CSW Industrials, Inc. (NASDAQ:CSWI) Receives $379.00 Consensus Price Target from Brokerages

Shares of CSW Industrials, Inc. (NASDAQ:CSWI) have earned an average recommendation of “Hold” from the five research firms that are covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $379.00.

Several research analysts recently weighed in on the stock. Truist Financial initiated coverage on shares of CSW Industrials in a research report on Friday, February 14th. They set a “hold” rating and a $362.00 price target for the company. Citigroup dropped their price target on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating for the company in a research report on Monday, January 13th. StockNews.com lowered CSW Industrials from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. The Goldman Sachs Group dropped their target price on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Finally, Wells Fargo & Company decreased their price target 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.

CSW Industrials Stock Up 13.3 %

Shares of CSWI stock opened at $288.11 on Friday. CSW Industrials has a 52-week low of $229.49 and a 52-week high of $436.50. The stock has a market cap of $4.84 billion, a PE ratio of 34.42 and a beta of 0.88. The business has a 50-day simple moving average of $299.75 and a 200-day simple moving average of $353.38.

CSW Industrials (NASDAQ:CSWI) last released its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.48 EPS for the quarter, beating 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 earnings per share for the current fiscal year.

CSW Industrials Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a $0.24 dividend. The ex-dividend date was Friday, January 31st. This represents a $0.96 annualized dividend and a yield of 0.33%. CSW Industrials’s dividend payout ratio is currently 11.47%.

Insider Buying and Selling at CSW Industrials

In other news, EVP Don Sullivan sold 1,800 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $377.58, for a total transaction of $679,644.00. Following the completion of the transaction, the executive vice president now directly owns 29,004 shares of the company’s stock, valued at approximately $10,951,330.32. This represents a 5.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Luke Alverson sold 1,522 shares of the firm’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $358.16, for a total value of $545,119.52. Following the completion of the sale, the senior vice president now directly owns 15,634 shares of the company’s stock, valued at approximately $5,599,473.44. This trade represents a 8.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,534 shares of company stock worth $3,133,640 over the last 90 days. Corporate insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On CSW Industrials

Large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its stake in shares of CSW Industrials by 7.4% during the 3rd quarter. Geode Capital Management LLC now owns 388,954 shares of the basic materials company’s stock worth $142,536,000 after purchasing an additional 26,728 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of CSW Industrials during the fourth quarter worth approximately $18,197,000. The Manufacturers Life Insurance Company increased its holdings in CSW Industrials by 8.5% in the third quarter. The Manufacturers Life Insurance Company now owns 9,503 shares of the basic materials company’s stock valued at $3,482,000 after buying an additional 744 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of CSW Industrials by 25.3% during the fourth quarter. Blue Trust Inc. now owns 361 shares of the basic materials company’s stock worth $132,000 after purchasing an additional 73 shares during the period. Finally, Avantax Advisory Services Inc. raised its position in shares of CSW Industrials by 5.9% during the 4th quarter. Avantax Advisory Services Inc. now owns 826 shares of the basic materials company’s stock worth $291,000 after purchasing an additional 46 shares during the period. 82.79% of the stock is owned by institutional investors and hedge funds.

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.