CSW Industrials, Inc. (NASDAQ:CSWI) Receives Average Rating of "Hold" from Brokerages

Shares of CSW Industrials, Inc. (NASDAQ:CSWI - Get Free Report) have earned an average rating of "Hold" from the five research firms that are presently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $379.00.

Several equities analysts have recently commented on the stock. The Goldman Sachs Group lowered their price objective on shares of CSW Industrials from $450.00 to $400.00 and set a "neutral" rating for the company in a research note on Tuesday, January 14th. Wells Fargo & Company lowered their price target on CSW Industrials from $410.00 to $350.00 and set an "equal weight" rating for the company in a research report on Friday, January 31st. Truist Financial initiated coverage on CSW Industrials in a research report on Friday. They issued a "hold" rating and a $362.00 price objective on the stock. Citigroup decreased their target price on CSW Industrials from $466.00 to $404.00 and set a "neutral" rating for the company in a report on Monday, January 13th. Finally, StockNews.com lowered CSW Industrials from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd.

Insider Activity at CSW Industrials

In other news, Director Robert M. Swartz sold 200 shares of the firm's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $354.65, for a total transaction of $70,930.00. Following the completion of the transaction, the director now directly owns 13,719 shares in the company, valued at $4,865,443.35. This trade represents a 1.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $389.78, for a total transaction of $389,780.00. Following the completion of the transaction, the chief executive officer now directly owns 49,698 shares of the company's stock, valued at $19,371,286.44. This trade represents a 1.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,103 shares of company stock worth $3,437,104 over the last ninety days. 1.40% of the stock is owned by corporate insiders.

Institutional Trading of CSW Industrials

Several institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its holdings in shares of CSW Industrials by 105.9% during the third quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company's stock valued at $26,000 after purchasing an additional 36 shares in the last quarter. National Bank of Canada FI bought a new position in CSW Industrials during the 3rd quarter valued at about $28,000. V Square Quantitative Management LLC purchased a new stake in shares of CSW Industrials during the 3rd quarter valued at about $30,000. IFP Advisors Inc boosted its holdings in shares of CSW Industrials by 510.5% during the 4th quarter. IFP Advisors Inc now owns 116 shares of the basic materials company's stock valued at $42,000 after acquiring an additional 97 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in shares of CSW Industrials in the fourth quarter worth approximately $51,000. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

CSW Industrials Trading Up 0.4 %

CSWI stock traded up $1.36 during midday trading on Friday, hitting $319.48. The company had a trading volume of 59,980 shares, compared to its average volume of 118,006. The stock has a market cap of $5.36 billion, a price-to-earnings ratio of 38.17 and a beta of 0.84. CSW Industrials has a 52 week low of $221.10 and a 52 week high of $436.50. The stock's 50 day moving average price is $357.30 and its 200 day moving average price is $361.25.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last issued its earnings results on Thursday, January 30th. The basic materials company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.37 by $0.11. CSW Industrials had a net margin of 15.53% and a return on equity of 15.72%. Analysts predict that CSW Industrials will post 8.59 earnings per share for the current year.

CSW Industrials Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date was Friday, January 31st. CSW Industrials's payout ratio is presently 11.47%.

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.