CSW Industrials (NYSE:CSW) Shares Gap Up – Here’s Why

by · The Cerbat Gem

Shares of CSW Industrials, Inc. (NYSE:CSW – Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $316.57, but opened at $328.60. CSW Industrials shares last traded at $322.8650, with a volume of 58,583 shares traded.

Analyst Ratings Changes

A number of brokerages have recently commented on CSW. Truist Financial increased their price target on CSW Industrials from $273.00 to $276.00 and gave the company a “hold” rating in a research note on Wednesday, October 8th. Citigroup boosted their target price on shares of CSW Industrials from $259.00 to $311.00 and gave the stock a “neutral” rating in a report on Monday, December 8th. CJS Securities raised shares of CSW Industrials to a “strong-buy” rating in a research note on Thursday, December 11th. JPMorgan Chase & Co. upgraded shares of CSW Industrials from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $300.00 to $350.00 in a report on Wednesday, December 3rd. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $302.00 price objective on shares of CSW Industrials in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $314.83.

View Our Latest Analysis on CSW Industrials

CSW Industrials Stock Up 0.6%

The firm has a market cap of $5.32 billion, a price-to-earnings ratio of 37.48 and a beta of 0.83. The firm has a 50 day moving average of $259.16 and a 200 day moving average of $271.41. The company has a quick ratio of 1.32, a current ratio of 2.76 and a debt-to-equity ratio of 0.05.

CSW Industrials (NYSE:CSW – Get Free Report) last posted its quarterly earnings results on Thursday, October 30th. The basic materials company reported $2.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.73 by $0.23. CSW Industrials had a return on equity of 14.74% and a net margin of 14.88%. As a group, sell-side analysts predict that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, October 31st were issued a dividend of $0.27 per share. The ex-dividend date was Friday, October 31st. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. CSW Industrials’s dividend payout ratio is currently 12.68%.

Insider Activity at CSW Industrials

In other CSW Industrials news, EVP James E. Perry sold 580 shares of the stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $275.00, for a total value of $159,500.00. Following the transaction, the executive vice president owned 25,349 shares in the company, valued at approximately $6,970,975. This represents a 2.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Luke Alverson sold 280 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $272.95, for a total value of $76,426.00. Following the completion of the sale, the senior vice president directly owned 13,110 shares of the company’s stock, valued at $3,578,374.50. This trade represents a 2.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 7,366 shares of company stock worth $2,085,773. 1.30% of the stock is currently owned by insiders.

Institutional Trading of CSW Industrials

A number of hedge funds and other institutional investors have recently bought and sold shares of CSW. Matrix Trust Co raised its holdings in CSW Industrials by 91.1% during the second quarter. Matrix Trust Co now owns 86 shares of the basic materials company’s stock worth $25,000 after buying an additional 41 shares during the last quarter. Harbor Investment Advisory LLC increased its position in shares of CSW Industrials by 27.3% during the second quarter. Harbor Investment Advisory LLC now owns 275 shares of the basic materials company’s stock worth $79,000 after acquiring an additional 59 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of CSW Industrials by 3.4% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,423 shares of the basic materials company’s stock worth $1,003,000 after acquiring an additional 113 shares during the last quarter. Argent Capital Management LLC lifted its position in CSW Industrials by 5.6% in the 2nd quarter. Argent Capital Management LLC now owns 2,180 shares of the basic materials company’s stock valued at $625,000 after acquiring an additional 116 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in CSW Industrials by 44.6% during the 2nd quarter. GAMMA Investing LLC now owns 428 shares of the basic materials company’s stock valued at $123,000 after purchasing an additional 132 shares during the last quarter. Institutional investors own 82.79% of the company’s stock.

About CSW Industrials

(Get Free Report)

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.

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