T. Rowe Price Investment Manageme recently announced the acquisition of new stake in CSW Industrials Inc. (NASDAQ:CSWI). This fresh investment now brings its stake to 8.82% valued currently at $158.24 million. In addition, Allspring Global Investments LLC raised its holdings by 67244.0 to 1.34 million shares. And Neuberger Berman Investment Advis has lifted its position by 3.40% or 32451.0 shares – to 0.99 million shares.
With over 0.11 million CSW Industrials Inc. (CSWI) shares trading Monday and a closing price of $128.73 on the day, the dollar volume was approximately $14.11 million. The shares have shown a positive half year performance of 14.60% and its price on 01/23/23 gained nearly 5.21%. Currently, there are 15.44M common shares owned by the public and among those 14.69M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 2 analysts who have offered their price forecasts for CSWI have a consensus price objective of $148.00. The analysts have set the share’s price value over the next 12 months at a high of $148.00 and a low of $148.00. The average price target is 13.02% above its recent price level and an upside to the estimated low will see the stock gain 13.02% over that period. But an upside of 13.02% will see the stock hit the forecast high price target while median target price for the stock is $148.00.
Insiders at the company have transacted a total of 50 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 18 of these insider trades were purchases, accounting for 86,613 shares. Insider sales of the common stock occurred on 32 occasions, with total insider shares sold totaling 69,423 shares.
The top 3 mutual fund holders in CSW Industrials Inc. are Allspring Special Small Cap Value, Neuberger Berman Genesis Fund, and Vanguard Total Stock Market Index. Allspring Special Small Cap Value owns 0.87 million shares of the company’s stock, all valued at over $100.52 million. The company bought an additional 4500.0 shares recently to bring their total holdings to about 5.60% of the shares outstanding. Neuberger Berman Genesis Fund bought 18662.0 shares to see its total holdings expand to 0.66 million shares valued at over $76.12 million and representing 4.24% of the shares outstanding. Vanguard Total Stock Market Index bought 26457.0 shares to bring its total holdings to over 0.48 million shares at a value of $56.03 million. Vanguard Total Stock Market Index now owns shares totaling to 3.12% of the shares outstanding.
Shares of CSW Industrials Inc. (NASDAQ: CSWI) opened at $122.05, down -$0.31 from a prior closing price of $122.36. However, the script later moved the day high at 128.98, up 5.21%. The company’s stock has a 5-day price change of -1.79% and 11.81% over the past three months. CSWI shares are trading 11.04% year to date (YTD), with the 12-month market performance up to 11.23% higher. It has a 12-month low price of $96.03 and touched a high of $144.02 over the same period. CSWI has an average intraday trading volume of 65.34K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.63%, 8.20%, and 10.27% respectively.
Institutional ownership of CSW Industrials Inc. (NASDAQ: CSWI) shares accounts for 81.00% of the company’s 15.44M shares outstanding. Mutual fund holders own 28.14%, while other institutional holders and individual stakeholders account for 54.60% and 2.33% respectively.
It has a market capitalization of $1.97B and a beta (3y monthly) value of 0.78. The stock’s trailing 12-month PE ratio is 24.60, while the earnings-per-share (ttm) stands at $5.23. The company has a PEG of 2.05 and a Quick Ratio of 1.40 with the debt-to-equity ratio at 0.56. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.15% over the week and 3.69% over the month.
Analysts forecast that CSW Industrials Inc. (CSWI) will achieve an EPS of $1.68 for the current quarter, $0.78 for the next quarter and $6.27 for 2024. The lowest estimate earnings-per-share for the quarter is $1.5 while analysts give the company a high EPS estimate of $1.86. Comparatively, EPS for the current quarter was $1.14 a year ago. Earnings per share for the fiscal year are expected to increase by 55.60%, and 7.78% over the next financial year. EPS should shrink at an annualized rate of 12.00% over the next five years, compared to 30.20% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 2 brokerage firm advisors rate CSW Industrials Inc. (CSWI) as a “Strong Buy” at a consensus score of 1.50. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 0 of the 2 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the CSWI, a number of firms have released research notes about the stock. Sidoti stated their Buy rating for the stock in a research note on March 31, 2022, with the firm’s price target at $149. Barrington Research coverage for the CSW Industrials Inc. (CSWI) stock in a research note released on January 19, 2021 offered a Outperform rating with a price target of $147. Sidoti was of a view on December 20, 2017 that the stock is Neutral, while B. Riley FBR Inc. gave the stock Buy rating on November 08, 2017, issuing a price target of $48- $60. Wunderlich on their part issued Buy rating on June 16, 2016.
