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

CSW Industrials, Inc. (NASDAQ:CSWI) has been given a consensus rating of “Hold” by the five brokerages that are presently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $379.00.

Several research firms recently issued reports on CSWI. Wells Fargo & Company reduced 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 report on Friday, January 31st. StockNews.com downgraded shares of CSW Industrials from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. The Goldman Sachs Group dropped 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. Citigroup dropped their price target on shares of CSW Industrials from $466.00 to $404.00 and set a “neutral” rating for the company in a research note on Monday, January 13th. Finally, Truist Financial initiated coverage on shares of CSW Industrials in a research note on Friday, February 14th. They set a “hold” rating and a $362.00 price target for the company.

CSW Industrials Stock Down 2.6 %

Shares of NASDAQ:CSWI opened at $283.77 on Tuesday. The company’s 50 day moving average price is $333.14 and its two-hundred day moving average price is $359.68. CSW Industrials has a 12-month low of $221.10 and a 12-month high of $436.50. The firm has a market cap of $4.76 billion, a PE ratio of 33.90 and a beta of 0.80.

CSW Industrials (NASDAQ:CSWI) last announced its earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share (EPS) for the quarter, topping 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%. On average, research analysts expect that CSW Industrials will post 8.49 EPS for the current year.

CSW Industrials Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date was Friday, January 31st. CSW Industrials’s payout ratio is currently 11.47%.

Insiders Place Their Bets

In other CSW Industrials news, CFO James E. Perry sold 145 shares of CSW Industrials stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $307.77, for a total value of $44,626.65. Following the sale, the chief financial officer now owns 23,282 shares of the company’s stock, valued at approximately $7,165,501.14. The trade was a 0.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert M. Swartz sold 200 shares of CSW Industrials stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $307.21, for a total transaction of $61,442.00. Following the completion of the sale, the director now directly owns 13,319 shares in the company, valued at approximately $4,091,729.99. This represents a 1.48 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,448 shares of company stock valued at $3,543,172. Company insiders own 1.40% of the company’s stock.

Institutional Trading of CSW Industrials

Hedge funds and other institutional investors have recently modified their holdings of the business. National Bank of Canada FI bought a new stake in shares of CSW Industrials in the third quarter valued at approximately $28,000. IFP Advisors Inc grew its stake in CSW Industrials by 510.5% during the fourth 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 in the last quarter. GAMMA Investing LLC grew its stake in CSW Industrials by 94.3% during the fourth quarter. GAMMA Investing LLC now owns 136 shares of the basic materials company’s stock valued at $48,000 after acquiring an additional 66 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in CSW Industrials during the fourth quarter valued at approximately $51,000. Finally, Jones Financial Companies Lllp grew its stake in CSW Industrials by 300.0% during the fourth quarter. Jones Financial Companies Lllp now owns 164 shares of the basic materials company’s stock valued at $58,000 after acquiring an additional 123 shares in the last quarter. Institutional investors 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.