Shares of CSW Industrials Inc (NASDAQ:CSWI) have received a consensus broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. CSW Industrials’ rating score has declined by 100% in the last three months as a result of a number of analysts’ ratings changes.
Analysts have set a twelve-month consensus price objective of $60.00 for the company and are expecting that the company will post $0.49 EPS for the current quarter, according to Zacks. Zacks has also assigned CSW Industrials an industry rank of 195 out of 265 based on the ratings given to related companies.
CSWI has been the topic of a number of recent analyst reports. BidaskClub cut shares of CSW Industrials from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. Sidoti initiated coverage on shares of CSW Industrials in a report on Wednesday, December 20th. They issued a “neutral” rating on the stock. Zacks Investment Research cut shares of CSW Industrials from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. Finally, B. Riley raised their price target on shares of CSW Industrials from $48.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, November 8th.
Shares of CSW Industrials (NASDAQ CSWI) traded up $0.80 on Friday, hitting $47.05. 54,700 shares of the stock traded hands, compared to its average volume of 43,981. CSW Industrials has a 1-year low of $34.05 and a 1-year high of $50.00. The stock has a market capitalization of $751.35, a P/E ratio of -47.05 and a beta of 1.26. The company has a current ratio of 3.03, a quick ratio of 1.99 and a debt-to-equity ratio of 0.15.
CSW Industrials (NASDAQ:CSWI) last posted its earnings results on Thursday, February 8th. The basic materials company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. The business had revenue of $69.03 million for the quarter, compared to the consensus estimate of $79.04 million. CSW Industrials had a negative net margin of 4.49% and a positive return on equity of 11.16%. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.12 EPS. sell-side analysts forecast that CSW Industrials will post 2.01 EPS for the current year.
In other news, Chairman Joseph B. Armes sold 4,250 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $45.89, for a total value of $195,032.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.10% of the stock is currently owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new stake in CSW Industrials in the 3rd quarter worth approximately $129,000. Teacher Retirement System of Texas acquired a new stake in CSW Industrials in the 4th quarter worth approximately $250,000. Stone Ridge Asset Management LLC acquired a new stake in CSW Industrials in the 4th quarter worth approximately $258,000. MetLife Investment Advisors LLC acquired a new stake in CSW Industrials in the 4th quarter worth approximately $283,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in CSW Industrials in the 3rd quarter worth approximately $291,000. Institutional investors own 65.76% 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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