Analysts Set CSW Industrials, Inc. (NASDAQ:CSWI) Price Target at $347.00

CSW Industrials, Inc. (NASDAQ:CSWI) has been given a consensus recommendation of “Hold” by the five brokerages that are currently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $347.00.

Several brokerages have issued reports on CSWI. Citigroup increased their price target on CSW Industrials from $313.00 to $321.00 and gave the stock a “neutral” rating in a report on Friday, May 23rd. Wells Fargo & Company increased their price target on CSW Industrials from $295.00 to $305.00 and gave the stock an “equal weight” rating in a report on Friday, May 23rd. Truist Financial began coverage on CSW Industrials in a report on Friday, February 14th. They issued a “hold” rating and a $362.00 price target for the company. Finally, Wall Street Zen downgraded CSW Industrials from a “buy” rating to a “hold” rating in a report on Monday, February 3rd.

Insider Buying and Selling

In related news, Director Robert M. Swartz sold 200 shares of the 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 transaction, the director now directly owns 13,319 shares in the company, valued at approximately $4,091,729.99. This trade represents a 1.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Luke Alverson sold 1,100 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $292.12, for a total value of $321,332.00. Following the transaction, the senior vice president now owns 13,434 shares of the company’s stock, valued at approximately $3,924,340.08. The trade was a 7.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,276 shares of company stock worth $3,093,736. 1.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Intech Investment Management LLC boosted its position in CSW Industrials by 22.9% during the first quarter. Intech Investment Management LLC now owns 9,537 shares of the basic materials company’s stock valued at $2,780,000 after purchasing an additional 1,774 shares during the last quarter. United Services Automobile Association acquired a new position in CSW Industrials during the first quarter valued at approximately $305,000. Fred Alger Management LLC boosted its position in CSW Industrials by 5.3% during the first quarter. Fred Alger Management LLC now owns 59,857 shares of the basic materials company’s stock valued at $17,450,000 after purchasing an additional 3,006 shares during the last quarter. Select Equity Group L.P. boosted its position in CSW Industrials by 620.6% during the first quarter. Select Equity Group L.P. now owns 38,180 shares of the basic materials company’s stock valued at $11,130,000 after purchasing an additional 32,882 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. boosted its position in CSW Industrials by 3.3% during the first quarter. Punch & Associates Investment Management Inc. now owns 48,833 shares of the basic materials company’s stock valued at $14,236,000 after purchasing an additional 1,580 shares during the last quarter. 82.79% of the stock is currently owned by institutional investors.

CSW Industrials Trading Up 4.2%

NASDAQ CSWI opened at $313.62 on Friday. The stock has a 50-day simple moving average of $302.76 and a 200 day simple moving average of $337.67. The company has a market capitalization of $5.26 billion, a PE ratio of 37.47 and a beta of 0.96. CSW Industrials has a 12 month low of $248.90 and a 12 month high of $436.50.

CSW Industrials (NASDAQ:CSWI) last announced its quarterly earnings results on Thursday, May 22nd. The basic materials company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.23 by $0.01. CSW Industrials had a return on equity of 15.72% and a net margin of 15.53%. The company had revenue of $230.55 million during the quarter, compared to the consensus estimate of $232.82 million. During the same period in the prior year, the company earned $2.04 earnings per share. As a group, sell-side analysts predict that CSW Industrials will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 25th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, April 25th. This is an increase from CSW Industrials’s previous quarterly dividend of $0.24. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.34%. CSW Industrials’s dividend payout ratio (DPR) is presently 12.84%.

About CSW Industrials

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.