CSW Industrials (NYSE:CSW) Shares Down 6.2% - Time to Sell?

Key Points

• CSW Industrials' shares fell 6.2%, trading at approximately $250.02 after a previous close of $266.57, with trading volume declining significantly to 64,917 shares.
• Analysts have mixed views on the stock, with Citigroup raising its price target to $321.00 while Wells Fargo lowered theirs to $285.00, resulting in an average rating of "Hold".
• The company recently announced a quarterly dividend of $0.27 per share, yielding 0.4%, and has a payout ratio of 12.90%.

CSW Industrials, Inc. (NYSE:CSW - Get Free Report) shares fell 6.2% during trading on Tuesday . The stock traded as low as $249.69 and last traded at $250.02. 64,917 shares traded hands during trading, a decline of 50% from the average session volume of 130,036 shares. The stock had previously closed at $266.57.

Wall Street Analysts Forecast Growth

CSW has been the subject of several analyst reports. Citigroup upped their price objective on CSW Industrials from $313.00 to $321.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Truist Financial set a $273.00 price objective on CSW Industrials and gave the stock a "hold" rating in a research report on Tuesday, August 5th. Zacks Research raised CSW Industrials from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, September 2nd. Finally, Wells Fargo & Company lowered their price objective on CSW Industrials from $305.00 to $285.00 and set an "equal weight" rating for the company in a research report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $319.75.

CSW Industrials Price Performance

The company has a current ratio of 2.86, a quick ratio of 1.48 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $4.24 billion, a PE ratio of 30.14 and a beta of 0.91. The company has a fifty day moving average price of $277.47 and a two-hundred day moving average price of $293.54.

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 for the quarter, beating the consensus estimate of $2.62 by $0.23. CSW Industrials had a return on equity of 13.78% and a net margin of 15.18%.The business had revenue of $263.65 million during the quarter, compared to the consensus estimate of $278.27 million. Sell-side analysts forecast that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Dividend Announcement

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

Insider Buying and Selling

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $259.36, for a total transaction of $259,360.00. Following the completion of the sale, the chief executive officer directly owned 62,522 shares of the company's stock, valued at approximately $16,215,705.92. This trade represents a 1.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP James E. Perry sold 145 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $275.05, for a total value of $39,882.25. Following the sale, the executive vice president directly owned 25,178 shares of the company's stock, valued at $6,925,208.90. The trade was a 0.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,412 shares of company stock valued at $1,247,397 over the last 90 days. Insiders own 1.30% of the company's stock.

Institutional Trading of CSW Industrials

A number of hedge funds have recently added to or reduced their stakes in CSW. Matrix Trust Co raised its stake in shares of 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 in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of CSW Industrials by 517.6% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 105 shares of the basic materials company's stock worth $31,000 after buying an additional 88 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of CSW Industrials by 526.3% during the 1st quarter. Versant Capital Management Inc now owns 119 shares of the basic materials company's stock worth $35,000 after buying an additional 100 shares in the last quarter. Whittier Trust Co. purchased a new position in shares of CSW Industrials during the 1st quarter worth approximately $59,000. Finally, Harbor Investment Advisory LLC raised its stake in shares of CSW Industrials by 27.3% during the 2nd quarter. Harbor Investment Advisory LLC now owns 275 shares of the basic materials company's stock worth $79,000 after buying an additional 59 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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