CSW Industrials (NASDAQ:CSWI) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Saturday, January 13th.
Several other analysts have also issued reports on CSWI. B. Riley restated a “buy” rating and issued a $60.00 price target (up from $48.00) on shares of CSW Industrials in a research report on Wednesday, November 1st. Zacks Investment Research upgraded shares of CSW Industrials from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a research report on Tuesday, January 2nd. Sidoti started coverage on shares of CSW Industrials in a research report on Wednesday, December 20th. They set a “neutral” rating on the stock. Finally, FBR & Co reiterated a “buy” rating on shares of CSW Industrials in a research report on Friday, September 22nd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. CSW Industrials currently has a consensus rating of “Hold” and an average price target of $55.50.
Shares of CSW Industrials (NASDAQ CSWI) opened at $49.10 on Friday. 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 cap of $774.53, a price-to-earnings ratio of 25.66 and a beta of 1.35. CSW Industrials has a 12-month low of $34.05 and a 12-month high of $50.00.
CSW Industrials (NASDAQ:CSWI) last posted its quarterly earnings results on Wednesday, November 8th. The basic materials company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.01. The company had revenue of $90.40 million for the quarter, compared to analyst estimates of $91.52 million. CSW Industrials had a net margin of 5.39% and a return on equity of 10.77%. The business’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period last year, the business posted $0.48 EPS. sell-side analysts predict that CSW Industrials will post 1.99 earnings per share for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in CSWI. Janus Henderson Group PLC acquired a new position in CSW Industrials in the second quarter valued at about $34,698,000. Wells Fargo & Company MN boosted its position in 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 valued at $46,225,000 after buying an additional 165,559 shares in the last quarter. Lazard Asset Management LLC boosted its position in 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 valued at $24,201,000 after buying an additional 122,271 shares in the last quarter. King Luther Capital Management Corp acquired a new position in CSW Industrials in the third quarter valued at about $2,048,000. Finally, Dimensional Fund Advisors LP boosted its position in CSW Industrials by 18.6% in the third quarter. Dimensional Fund Advisors LP now owns 242,438 shares of the basic materials company’s stock valued at $10,752,000 after buying an additional 37,990 shares in the last quarter. Hedge funds and other institutional investors own 67.79% 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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