CSW Industrials, Inc. (NYSE:CSW - Get Free Report) Director Darron Ash purchased 300 shares of the stock in a transaction on Friday, March 13th. The shares were purchased at an average price of $256.62 per share, for a total transaction of $76,986.00. Following the transaction, the director directly owned 1,155 shares of the company's stock, valued at approximately $296,396.10. This represents a 35.09% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.
CSW Industrials Trading Down 1.4%
Shares of CSW stock opened at $252.87 on Tuesday. The business has a 50-day moving average price of $297.88 and a two-hundred day moving average price of $276.76. CSW Industrials, Inc. has a 12-month low of $230.45 and a 12-month high of $338.90. The company has a quick ratio of 0.97, a current ratio of 2.36 and a debt-to-equity ratio of 0.72. The firm has a market cap of $4.16 billion, a P/E ratio of 33.54 and a beta of 0.81.
CSW Industrials (NYSE:CSW - Get Free Report) last announced its quarterly earnings data on Thursday, January 29th. The basic materials company reported $1.42 EPS for the quarter, missing the consensus estimate of $1.93 by ($0.51). The firm had revenue of $232.99 million for the quarter, compared to the consensus estimate of $249.36 million. CSW Industrials had a net margin of 12.64% and a return on equity of 14.55%. Equities analysts anticipate that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.
CSW Industrials Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, January 30th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Friday, January 30th. CSW Industrials's dividend payout ratio (DPR) is presently 14.32%.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on CSW. Wells Fargo & Company lowered their price objective on shares of CSW Industrials from $300.00 to $280.00 and set an "equal weight" rating for the company in a report on Monday, February 2nd. CJS Securities upgraded shares of CSW Industrials to a "strong-buy" rating in a research report on Thursday, December 11th. Robert W. Baird started coverage on shares of CSW Industrials in a research note on Tuesday, February 17th. They issued an "outperform" rating and a $378.00 price target for the company. JPMorgan Chase & Co. upgraded shares of CSW Industrials from a "neutral" rating to an "overweight" rating and upped their price target for the company from $300.00 to $350.00 in a research report on Wednesday, December 3rd. Finally, The Goldman Sachs Group lifted their price objective on CSW Industrials from $302.00 to $333.00 and gave the stock a "neutral" rating in a report on Tuesday, January 13th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $327.14.
Get Our Latest Stock Analysis on CSW
Institutional Investors Weigh In On CSW Industrials
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. purchased a new stake in CSW Industrials during the 4th quarter valued at $515,553,000. Capital World Investors purchased a new position in shares of CSW Industrials in the fourth quarter valued at about $308,934,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of CSW Industrials in the fourth quarter valued at about $237,891,000. Morgan Stanley bought a new position in shares of CSW Industrials during the fourth quarter valued at about $196,549,000. Finally, Wasatch Advisors LP purchased a new stake in shares of CSW Industrials during the fourth quarter worth about $195,630,000. 82.79% of the stock is currently owned by institutional investors.
CSW Industrials Company Profile
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Get Free Report)
CSW Industrials, Inc is a diversified industrial manufacturer that develops and supplies specialty chemical products, performance materials and precision surface solutions. The company's offerings span a range of end markets including energy, industrial processing, converting and automotive, where its products serve critical functions in production efficiency, equipment maintenance and process enhancement.
In its chemical business, CSW Industrials produces solvent- and water-based formulations such as surfactants, corrosion inhibitors and custom blends used in oilfield exploration and production, metalworking, water treatment and other industrial applications.
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