CSW Industrials (CSWI) Lifted to “Strong-Buy” at Zacks Investment Research

CSW Industrials (NASDAQ:CSWI) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday. The brokerage presently has a $52.00 target price on the basic materials company’s stock. Zacks Investment Research‘s target price points to a potential upside of 13.17% from the stock’s previous close.

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. “

Other analysts have also issued reports about the company. B. Riley restated a “buy” rating and issued a $60.00 target price (up from $48.00) on shares of CSW Industrials in a research note on Wednesday, November 1st. BidaskClub lowered CSW Industrials from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. Finally, Sidoti assumed coverage on CSW Industrials in a research note on Wednesday, December 20th. They issued a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. CSW Industrials presently has a consensus rating of “Buy” and an average price target of $56.00.

Shares of CSW Industrials (NASDAQ:CSWI) traded up $0.60 during trading on Wednesday, reaching $45.95. The company had a trading volume of 100,570 shares, compared to its average volume of 44,009. The company has a market capitalization of $732.99, a price-to-earnings ratio of -45.95 and a beta of 1.26. 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 1.99, a current ratio of 3.03 and a debt-to-equity ratio of 0.15.

CSW Industrials (NASDAQ:CSWI) last issued its earnings results on Thursday, February 8th. The basic materials company reported $0.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.03. The firm had revenue of $69.03 million for the quarter, compared to analyst estimates of $79.04 million. CSW Industrials had a positive return on equity of 11.16% and a negative net margin of 4.49%. The business’s revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.12 earnings per share. research analysts anticipate that CSW Industrials will post 2.01 EPS for the current fiscal year.

In other CSW Industrials news, Chairman Joseph B. Armes sold 4,250 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $45.89, for a total value of $195,032.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.10% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the business. New York State Common Retirement Fund raised its stake in shares of CSW Industrials by 0.7% in the second quarter. New York State Common Retirement Fund now owns 14,900 shares of the basic materials company’s stock valued at $576,000 after buying an additional 99 shares during the period. Nationwide Fund Advisors raised its stake in shares of CSW Industrials by 6.3% during the 2nd quarter. Nationwide Fund Advisors now owns 9,904 shares of the basic materials company’s stock valued at $383,000 after purchasing an additional 587 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of CSW Industrials by 1.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 67,032 shares of the basic materials company’s stock valued at $2,591,000 after purchasing an additional 840 shares during the period. Teachers Advisors LLC raised its stake in shares of CSW Industrials by 3.7% during the 2nd quarter. Teachers Advisors LLC now owns 25,224 shares of the basic materials company’s stock valued at $975,000 after purchasing an additional 896 shares during the period. Finally, Voya Investment Management LLC raised its stake in shares of CSW Industrials by 13.9% during the 2nd quarter. Voya Investment Management LLC now owns 8,436 shares of the basic materials company’s stock valued at $326,000 after purchasing an additional 1,027 shares during the period. Hedge funds and other institutional investors own 67.54% of the company’s stock.

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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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