CSW Industrials, Inc. (CSWI) Downgraded by Zacks Investment Research
CSW Industrials, Inc. (NASDAQ:CSWI) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday.
According to Zacks, “CSW Industrials, Inc. manufactures and sells industrial products; coatings, sealants, adhesives and specialty chemicals. The company offers HVAC mechanical, building and fire/smoke prevention, lubricating and filtration equipment for commercial construction, HVAC and rail companies. In addition, it offers engineered specialty lubricants and greases, degreasers and cleaners for oilfield, mining, industrial, rail and HVAC customers. The Company’s brand includes Novent, Goliath, Railplex, Paragon and Versatac.CSW Industrials, Inc. is based in Dallas, Texas. “
CSWI has been the topic of a number of other research reports. BidaskClub upgraded CSW Industrials from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. FBR & Co restated a “buy” rating on shares of CSW Industrials in a research note on Friday, September 22nd.
CSW Industrials (NASDAQ CSWI) traded down 0.63% during trading on Tuesday, hitting $47.05. The stock had a trading volume of 79,805 shares. The firm’s 50 day moving average is $42.81 and its 200 day moving average is $38.59. The firm has a market cap of $745.51 million, a price-to-earnings ratio of 48.01 and a beta of 1.36. CSW Industrials has a 1-year low of $29.25 and a 1-year high of $48.85.
CSW Industrials (NASDAQ:CSWI) last issued its earnings results on Wednesday, August 9th. The basic materials company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.10. CSW Industrials had a return on equity of 10.53% and a net margin of 4.54%. The firm had revenue of $98.03 million for the quarter, compared to the consensus estimate of $94.90 million. During the same quarter in the previous year, the company posted $0.51 earnings per share. The business’s quarterly revenue was up 16.5% compared to the same quarter last year. On average, analysts anticipate that CSW Industrials will post $2.00 earnings per share for the current year.
Several large investors have recently made changes to their positions in CSWI. Janus Henderson Group PLC acquired a new stake in shares of CSW Industrials in the second quarter worth about $34,698,000. Janus Capital Management LLC lifted its position in shares of CSW Industrials by 60.0% in the first quarter. Janus Capital Management LLC now owns 729,515 shares of the basic materials company’s stock worth $26,773,000 after buying an additional 273,439 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of CSW Industrials by 16.1% in the second quarter. Wells Fargo & Company MN now owns 1,196,004 shares of the basic materials company’s stock worth $46,225,000 after buying an additional 165,559 shares during the last quarter. American Century Companies Inc. lifted its position in shares of CSW Industrials by 13.7% in the second quarter. American Century Companies Inc. now owns 1,046,555 shares of the basic materials company’s stock worth $40,449,000 after buying an additional 126,308 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its position in shares of CSW Industrials by 24.3% in the second quarter. Lazard Asset Management LLC now owns 626,162 shares of the basic materials company’s stock worth $24,201,000 after buying an additional 122,271 shares during the last quarter. 69.44% of the stock is owned by institutional investors.
About CSW Industrials
CSW Industrials, Inc (CSWI) is a diversified industrial growth company. The Company operates through three segments: Industrial Products; Coatings, Sealants & Adhesives, and Specialty Chemicals. The Industrial Products segment consists of specialty mechanical products; fire and smoke protection products; architecturally specified building products, and storage, filtration and application equipment.
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