CSW Industrials, Inc. (NASDAQ:CSWI) is expected to post earnings of $0.86 per share in the third quarter of 2023

By Juan S. Gallegos On Aug 11, 2022

CSW Industrials, Inc. (NASDAQ:CSWI – Get Rating) – Equity research analysts Barrington Research have cut their third quarter 2023 earnings per share (EPS) estimates for CSW Industrials shares in a research report published on Tuesday, August 9. Barrington Research analyst C. Howe now expects the basic materials company to post earnings of $0.86 per share for the quarter, down from its previous forecast of $0.93. The consensus estimate for CSW Industrials‘ current annual earnings is $5.15 per share. Barrington Research also released CSW Industrials earnings estimates for the fourth quarter of 2023 at $1.60 EPS.

CSW Industrials (NASDAQ:CSWI – Get Rating) last released its quarterly earnings data on Wednesday, May 18. The basic materials company reported earnings per share (EPS) of $1.17 for the quarter, beating the consensus estimate of $1.04 by $0.13. CSW Industrials had a return on equity of 16.10% and a net margin of 11.16%. The company posted revenue of $173.30 million in the quarter, compared to $150.19 million expected by analysts. In the same quarter a year earlier, the company posted EPS of $0.88.

Separately, StockNews.com downgraded CSW Industrials from a “buy” rating to a “hold” rating in a research rating on Monday.

CSW Industrials Price Performance

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Shares of CSW Industrials opened at $134.21 on Thursday. The company has a quick ratio of 1.28, a current ratio of 2.72 and a leverage ratio of 0.59. CSW Industrials has a 12-month low of $96.03 and a 12-month high of $145.50. The company has a 50-day moving average price of $109.17 and a 200-day moving average price of $111.35. The company has a market capitalization of $2.07 billion, a PE ratio of 28.49 and a beta of 0.84.

CSW Industrials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 12. Shareholders of record on Friday, July 29 will receive a dividend of $0.17 per share. This represents an annualized dividend of $0.68 and a dividend yield of 0.51%. The ex-date of this dividend is Thursday, July 28. CSW Industrials’ dividend payout ratio is currently 14.44%.

Insider Trading at CSW Industrials

Separately, CEO Joseph B. Armes sold 500 shares of the company in a trade that took place on Friday, July 29. The stock was sold at an average price of $120.10, for a total transaction of $60,050.00. As a result of the transaction, the CEO now directly owns 72,196 shares of the company, valued at approximately $8,670,739.60. The sale was disclosed in a legal filing with the SEC, which is available on the SEC’s website. In related news, CEO Joseph B. Armes sold 6,073 shares of the company in a trade that took place on Monday, August 1. The stock was sold at an average price of $120.44, for a total value of $731,432.12. As a result of the transaction, the CEO now directly owns 66,123 shares of the company, valued at $7,963,854.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Additionally, CEO Joseph B. Armes sold 500 shares of the company in a trade that took place on Friday, July 29. The shares were sold at an average price of $120.10, for a total value of $60,050.00. Following completion of the transaction, the CEO now owns 72,196 shares of the company, valued at $8,670,739.60. The disclosure of this sale can be found here. Insiders own 1.40% of the shares of the company.

Institutional entries and exits

A number of large investors have recently increased or reduced their stake in the company. First Horizon Advisors Inc. purchased a new stake in shares of CSW Industrials during the second quarter at a value of $27,000. UMB Bank NA MO bought a new position in shares of CSW Industrials during the fourth quarter for a value of approximately $36,000. Elmwood Wealth Management Inc. bought a new stock position in CSW Industrials during the fourth quarter for a value of approximately $50,000. Lazard Asset Management LLC increased its stake in CSW Industrials shares by 13.2% during the fourth quarter. Lazard Asset Management LLC now owns 761 shares of the basic materials company worth $91,000 after buying 89 additional shares during the period. Finally, US Bancorp DE increased its stake in CSW Industrials shares by 14.7% during the first quarter. US Bancorp DE now owns 1,642 shares of the basic materials company worth $193,000 after buying 210 more shares during the period. 76.27% of the shares are currently held by institutional investors and hedge funds.

CSW Industrials Company Profile

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CSW Industrials, Inc. operates as a diversified industrial company in the United States and internationally. It operates through three segments: Contractor Solutions, Engineering Construction Solutions and Specialty Reliability Solutions. The Contractor Solutions segment provides cements, diffusers, grates, dampers, solvents, thread sealants, traps and vents for use in HVAC/R, plumbing, general industrial, architectural and construction specified.