CSW Industrials (NYSE:CSW) Upgraded by Zacks Research to “Strong-Buy” Rating

CSW Industrials (NYSE:CSW) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other research firms have also issued reports on CSW. Weiss Ratings restated a “hold (c+)” rating on shares of CSW Industrials in a report on Monday. Jefferies Financial Group set a $350.00 target price on shares of CSW Industrials in a research note on Wednesday, December 3rd. CJS Securities raised shares of CSW Industrials to a “strong-buy” rating in a research report on Thursday, December 11th. The Goldman Sachs Group increased their price target on CSW Industrials from $265.00 to $302.00 and gave the stock a “neutral” rating in a report on Tuesday, December 16th. Finally, Wells Fargo & Company boosted their price objective on CSW Industrials from $265.00 to $300.00 and gave the company an “equal weight” rating in a research note on Monday, December 15th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $314.83.

CSW Industrials Stock Down 1.0%

NYSE:CSW opened at $302.53 on Monday. CSW Industrials has a one year low of $230.45 and a one year high of $401.02. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.76 and a quick ratio of 1.32. The company has a market cap of $5.05 billion, a PE ratio of 35.51 and a beta of 0.83. The firm’s 50 day simple moving average is $273.89 and its 200 day simple moving average is $271.63.

CSW Industrials (NYSE:CSW) last issued its quarterly earnings results on Thursday, October 30th. The basic materials company reported $2.96 EPS for the quarter, topping analysts’ consensus estimates of $2.73 by $0.23. CSW Industrials had a net margin of 14.88% and a return on equity of 14.74%. On average, research analysts anticipate that CSW Industrials will post 8.49 earnings per share for the current year.

Insider Activity

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $317.40, for a total value of $317,400.00. Following the transaction, the chief executive officer directly owned 64,493 shares of the company’s stock, valued at approximately $20,470,078.20. This trade represents a 1.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jeff Underwood sold 370 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $278.96, for a total transaction of $103,215.20. Following the sale, the senior vice president directly owned 5,853 shares of the company’s stock, valued at approximately $1,632,752.88. The trade was a 5.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 8,366 shares of company stock valued at $2,403,173. 1.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of CSW Industrials by 3.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 121,482 shares of the basic materials company’s stock worth $35,414,000 after buying an additional 4,010 shares during the last quarter. Fred Alger Management LLC increased its stake in shares of CSW Industrials by 5.3% during the 1st quarter. Fred Alger Management LLC now owns 59,857 shares of the basic materials company’s stock worth $17,450,000 after purchasing an additional 3,006 shares during the last quarter. Alyeska Investment Group L.P. raised its holdings in shares of CSW Industrials by 427.6% in the 1st quarter. Alyeska Investment Group L.P. now owns 55,000 shares of the basic materials company’s stock worth $16,034,000 after purchasing an additional 44,576 shares during the period. Royal Bank of Canada lifted its stake in CSW Industrials by 7.7% in the first quarter. Royal Bank of Canada now owns 53,371 shares of the basic materials company’s stock valued at $15,558,000 after purchasing an additional 3,835 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. grew its holdings in CSW Industrials by 3.3% during the first quarter. Punch & Associates Investment Management Inc. now owns 48,833 shares of the basic materials company’s stock valued at $14,236,000 after purchasing an additional 1,580 shares during the period. Hedge funds and other institutional investors own 82.79% of the company’s stock.

About CSW Industrials

CSW Industrials, Inc is a diversified industrial manufacturer that develops and supplies specialty chemical products, performance materials and precision surface solutions. The company’s offerings span a range of end markets including energy, industrial processing, converting and automotive, where its products serve critical functions in production efficiency, equipment maintenance and process enhancement.

In its chemical business, CSW Industrials produces solvent- and water-based formulations such as surfactants, corrosion inhibitors and custom blends used in oilfield exploration and production, metalworking, water treatment and other industrial applications.