Zacks: CSW Industrials, Inc. (CSWI) Receives Average Rating of “Strong Buy” from Analysts
CSW Industrials, Inc. (NASDAQ:CSWI) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Brokerages have set a 12 month consensus price objective of $48.00 for the company and are predicting that the company will post $0.54 earnings per share for the current quarter, according to Zacks. Zacks has also given CSW Industrials an industry rank of 92 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research raised CSW Industrials from a “sell” rating to a “hold” rating in a research note on Thursday, March 30th.
Shares of CSW Industrials (CSWI) traded down 2.11% on Wednesday, reaching $37.20. 84,016 shares of the company traded hands. The firm’s 50 day moving average is $35.98 and its 200 day moving average is $36.35. The company has a market capitalization of $589.55 million, a P/E ratio of 58.13 and a beta of 1.42. CSW Industrials has a one year low of $29.25 and a one year high of $41.85.
CSW Industrials (NASDAQ:CSWI) last released its earnings results on Wednesday, June 14th. The basic materials company reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.03. CSW Industrials had a return on equity of 9.95% and a net margin of 3.38%. The firm had revenue of $87.30 million for the quarter, compared to analysts’ expectations of $80.41 million. The business’s quarterly revenue was up 14.5% on a year-over-year basis. Analysts expect that CSW Industrials will post $2.00 earnings per share for the current fiscal year.
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Several hedge funds have recently made changes to their positions in CSWI. Janus Capital Management LLC raised its stake in shares of CSW Industrials by 60.0% in the first quarter. Janus Capital Management LLC now owns 729,515 shares of the basic materials company’s stock worth $26,773,000 after buying an additional 273,439 shares during the last quarter. Gotham Asset Management LLC purchased a new stake in shares of CSW Industrials during the first quarter worth approximately $259,000. Bank of America Corp DE raised its stake in shares of CSW Industrials by 28.0% in the first quarter. Bank of America Corp DE now owns 15,166 shares of the basic materials company’s stock worth $557,000 after buying an additional 3,313 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in shares of CSW Industrials during the first quarter worth approximately $718,000. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of CSW Industrials by 19.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 66,192 shares of the basic materials company’s stock worth $2,430,000 after buying an additional 10,921 shares during the last quarter. 66.31% of the stock is currently owned by hedge funds and other institutional investors.
CSW Industrials Company Profile
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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