CSW Industrials (CSWI) Lifted to “Buy” at Zacks Investment Research
Zacks Investment Research upgraded shares of CSW Industrials (NASDAQ:CSWI) from a hold rating to a buy rating in a research note released on Tuesday. They currently have $51.00 price target 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. “
Several other research firms also recently weighed in on CSWI. BidaskClub downgraded CSW Industrials from a hold rating to a sell rating in a report on Wednesday, December 27th. B. Riley boosted their target price on CSW Industrials from $48.00 to $60.00 and gave the company a buy rating in a report on Wednesday, November 8th. FBR & Co restated a buy rating on shares of CSW Industrials in a research report on Friday, September 22nd. Finally, Sidoti started coverage on CSW Industrials in a research report on Wednesday, December 20th. They issued a neutral rating on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $55.50.
CSW Industrials (NASDAQ:CSWI) last announced its quarterly earnings results on Wednesday, November 8th. The basic materials company reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.01. The company 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 period in the previous year, the business earned $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 hedge funds have recently modified their holdings of CSWI. SG Americas Securities LLC acquired a new position in CSW Industrials in the 3rd quarter valued at about $129,000. Acrospire Investment Management LLC increased its position in 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 valued at $162,000 after acquiring an additional 2,007 shares during the period. Westwood Holdings Group Inc. acquired a new position in CSW Industrials in the 2nd quarter valued at about $186,000. Dynamic Technology Lab Private Ltd acquired a new position in CSW Industrials in the 3rd quarter valued at about $291,000. Finally, Voya Investment Management LLC increased its position 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 purchasing an additional 1,027 shares during the period. Hedge funds and other institutional investors own 67.79% 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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