Truist Financial Increases CSW Industrials (NYSE:CSW) Price Target to $301.00
by Amy Steele · The Cerbat GemCSW Industrials (NYSE:CSW – Get Free Report) had its price objective raised by equities research analysts at Truist Financial from $292.00 to $301.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “hold” rating on the basic materials company’s stock. Truist Financial’s target price would indicate a potential upside of 3.43% from the company’s previous close.
Several other equities analysts have also commented on CSW. Weiss Ratings restated a “hold (c+)” rating on shares of CSW Industrials in a research note on Monday, December 29th. Robert W. Baird started coverage on CSW Industrials in a research note on Tuesday, February 17th. They set an “outperform” rating and a $378.00 price target on the stock. Wells Fargo & Company cut their price target on CSW Industrials from $300.00 to $280.00 and set an “equal weight” rating on the stock in a research note on Monday, February 2nd. The Goldman Sachs Group raised their price target on CSW Industrials from $302.00 to $333.00 and gave the company a “neutral” rating in a research note on Tuesday, January 13th. Finally, Citigroup cut their price target on CSW Industrials from $333.00 to $307.00 and set a “neutral” rating on the stock in a research note on Friday, January 30th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $328.43.
Check Out Our Latest Stock Report on CSW
CSW Industrials Stock Performance
CSW stock opened at $291.02 on Monday. 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 business’s fifty day simple moving average is $280.97 and its two-hundred day simple moving average is $279.52. CSW Industrials has a twelve month low of $230.45 and a twelve month high of $338.90. The firm has a market cap of $4.79 billion, a price-to-earnings ratio of 38.60 and a beta of 0.84.
CSW Industrials (NYSE:CSW – Get Free Report) last released its earnings results on Thursday, January 29th. The basic materials company reported $1.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.51). The business had revenue of $232.99 million during the quarter, compared to analysts’ expectations of $249.36 million. CSW Industrials had a return on equity of 14.55% and a net margin of 12.64%. Analysts predict that CSW Industrials will post 8.49 earnings per share for the current year.
Insider Buying and Selling
In other CSW Industrials news, EVP Don Sullivan sold 166 shares of CSW Industrials stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $300.26, for a total value of $49,843.16. Following the transaction, the executive vice president owned 21,567 shares in the company, valued at $6,475,707.42. The trade was a 0.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Darron K. Ash bought 300 shares of the business’s stock in a transaction on Friday, March 13th. The stock was bought at an average price of $256.62 per share, for a total transaction of $76,986.00. Following the purchase, the director directly owned 1,155 shares of the company’s stock, valued at $296,396.10. The trade was a 35.09% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 3,173 shares of company stock worth $905,981 over the last ninety days. 1.30% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On CSW Industrials
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. 1900 Wealth Management LLC purchased a new position in CSW Industrials in the fourth quarter valued at about $5,363,000. Jacobson & Schmitt Advisors LLC purchased a new position in CSW Industrials in the fourth quarter valued at about $18,341,000. Avior Wealth Management LLC purchased a new position in CSW Industrials in the fourth quarter valued at about $807,000. Harbor Capital Advisors Inc. purchased a new stake in shares of CSW Industrials during the fourth quarter worth about $2,359,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of CSW Industrials during the fourth quarter worth about $41,461,000. Hedge funds and other institutional investors own 82.79% of the company’s stock.
CSW Industrials Company Profile
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.