Key Points
- CSW Industrials EVP Jeff Underwood sold 720 shares at an average price of $346.96, generating $249,811.20. His remaining stake fell 10.1% to 6,409 shares.
- CSW Industrials reported quarterly EPS of $3.84, beating estimates of $3.66, while revenue rose 33% year over year to $350.65 million.
- Analysts maintain a generally favorable outlook, with an average “Moderate Buy” rating and a $347.57 price target. The company also declared a quarterly dividend of $0.30 per share, equal to a 0.3% yield.
CSW Industrials, Inc. (NYSE:CSW - Get Free Report) EVP Jeff Underwood sold 720 shares of CSW Industrials stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $346.96, for a total value of $249,811.20. Following the transaction, the executive vice president owned 6,409 shares of the company's stock, valued at $2,223,666.64. The trade was a 10.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.
CSW Industrials Price Performance
Shares of NYSE CSW opened at $351.13 on Wednesday. The company has a quick ratio of 1.36, a current ratio of 2.70 and a debt-to-equity ratio of 0.77. The business's 50 day moving average price is $289.86 and its two-hundred day moving average price is $284.31. The company has a market cap of $5.72 billion, a PE ratio of 48.17 and a beta of 0.83. CSW Industrials, Inc. has a twelve month low of $230.45 and a twelve month high of $355.48.
CSW Industrials (NYSE:CSW - Get Free Report) last issued its earnings results on Thursday, July 30th. The basic materials company reported $3.84 EPS for the quarter, topping the consensus estimate of $3.66 by $0.18. CSW Industrials had a return on equity of 17.41% and a net margin of 10.34%.The company had revenue of $350.65 million during the quarter. The company's quarterly revenue was up 33.0% on a year-over-year basis. On average, analysts predict that CSW Industrials, Inc. will post 12.77 EPS for the current year.
CSW Industrials Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a $1.20 annualized dividend and a yield of 0.3%. CSW Industrials's dividend payout ratio (DPR) is currently 16.46%.
Analyst Ratings Changes
CSW has been the topic of several research reports. Citigroup upped their price objective on shares of CSW Industrials from $304.00 to $340.00 and gave the company a "neutral" rating in a report on Monday, August 3rd. JPMorgan Chase & Co. lifted their target price on shares of CSW Industrials from $350.00 to $380.00 and gave the stock an "overweight" rating in a report on Friday, July 31st. Wells Fargo & Company upped their price target on shares of CSW Industrials from $285.00 to $320.00 and gave the company an "equal weight" rating in a research note on Friday, July 31st. Weiss Ratings raised shares of CSW Industrials from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, August 3rd. Finally, Zacks Research downgraded shares of CSW Industrials from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 27th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $347.57.
Get Our Latest Report on CSW Industrials
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CSW. Whittier Trust Co. raised its holdings in CSW Industrials by 24.8% in the 1st quarter. Whittier Trust Co. now owns 252 shares of the basic materials company's stock valued at $67,000 after buying an additional 50 shares during the last quarter. Sanctuary Advisors LLC grew its holdings in CSW Industrials by 8.1% during the 4th quarter. Sanctuary Advisors LLC now owns 984 shares of the basic materials company's stock worth $289,000 after acquiring an additional 74 shares during the last quarter. Arax Advisory Partners bought a new stake in CSW Industrials during the 4th quarter worth approximately $28,000. Danske Bank A S acquired a new position in CSW Industrials in the 4th quarter valued at approximately $29,000. Finally, Valley Wealth Managers Inc. acquired a new position in CSW Industrials in the 1st quarter valued at approximately $26,000. 82.79% of the stock is owned by institutional investors and hedge funds.
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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