CSW Industrials (NYSE:CSW) Trading Up 0.7% - Should You Buy?

Key Points

• CSW Industrials' stock rose 0.7% to $242.06, although trading volume decreased by 21% compared to its average.
• Analysts have downgraded CSW from "strong buy" to "hold," with a consensus rating of "Hold" and an average price target of $302.40.
• The company recently declared a quarterly dividend of $0.27, with a yield of 0.4%, set to be paid on November 14th to shareholders recorded by October 31st.

CSW Industrials, Inc. (NYSE:CSW - Get Free Report)'s stock price was up 0.7% on Thursday . The stock traded as high as $244.22 and last traded at $242.06. Approximately 106,514 shares were traded during trading, a decline of 21% from the average daily volume of 134,440 shares. The stock had previously closed at $240.42.

Wall Street Analyst Weigh In

Several analysts recently weighed in on CSW shares. Zacks Research downgraded CSW Industrials from a "strong-buy" rating to a "hold" rating in a report on Wednesday, October 8th. Citigroup decreased their price objective on CSW Industrials from $269.00 to $261.00 and set a "neutral" rating for the company in a report on Thursday, October 9th. Truist Financial lifted their price objective on CSW Industrials from $273.00 to $276.00 and gave the company a "hold" rating in a report on Wednesday, October 8th. Wells Fargo & Company decreased their price objective on CSW Industrials from $305.00 to $285.00 and set an "equal weight" rating for the company in a report on Friday, August 1st. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of CSW Industrials in a report on Tuesday, October 14th. Seven investment analysts have rated the stock with a Hold rating, According to MarketBeat, CSW Industrials has a consensus rating of "Hold" and an average price target of $302.40.

CSW Industrials Stock Performance

The firm's 50-day moving average price is $253.20 and its two-hundred day moving average price is $282.68. 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 cap of $4.07 billion, a price-to-earnings ratio of 28.92 and a beta of 0.92.

CSW Industrials (NYSE:CSW - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $263.65 million for the quarter, compared to analyst estimates of $278.27 million. CSW Industrials had a net margin of 15.18% and a return on equity of 13.78%. On average, analysts expect that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.4%. The ex-dividend date is Friday, October 31st. CSW Industrials's payout ratio is 12.90%.

Insider Activity at CSW Industrials

In related news, EVP James E. Perry sold 145 shares of the business's stock in a transaction dated Tuesday, August 12th. The shares were 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 in the company, valued at approximately $6,925,208.90. The trade was a 0.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Joseph B. Armes sold 1,000 shares of the business's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $250.00, for a total transaction of $250,000.00. Following the completion of the sale, the chief executive officer owned 61,522 shares in the company, valued at approximately $15,380,500. This trade represents a 1.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,412 shares of company stock valued at $901,427 in the last quarter. Corporate insiders own 1.30% of the company's stock.

Institutional Trading of CSW Industrials

A number of institutional investors and hedge funds have recently bought and sold shares of CSW. Champlain Investment Partners LLC purchased a new stake in CSW Industrials during the first quarter worth about $81,194,000. Nuveen LLC purchased a new stake in CSW Industrials during the first quarter worth about $24,711,000. Kayne Anderson Rudnick Investment Management LLC increased its stake in CSW Industrials by 34.5% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 316,464 shares of the basic materials company's stock worth $92,256,000 after purchasing an additional 81,139 shares during the period. Federated Hermes Inc. increased its stake in CSW Industrials by 1,539.2% during the first quarter. Federated Hermes Inc. now owns 68,766 shares of the basic materials company's stock worth $20,047,000 after purchasing an additional 64,571 shares during the period. Finally, Fiera Capital Corp purchased a new stake in CSW Industrials during the first quarter worth about $13,756,000. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

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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