JPMorgan Chase & Co. Upgrades CSW Industrials (NYSE:CSW) to “Overweight”

CSW Industrials (NYSE:CSW) was upgraded by stock analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a note issued to investors on Wednesday, MarketBeat reports. The firm currently has a $350.00 price objective on the basic materials company’s stock, up from their prior price objective of $300.00. JPMorgan Chase & Co.‘s price target points to a potential upside of 16.62% from the company’s current price.

Other equities analysts also recently issued reports about the company. Zacks Research downgraded CSW Industrials from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 8th. Weiss Ratings reissued a “hold (c)” rating on shares of CSW Industrials in a research note on Monday. Citigroup dropped their price objective on CSW Industrials from $261.00 to $259.00 and set a “neutral” rating on the stock in a report on Monday, November 3rd. Truist Financial boosted their price target on CSW Industrials from $273.00 to $276.00 and gave the stock a “hold” rating in a research report on Wednesday, October 8th. Finally, Jefferies Financial Group set a $350.00 target price on shares of CSW Industrials in a research note on Wednesday. One equities research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $320.00.

CSW Industrials Price Performance

CSW stock opened at $300.11 on Wednesday. The firm has a market cap of $5.01 billion, a P/E ratio of 35.22 and a beta of 0.83. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.32 and a current ratio of 2.76. CSW Industrials has a 1 year low of $230.45 and a 1 year high of $419.27. The stock has a 50-day simple moving average of $250.52 and a 200-day simple moving average of $272.03.

CSW Industrials (NYSE:CSW) last posted its quarterly earnings data on Thursday, October 30th. The basic materials company reported $2.96 EPS for the quarter, beating analysts’ consensus estimates of $2.73 by $0.23. CSW Industrials had a net margin of 14.88% and a return on equity of 14.74%. On average, equities analysts predict that CSW Industrials will post 8.49 earnings per share for the current fiscal year.

Insider Activity at CSW Industrials

In related news, SVP Luke Alverson sold 280 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $272.95, for a total value of $76,426.00. Following the completion of the sale, the senior vice president owned 13,110 shares of the company’s stock, valued at $3,578,374.50. This trade represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Jeff Underwood sold 370 shares of the business’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $278.96, for a total value of $103,215.20. Following the sale, the senior vice president owned 5,853 shares of the company’s stock, valued at approximately $1,632,752.88. The trade was a 5.95% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 4,230 shares of company stock valued at $1,089,141 over the last three months. 1.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On CSW Industrials

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CSW. Royal Bank of Canada boosted its stake in CSW Industrials by 7.7% during the 1st quarter. Royal Bank of Canada now owns 53,371 shares of the basic materials company’s stock worth $15,558,000 after acquiring an additional 3,835 shares during the last quarter. Intech Investment Management LLC grew its position in shares of CSW Industrials by 22.9% in the 1st quarter. Intech Investment Management LLC now owns 9,537 shares of the basic materials company’s stock valued at $2,780,000 after purchasing an additional 1,774 shares during the period. Voya Investment Management LLC increased its stake in CSW Industrials by 37.1% during the 1st quarter. Voya Investment Management LLC now owns 11,662 shares of the basic materials company’s stock worth $3,400,000 after purchasing an additional 3,157 shares in the last quarter. Strs Ohio bought a new stake in shares of CSW Industrials during the first quarter worth $1,312,000. Finally, Fred Alger Management LLC lifted its position in CSW Industrials by 5.3% in the 1st quarter. Fred Alger Management LLC now owns 59,857 shares of the basic materials company’s stock valued at $17,450,000 after acquiring an additional 3,006 shares in the last quarter. Institutional investors own 82.79% of the company’s stock.

CSW Industrials Company Profile

CSW Industrials, Inc operates as a diversified industrial company in the United States and internationally. It operates through three segments: Contractor Solutions, Engineered Building Solutions, and Specialized Reliability Solutions. The Contractor Solutions segment provides condensate pads, pans, pumps, switches, and traps; cements, diffusers, grilles, registers, solvents, thread sealants, and vents; line set covers; refrigerant caps; wire pulling head tools; electrical protection, chemical maintenance, and installation supplies for HVAC; ductless mini-split systems installation support tools and accessories; and drain waste and vent system products for use in HVAC/R, plumbing, general industrial, architecturally specified building products.