Zacks: Brokerages Set $60.00 Target Price for CSW Industrials Inc (CSWI)

Shares of CSW Industrials Inc (NASDAQ:CSWI) have been assigned a consensus broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company. CSW Industrials’ rating score has declined by 100% from three months ago as a result of various analysts’ ratings changes.

Analysts have set a one year consensus price objective of $60.00 for the company and are expecting that the company will post $0.29 earnings per share for the current quarter, according to Zacks. Zacks has also given CSW Industrials an industry rank of 180 out of 265 based on the ratings given to its competitors.

CSWI has been the topic of a number of research analyst reports. B. Riley reaffirmed a “buy” rating and set a $60.00 target price (up previously from $48.00) on shares of CSW Industrials in a report on Wednesday, November 1st. BidaskClub downgraded CSW Industrials from a “hold” rating to a “sell” rating in a report on Wednesday. Sidoti initiated coverage on CSW Industrials in a report on Wednesday, December 20th. They set a “neutral” rating on the stock. Finally, Zacks Investment Research raised CSW Industrials from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a report on Tuesday, January 2nd.

Shares of CSW Industrials (NASDAQ:CSWI) traded down $0.60 on Friday, reaching $46.65. The company had a trading volume of 44,187 shares, compared to its average volume of 30,978. The stock has a market capitalization of $745.00, a P/E ratio of 38.88 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 debt-to-equity ratio of 0.18, a current ratio of 3.12 and a quick ratio of 2.06.

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

Large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new position in CSW Industrials during the 3rd quarter worth approximately $129,000. Westwood Holdings Group Inc. bought a new position in CSW Industrials during the 2nd quarter worth approximately $186,000. Dynamic Technology Lab Private Ltd bought a new position in CSW Industrials during the 3rd quarter worth approximately $291,000. Voya Investment Management LLC lifted its holdings in 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 worth $326,000 after buying an additional 1,027 shares during the last quarter. Finally, Alliancebernstein L.P. bought a new position in CSW Industrials during the 2nd quarter worth approximately $348,000. 67.83% of the stock is currently owned by institutional investors.

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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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