Key Points
- CEO Joseph Armes sold 1,500 CSW Industrials shares on May 27 at an average price of $283.94, a transaction worth $425,910. The sale was made under a pre-arranged Rule 10b5-1 plan, and he still owns 70,600 shares.
- CSW Industrials posted strong quarterly results, reporting EPS of $3.14 versus the $2.34 consensus estimate and revenue of $308.96 million, up 34% year over year. The company also lifted its quarterly dividend to $0.30 from $0.27.
- Analysts remain mixed on the stock: recent updates included slight price-target cuts from Citigroup and Truist, while the overall consensus still sits at a Moderate Buy with an average target of $328.57. The shares were last trading near $289.27, below the average target but above their 50-day moving average.
CSW Industrials, Inc. (NYSE:CSW - Get Free Report) CEO Joseph Armes sold 1,500 shares of the business's stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $283.94, for a total transaction of $425,910.00. Following the completion of the transaction, the chief executive officer owned 70,600 shares in the company, valued at $20,046,164. The trade was a 2.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
CSW Industrials Price Performance
CSW stock opened at $289.27 on Thursday. The firm's 50-day moving average price is $274.90 and its two-hundred day moving average price is $285.83. CSW Industrials, Inc. has a 12-month low of $230.45 and a 12-month high of $337.02. The stock has a market capitalization of $4.76 billion, a price-to-earnings ratio of 43.30 and a beta of 0.88. The company has a current ratio of 2.60, a quick ratio of 0.97 and a debt-to-equity ratio of 0.80.
CSW Industrials (NYSE:CSW - Get Free Report) last released its quarterly earnings data on Tuesday, May 26th. The basic materials company reported $3.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.34 by $0.80. CSW Industrials had a net margin of 10.35% and a return on equity of 15.91%. The firm had revenue of $308.96 million for the quarter. The business's revenue for the quarter was up 34.0% compared to the same quarter last year. As a group, equities analysts predict that CSW Industrials, Inc. will post 11.92 earnings per share for the current year.
CSW Industrials Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, April 24th were issued a $0.30 dividend. This is a boost from CSW Industrials's previous quarterly dividend of $0.27. The ex-dividend date was Friday, April 24th. This represents a $1.20 annualized dividend and a yield of 0.4%. CSW Industrials's dividend payout ratio (DPR) is currently 15.92%.
CSW Industrials News Summary
Here are the key news stories impacting CSW Industrials this week:
- Positive Sentiment: CSW beat earnings and revenue expectations, highlighting strong quarterly execution and a 34% increase in revenue year over year. Article Title
- Positive Sentiment: The company reported record quarterly and full-year results, with management pointing to improving growth in Contractor Solutions and synergy benefits from integration. Article Title
- Neutral Sentiment: Citigroup lowered its price target slightly to $304 from $307 but kept a neutral rating, suggesting limited near-term upside in the analyst’s view. Article Title
- Neutral Sentiment: CEO Joseph B. Armes sold 1,500 shares under a pre-arranged 10b5-1 plan, which is usually seen as routine insider activity rather than a major negative signal. Article Title
- Negative Sentiment: Some commentary suggests investors are weighing margin pressure and a less-bullish outlook despite the strong earnings beat. Article Title
Institutional Investors Weigh In On CSW Industrials
Several hedge funds have recently added to or reduced their stakes in CSW. Valley Wealth Managers Inc. bought a new stake in CSW Industrials in the first quarter worth $26,000. Arax Advisory Partners bought a new stake in CSW Industrials in the fourth quarter worth $28,000. Danske Bank A S bought a new stake in CSW Industrials in the fourth quarter worth $29,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in CSW Industrials in the fourth quarter worth $31,000. Finally, Global Retirement Partners LLC bought a new stake in CSW Industrials in the fourth quarter worth $31,000. 82.79% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several research analysts have commented on CSW shares. Wells Fargo & Company upped their price objective on shares of CSW Industrials from $280.00 to $285.00 and gave the stock an "equal weight" rating in a report on Wednesday. Zacks Research upgraded shares of CSW Industrials from a "strong sell" rating to a "hold" rating in a report on Friday, May 8th. Truist Financial decreased their price objective on shares of CSW Industrials from $301.00 to $300.00 and set a "hold" rating for the company in a report on Wednesday. Citigroup decreased their price objective on shares of CSW Industrials from $307.00 to $304.00 and set a "neutral" rating for the company in a report on Wednesday. Finally, Weiss Ratings upgraded shares of CSW Industrials from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $328.57.
View Our Latest Stock Analysis on CSW Industrials
CSW Industrials Company Profile
(
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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