Truist Financial set a $273.00 price objective on CSW Industrials and gave the stock a "hold" rating in a report on Tuesday, August 5th. Finally, Wells Fargo & Company decreased 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. One research analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, CSW Industrials has a consensus rating of "Hold" and a consensus target price of $319.75.

CSW Industrials Stock Performance

The company has a quick ratio of 1.48, a current ratio of 2.86 and a debt-to-equity ratio of 0.09. The stock has a market cap of $4.07 billion, a PE ratio of 28.97 and a beta of 0.91. The company has a fifty day moving average price of $261.54 and a 200 day moving average price of $288.11.

CSW Industrials (NYSE:CSW - Get Free Report) last posted its earnings results on Thursday, July 31st. The basic materials company reported $2.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.62 by $0.23. The company had revenue of $263.65 million for 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%. Analysts expect that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Announces Dividend

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

Insiders Place Their Bets

In related news, CEO Joseph B. Armes sold 1,000 shares of the firm's stock in a transaction dated 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 $15,380,500. This trade represents a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Don Sullivan sold 1,067 shares of the firm's 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 completion of the sale, the executive vice president directly owned 22,641 shares in the company, valued at $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 5,412 shares of company stock valued at $1,497,397 over the last three months. Company insiders own 1.30% of the company's stock.

Institutional Trading of CSW Industrials

Several large investors have recently bought and sold shares of CSW. Millennium Management LLC boosted its position in CSW Industrials by 435.2% during the 4th quarter. Millennium Management LLC now owns 3,934 shares of the basic materials company's stock valued at $1,388,000 after acquiring an additional 3,199 shares in the last quarter. California State Teachers Retirement System boosted its position in CSW Industrials by 5.3% during the 4th quarter. California State Teachers Retirement System now owns 15,554 shares of the basic materials company's stock valued at $5,487,000 after acquiring an additional 782 shares in the last quarter. Versant Capital Management Inc boosted its position in CSW Industrials by 526.3% during the 1st quarter. Versant Capital Management Inc now owns 119 shares of the basic materials company's stock valued at $35,000 after acquiring an additional 100 shares in the last quarter. GAMMA Investing LLC boosted its position in CSW Industrials by 63,348.5% during the 1st quarter. GAMMA Investing LLC now owns 86,290 shares of the basic materials company's stock valued at $25,155,000 after acquiring an additional 86,154 shares in the last quarter. Finally, Heritage Family Offices LLP boosted its position in CSW Industrials by 9.9% during the 1st quarter. Heritage Family Offices LLP now owns 779 shares of the basic materials company's stock valued at $227,000 after acquiring an additional 70 shares in the last quarter. 82.79% of the stock is owned by institutional investors.

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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