CSW Industrials (NASDAQ:CSWI) Price Target Cut to $313.00 by Analysts at Citigroup

CSW Industrials (NASDAQ:CSWI) had its target price decreased by Citigroup from $364.00 to $313.00 in a report published on Monday morning,Benzinga reports. Citigroup currently has a neutral rating on the basic materials company’s stock.

CSWI has been the topic of a number of other reports. The Goldman Sachs Group cut their price target on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. StockNews.com lowered CSW Industrials from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Wells Fargo & Company decreased their price target on shares of CSW Industrials from $350.00 to $295.00 and set an “equal weight” rating for the company in a research report on Monday. Finally, Truist Financial assumed coverage on shares of CSW Industrials in a research report on Friday, February 14th. They issued a “hold” rating and a $362.00 price objective on the stock. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $342.50.

CSW Industrials Price Performance

NASDAQ:CSWI opened at $299.08 on Monday. CSW Industrials has a 1-year low of $229.49 and a 1-year high of $436.50. The company has a 50-day moving average of $298.03 and a 200 day moving average of $351.69. The firm has a market cap of $5.02 billion, a PE ratio of 35.73 and a beta of 0.88.

CSW Industrials (NASDAQ:CSWI) last announced its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share 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%. Sell-side analysts anticipate that CSW Industrials will post 8.49 EPS for the current fiscal year.

CSW Industrials Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 25th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.36%. The ex-dividend date is Friday, April 25th. This is an increase from CSW Industrials’s previous quarterly dividend of $0.24. CSW Industrials’s dividend payout ratio (DPR) is currently 12.90%.

Insider Transactions at CSW Industrials

In related news, SVP Luke Alverson sold 1,100 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $292.12, for a total value of $321,332.00. Following the completion of the transaction, the senior vice president now owns 13,434 shares in the company, valued at $3,924,340.08. This trade represents a 7.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Don Sullivan sold 1,800 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $377.58, for a total value of $679,644.00. Following the completion of the transaction, the executive vice president now directly owns 29,004 shares in the company, valued at $10,951,330.32. This represents a 5.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,012 shares of company stock worth $2,588,521. Insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On CSW Industrials

A number of institutional investors and hedge funds have recently modified their holdings of the company. Verition Fund Management LLC purchased a new stake in shares of CSW Industrials in the 3rd quarter valued at $237,000. HighTower Advisors LLC lifted its position in CSW Industrials by 1.4% during the third quarter. HighTower Advisors LLC now owns 3,524 shares of the basic materials company’s stock valued at $1,279,000 after purchasing an additional 47 shares during the period. Morse Asset Management Inc boosted its holdings in CSW Industrials by 2.3% in the third quarter. Morse Asset Management Inc now owns 1,621 shares of the basic materials company’s stock valued at $594,000 after purchasing an additional 36 shares during the last quarter. Stifel Financial Corp grew its position in CSW Industrials by 14.7% during the 3rd quarter. Stifel Financial Corp now owns 8,505 shares of the basic materials company’s stock worth $3,116,000 after purchasing an additional 1,093 shares during the period. Finally, National Bank of Canada FI acquired a new stake in CSW Industrials during the 3rd quarter worth about $28,000. Institutional investors and hedge funds own 82.79% of the company’s stock.

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.