CSW Industrials (NYSE:CSW) Sets New 1-Year High - Here's What Happened

Key Points

• CSW Industrials shares reached a new 52-week high of $354.71 and last traded near $348.12, giving the company a market capitalization of approximately $5.69 billion.
• The company reported quarterly EPS of $3.84, exceeding estimates by $0.18, while revenue rose 33% year over year to $350.65 million. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $347.57.
• CSW Industrials declared a quarterly dividend of $0.30 per share, equivalent to $1.20 annually and a 0.3% yield; institutional investors own 82.79% of the stock.

CSW Industrials, Inc. (NYSE:CSW - Get Free Report) shares hit a new 52-week high on Monday . The company traded as high as $354.71 and last traded at $348.1210, with a volume of 113407 shares changing hands. The stock had previously closed at $350.68.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CSW. Truist Financial raised their target price on CSW Industrials from $313.00 to $332.00 and gave the stock a "hold" rating in a research note on Monday, August 3rd. JPMorgan Chase & Co. increased their price objective on CSW Industrials from $350.00 to $380.00 and gave the company an "overweight" rating in a report on Friday, July 31st. Wells Fargo & Company raised their price objective on CSW Industrials from $285.00 to $320.00 and gave the stock an "equal weight" rating in a research note on Friday, July 31st. Zacks Research downgraded CSW Industrials from a "strong-buy" rating to a "hold" rating in a report on Monday, July 27th. Finally, Citigroup lifted their target price on CSW Industrials from $304.00 to $340.00 and gave the stock a "neutral" rating in a report on Monday, August 3rd. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $347.57.

CSW Industrials Price Performance

The stock has a market cap of $5.69 billion, a price-to-earnings ratio of 47.87 and a beta of 0.83. The stock's 50 day moving average price is $286.74 and its two-hundred day moving average price is $283.96. The company has a quick ratio of 1.36, a current ratio of 2.70 and a debt-to-equity ratio of 0.77.

CSW Industrials (NYSE:CSW - Get Free Report) last issued its earnings results on Thursday, July 30th. The basic materials company reported $3.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.66 by $0.18. CSW Industrials had a net margin of 10.34% and a return on equity of 17.41%. The firm had revenue of $350.65 million during the quarter. CSW Industrials's revenue was up 33.0% compared to the same quarter last year. Equities research analysts forecast that CSW Industrials, Inc. will post 12.77 EPS for the current fiscal year.

CSW Industrials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, July 31st. CSW Industrials's payout ratio is 16.46%.

Insider Activity at CSW Industrials

In other news, CEO Joseph B. Armes sold 1,500 shares of the company's stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $279.52, for a total value of $419,280.00. Following the sale, the chief executive officer owned 69,100 shares in the company, valued at $19,314,832. This represents a 2.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Whittier Trust Co. boosted its holdings in CSW Industrials by 24.8% during the 1st quarter. Whittier Trust Co. now owns 252 shares of the basic materials company's stock valued at $67,000 after acquiring an additional 50 shares during the period. Sanctuary Advisors LLC grew its position in CSW Industrials by 8.1% in the 4th quarter. Sanctuary Advisors LLC now owns 984 shares of the basic materials company's stock valued at $289,000 after acquiring an additional 74 shares in the last quarter. Arax Advisory Partners purchased a new stake in CSW Industrials during the fourth quarter worth about $28,000. Danske Bank A S purchased a new stake in CSW Industrials during the fourth quarter worth about $29,000. Finally, Valley Wealth Managers Inc. acquired a new stake in shares of CSW Industrials during the first quarter worth about $26,000. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

CSW Industrials Company Profile

CSW Industrials, Inc is a diversified industrial manufacturer that develops and supplies specialty chemical products, performance materials and precision surface solutions. The company's offerings span a range of end markets including energy, industrial processing, converting and automotive, where its products serve critical functions in production efficiency, equipment maintenance and process enhancement.

In its chemical business, CSW Industrials produces solvent- and water-based formulations such as surfactants, corrosion inhibitors and custom blends used in oilfield exploration and production, metalworking, water treatment and other industrial applications.

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