Citigroup Cuts CSW Industrials (NASDAQ:CSWI) Price Target to $313.00

CSW Industrials (NASDAQ:CSWI) had its target price trimmed by Citigroup from $364.00 to $313.00 in a research report released on Monday,Benzinga reports. The brokerage currently has a neutral rating on the basic materials company’s stock.

Other equities analysts have also recently issued research reports about the stock. Wells Fargo & Company cut their target price on shares of CSW Industrials from $350.00 to $295.00 and set an “equal weight” rating for the company in a research report on Monday. The Goldman Sachs Group decreased their target price on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. StockNews.com downgraded CSW Industrials from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Finally, Truist Financial began coverage on CSW Industrials in a report on Friday, February 14th. They set a “hold” rating and a $362.00 price objective on the stock. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $342.50.

CSW Industrials Stock Performance

Shares of NASDAQ CSWI opened at $295.36 on Monday. The company’s fifty day moving average is $296.83 and its two-hundred day moving average is $350.93. The firm has a market capitalization of $4.96 billion, a P/E ratio of 35.29 and a beta of 0.88. CSW Industrials has a one year low of $229.49 and a one year high of $436.50.

CSW Industrials (NASDAQ:CSWI) last issued its earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.11. CSW Industrials had a net margin of 15.53% and a return on equity of 15.72%. On average, sell-side analysts forecast 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 will be paid on Friday, May 9th. Stockholders of record on Friday, April 25th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.37%. This is an increase from CSW Industrials’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, April 25th. CSW Industrials’s dividend payout ratio (DPR) is 12.90%.

Insider Buying and Selling

In other news, SVP Luke Alverson sold 919 shares of CSW Industrials stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $303.21, for a total transaction of $278,649.99. Following the sale, the senior vice president now owns 14,353 shares in the company, valued at $4,351,973.13. This trade represents a 6.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $298.03, for a total transaction of $298,030.00. Following the completion of the transaction, the chief executive officer now owns 66,522 shares of the company’s stock, valued at $19,825,551.66. This trade represents a 1.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,631 shares of company stock valued at $2,551,912. 1.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. National Bank of Canada FI acquired a new position in shares of CSW Industrials in the 3rd quarter valued at approximately $28,000. Versant Capital Management Inc raised its holdings in CSW Industrials by 526.3% in the first quarter. Versant Capital Management Inc now owns 119 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 100 shares in the last quarter. IFP Advisors Inc boosted its stake in CSW Industrials by 510.5% during the 4th quarter. IFP Advisors Inc now owns 116 shares of the basic materials company’s stock valued at $42,000 after acquiring an additional 97 shares during the last quarter. GAMMA Investing LLC grew its holdings in CSW Industrials by 94.3% during the 4th quarter. GAMMA Investing LLC now owns 136 shares of the basic materials company’s stock worth $48,000 after acquiring an additional 66 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in shares of CSW Industrials in the 4th quarter worth about $51,000. Hedge funds and other institutional investors own 82.79% of the company’s stock.

CSW Industrials Company Profile

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.