CSW Industrials (NYSE:CSW) Price Target Lowered to $273.00 at Truist Financial

Key Points

• Truist Financial has reduced its price target for CSW Industrials from $337.00 to $273.00, maintaining a "hold" rating, suggesting a potential upside of 9.14% from the current share price.
• CSW Industrials reported $2.85 EPS for the last quarter, exceeding estimates, although revenue fell short of expectations at $263.65 million.
• Insider selling was noted, with Director Robert M. Swartz selling 200 shares and CEO Joseph B. Armes selling 1,000 shares, indicating a 1.60% and 1.55% decrease in their respective ownership stakes.

CSW Industrials (NYSE:CSW - Get Free Report) had its price objective decreased by Truist Financial from $337.00 to $273.00 in a research report issued on Tuesday, Marketbeat Ratings reports. The firm currently has a "hold" rating on the basic materials company's stock. Truist Financial's price target would indicate a potential upside of 4.23% from the company's current price.

Several other equities research analysts have also recently weighed in on the stock. Citigroup increased their target price on shares of CSW Industrials from $313.00 to $321.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. Wells Fargo & Company reduced their target price on shares of CSW Industrials from $305.00 to $285.00 and set an "equal weight" rating for the company in a research note on Friday, August 1st. Five investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $319.75.

CSW Industrials Trading Up 1.5%

Shares of NYSE:CSW opened at $261.92 on Tuesday. The stock has a market capitalization of $4.40 billion, a PE ratio of 31.29 and a beta of 0.91. CSW Industrials has a 1 year low of $241.99 and a 1 year high of $436.50. The firm has a fifty day moving average price of $293.05 and a 200 day moving average price of $303.34. The company has a current ratio of 2.86, a quick ratio of 1.48 and a debt-to-equity ratio of 0.09.

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, topping analysts' consensus estimates of $2.62 by $0.23. The firm had revenue of $263.65 million during the quarter, compared to analysts' expectations of $278.27 million. CSW Industrials had a net margin of 15.18% and a return on equity of 13.78%. Analysts expect that CSW Industrials will post 8.49 EPS for the current fiscal year.

Insider Buying and Selling at CSW Industrials

In other CSW Industrials news, Director Robert M. Swartz sold 200 shares of CSW Industrials stock in a transaction on Friday, August 1st. The shares were sold at an average price of $250.37, for a total value of $50,074.00. Following the sale, the director directly owned 12,319 shares in the company, valued at approximately $3,084,308.03. The trade was a 1.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP James E. Perry sold 145 shares of CSW Industrials stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $304.00, for a total transaction of $44,080.00. Following the completion of the sale, the executive vice president owned 25,468 shares in the company, valued at $7,742,272. 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 5,964 shares of company stock valued at $1,839,555 over the last quarter. 1.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CSW Industrials

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bailard Inc. grew its position in shares of CSW Industrials by 2.0% in the 1st quarter. Bailard Inc. now owns 1,705 shares of the basic materials company's stock valued at $497,000 after acquiring an additional 33 shares during the period. Fifth Third Bancorp grew its position in shares of CSW Industrials by 9.3% in the 1st quarter. Fifth Third Bancorp now owns 401 shares of the basic materials company's stock valued at $117,000 after acquiring an additional 34 shares during the period. Sequoia Financial Advisors LLC grew its position in shares of CSW Industrials by 1.1% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,122 shares of the basic materials company's stock valued at $910,000 after acquiring an additional 34 shares during the period. TCTC Holdings LLC grew its position in shares of CSW Industrials by 2.2% in the 1st quarter. TCTC Holdings LLC now owns 1,882 shares of the basic materials company's stock valued at $549,000 after acquiring an additional 41 shares during the period. Finally, Matrix Trust Co grew its position in shares of CSW Industrials by 91.1% in the 2nd quarter. Matrix Trust Co now owns 86 shares of the basic materials company's stock valued at $25,000 after acquiring an additional 41 shares during the period. 82.79% of the stock is currently owned by institutional investors and hedge funds.

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.