CSW Industrials, Inc. (NASDAQ:CSWI) Receives Average Recommendation of “Hold” from Brokerages

Shares of CSW Industrials, Inc. (NASDAQ:CSWI) have been assigned a consensus rating of “Hold” from the five analysts that are presently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $379.00.

CSWI has been the subject of several research reports. The Goldman Sachs Group reduced their price objective on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. StockNews.com cut CSW Industrials from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Wells Fargo & Company lowered their price objective on shares of CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Citigroup cut their target price on shares of CSW Industrials from $466.00 to $404.00 and set a “neutral” rating for the company in a research report on Monday, January 13th. Finally, Truist Financial started coverage on shares of CSW Industrials in a research report on Friday, February 14th. They issued a “hold” rating and a $362.00 price target on the stock.

CSW Industrials Stock Up 0.4 %

NASDAQ:CSWI opened at $319.48 on Friday. The firm’s fifty day simple moving average is $357.30 and its 200-day simple moving average is $361.25. The stock has a market cap of $5.36 billion, a PE ratio of 38.17 and a beta of 0.84. CSW Industrials has a fifty-two week low of $221.10 and a fifty-two week high of $436.50.

CSW Industrials (NASDAQ:CSWI) last issued its earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.11. CSW Industrials had a net margin of 15.53% and a return on equity of 15.72%. Equities analysts anticipate 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. Shareholders of record on Friday, January 31st were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $0.96 dividend on an annualized basis and a yield of 0.30%. CSW Industrials’s dividend payout ratio (DPR) is 11.47%.

Insiders Place Their Bets

In related news, EVP Don Sullivan sold 1,965 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $387.15, for a total transaction of $760,749.75. Following the transaction, the executive vice president now directly owns 30,804 shares in the company, valued at approximately $11,925,768.60. This represents a 6.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert M. Swartz sold 200 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $354.65, for a total value of $70,930.00. Following the completion of the sale, the director now directly owns 13,719 shares in the company, valued at approximately $4,865,443.35. The trade was a 1.44 % 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 valued at $3,437,104 in the last ninety days. Insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CSWI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in CSW Industrials by 111.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 51,306 shares of the basic materials company’s stock valued at $18,101,000 after purchasing an additional 27,042 shares during the period. Sovereign s Capital Management LLC acquired a new position in shares of CSW Industrials in the 4th quarter valued at $403,000. Squarepoint Ops LLC purchased a new stake in shares of CSW Industrials during the 4th quarter valued at $2,013,000. Twinbeech Capital LP acquired a new stake in shares of CSW Industrials during the 4th quarter worth $262,000. Finally, Sherbrooke Park Advisers LLC purchased a new position in shares of CSW Industrials in the 4th quarter worth $252,000. Institutional investors and hedge funds own 82.79% of the company’s stock.

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.