CSW Industrials, Inc. (CSWI) Upgraded to Strong-Buy at Zacks Investment Research
Zacks Investment Research upgraded shares of CSW Industrials, Inc. (NASDAQ:CSWI) from a hold rating to a strong-buy rating in a research report released on Friday. The brokerage currently has $50.00 target price on the basic materials company’s stock.
According to Zacks, “CSW Industrials, Inc. manufactures and sells industrial products; coatings, sealants, adhesives and specialty chemicals. The company offers HVAC mechanical, building and fire/smoke prevention, lubricating and filtration equipment for commercial construction, HVAC and rail companies. In addition, it offers engineered specialty lubricants and greases, degreasers and cleaners for oilfield, mining, industrial, rail and HVAC customers. The Company’s brand includes Novent, Goliath, Railplex, Paragon and Versatac.CSW Industrials, Inc. is based in Dallas, Texas. “
CSWI has been the topic of several other reports. FBR & Co reiterated a buy rating on shares of CSW Industrials in a research report on Friday. BidaskClub upgraded CSW Industrials from a sell rating to a hold rating in a report on Friday, August 11th.
CSW Industrials (NASDAQ CSWI) traded up 0.46% during mid-day trading on Friday, reaching $43.80. The company’s stock had a trading volume of 25,877 shares. CSW Industrials has a 1-year low of $29.25 and a 1-year high of $44.25. The company has a market capitalization of $694.01 million, a PE ratio of 44.69 and a beta of 1.33. The firm has a 50 day moving average price of $40.50 and a 200-day moving average price of $37.65.
CSW Industrials (NASDAQ:CSWI) last announced its earnings results on Wednesday, August 9th. The basic materials company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.10. The firm had revenue of $98.03 million for the quarter, compared to the consensus estimate of $94.90 million. CSW Industrials had a return on equity of 10.53% and a net margin of 4.54%. The firm’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.51 EPS. On average, equities analysts predict that CSW Industrials will post $2.00 EPS for the current fiscal year.
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Hedge funds and other institutional investors have recently modified their holdings of the stock. IFP Advisors Inc acquired a new position in shares of CSW Industrials in the 2nd quarter worth $104,000. Acrospire Investment Management LLC grew its holdings in shares of CSW Industrials by 92.1% in the 2nd quarter. Acrospire Investment Management LLC now owns 4,187 shares of the basic materials company’s stock worth $162,000 after acquiring an additional 2,007 shares during the last quarter. Westwood Holdings Group Inc. acquired a new position in shares of CSW Industrials in the 2nd quarter worth $186,000. US Bancorp DE acquired a new position in shares of CSW Industrials in the 1st quarter worth $197,000. Finally, Spark Investment Management LLC acquired a new position in shares of CSW Industrials in the 2nd quarter worth $208,000. Institutional investors and hedge funds own 69.44% of the company’s stock.
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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