CSW Industrials (NYSE:CSW) Share Price Crosses Below 50-Day Moving Average - Here's What Happened

Key Points

• Shares of CSW Industrials fell below its 50-day moving average, trading as low as $269.06 and last at $272.21 versus a 50‑day MA of $303.39 and a 200‑day MA of $276.85.
• The company reported quarterly EPS of $1.42 and revenue of $232.99M, missing analyst estimates of $1.93 EPS and $249.36M revenue.
• Analysts' consensus is a "Hold" with an average price target of $327.14, while insiders have recently sold shares and institutional investors own about 82.8% of the stock.

Shares of CSW Industrials, Inc. (NYSE:CSW - Get Free Report) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $303.39 and traded as low as $269.06. CSW Industrials shares last traded at $272.21, with a volume of 102,692 shares.

Analyst Ratings Changes

CSW has been the subject of a number of research analyst reports. The Goldman Sachs Group upped their target price on CSW Industrials from $302.00 to $333.00 and gave the company a "neutral" rating in a research report on Tuesday, January 13th. Jefferies Financial Group set a $350.00 price objective on CSW Industrials in a report on Wednesday, December 3rd. Citigroup cut their target price on shares of CSW Industrials from $333.00 to $307.00 and set a "neutral" rating on the stock in a report on Friday, January 30th. Truist Financial upped their price target on shares of CSW Industrials from $271.00 to $292.00 and gave the company a "hold" rating in a research report on Monday, February 2nd. Finally, CJS Securities upgraded shares of CSW Industrials to a "strong-buy" rating in a research note on Thursday, December 11th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $327.14.

CSW Industrials Price Performance

The company has a debt-to-equity ratio of 0.72, a current ratio of 2.36 and a quick ratio of 0.97. The company has a 50 day moving average price of $303.39 and a 200 day moving average price of $276.85. The firm has a market cap of $4.48 billion, a PE ratio of 36.10 and a beta of 0.81.

CSW Industrials (NYSE:CSW - Get Free Report) last posted its quarterly earnings data on Thursday, January 29th. The basic materials company reported $1.42 earnings per share for the quarter, missing analysts' consensus estimates of $1.93 by ($0.51). The firm had revenue of $232.99 million during the quarter, compared to analysts' expectations of $249.36 million. CSW Industrials had a net margin of 12.64% and a return on equity of 14.55%. Sell-side analysts expect that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 30th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Friday, January 30th. CSW Industrials's payout ratio is 14.32%.

Insider Buying and Selling

In other news, SVP Luke Alverson sold 500 shares of the stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $316.02, for a total transaction of $158,010.00. Following the completion of the transaction, the senior vice president directly owned 12,450 shares of the company's stock, valued at approximately $3,934,449. This represents a 3.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Don Sullivan sold 4,136 shares of the firm's stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $301.41, for a total value of $1,246,631.76. Following the completion of the sale, the executive vice president directly owned 18,196 shares of the company's stock, valued at $5,484,456.36. This represents a 18.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 6,636 shares of company stock valued at $2,050,682 over the last ninety days. Corporate insiders own 1.30% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Arax Advisory Partners purchased a new stake in shares of CSW Industrials during the 4th quarter worth $28,000. Danske Bank A S acquired a new stake in shares of CSW Industrials in the fourth quarter valued at about $29,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in CSW Industrials during the fourth quarter worth about $31,000. Global Retirement Partners LLC acquired a new position in CSW Industrials during the fourth quarter worth about $31,000. Finally, CWM LLC acquired a new position in CSW Industrials during the fourth quarter worth about $32,000. Hedge funds and other institutional investors own 82.79% of the company's stock.

About CSW Industrials

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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