B. Riley Analysts Give CSW Industrials (CSWI) a $60.00 Price Target

CSW Industrials (NASDAQ:CSWI) received a $60.00 price target from equities research analysts at B. Riley in a research report issued to clients and investors on Thursday. The firm presently has a “buy” rating on the basic materials company’s stock. B. Riley’s price target would indicate a potential upside of 41.51% from the stock’s previous close.

CSWI has been the topic of a number of other research reports. Sidoti assumed coverage on CSW Industrials in a research report on Wednesday, December 20th. They set a “neutral” rating on the stock. Zacks Investment Research raised CSW Industrials from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a research report on Tuesday, January 2nd. Finally, BidaskClub lowered CSW Industrials from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. CSW Industrials currently has an average rating of “Hold” and an average target price of $55.50.

CSW Industrials (CSWI) traded down $2.15 during trading on Thursday, hitting $42.40. The stock had a trading volume of 57,040 shares, compared to its average volume of 33,927. CSW Industrials has a 1-year low of $34.05 and a 1-year high of $50.00. The company has a quick ratio of 2.06, a current ratio of 3.12 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $716.24, a price-to-earnings ratio of 35.33 and a beta of 1.26.

CSW Industrials (NASDAQ:CSWI) last posted its quarterly earnings data on Wednesday, November 8th. The basic materials company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. CSW Industrials had a return on equity of 10.77% and a net margin of 5.39%. The business had revenue of $90.40 million for the quarter, compared to analyst estimates of $91.52 million. During the same quarter in the prior year, the company earned $0.48 earnings per share. The company’s revenue was up 12.9% on a year-over-year basis. equities research analysts expect that CSW Industrials will post 1.99 EPS for the current year.

A number of large investors have recently bought and sold shares of CSWI. Schwab Charles Investment Management Inc. increased its holdings in CSW Industrials by 1.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 67,032 shares of the basic materials company’s stock valued at $2,591,000 after buying an additional 840 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in CSW Industrials by 2.0% in the second quarter. Bank of New York Mellon Corp now owns 63,216 shares of the basic materials company’s stock valued at $2,443,000 after buying an additional 1,255 shares during the last quarter. Alliancebernstein L.P. purchased a new position in CSW Industrials in the second quarter valued at $348,000. Teachers Advisors LLC increased its holdings in CSW Industrials by 3.7% in the second quarter. Teachers Advisors LLC now owns 25,224 shares of the basic materials company’s stock valued at $975,000 after buying an additional 896 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its holdings in CSW Industrials by 9.2% in the second quarter. TIAA CREF Investment Management LLC now owns 38,642 shares of the basic materials company’s stock valued at $1,494,000 after buying an additional 3,262 shares during the last quarter. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

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CSW Industrials Company Profile

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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