CSW Industrials (NYSE:CSW) Rating Lowered to Hold at Zacks Research

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

CSW has been the subject of a number of other reports. Wells Fargo & Company increased their price objective on shares of CSW Industrials from $265.00 to $300.00 and gave the company an “equal weight” rating in a report on Monday, December 15th. Jefferies Financial Group set a $350.00 price objective on CSW Industrials in a research note on Wednesday, December 3rd. JPMorgan Chase & Co. raised shares of CSW Industrials from a “neutral” rating to an “overweight” rating and increased their target price for the company from $300.00 to $350.00 in a research note on Wednesday, December 3rd. Citigroup raised their price target on CSW Industrials from $259.00 to $311.00 and gave the stock a “neutral” rating in a research note on Monday, December 8th. Finally, CJS Securities raised shares of CSW Industrials to a “strong-buy” rating in a research report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, CSW Industrials currently has a consensus rating of “Hold” and a consensus price target of $314.83.

CSW Industrials Stock Performance

Shares of CSW opened at $315.63 on Monday. The business has a 50-day simple moving average of $279.72 and a two-hundred day simple moving average of $271.49. The stock has a market cap of $5.27 billion, a price-to-earnings ratio of 37.05 and a beta of 0.82. CSW Industrials has a 52 week low of $230.45 and a 52 week high of $401.02. The company has a quick ratio of 1.32, a current ratio of 2.76 and a debt-to-equity ratio of 0.05.

CSW Industrials (NYSE:CSW) last released its 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, analysts expect that CSW Industrials will post 8.49 EPS for the current year.

Insider Transactions at CSW Industrials

In other news, SVP Jeff Underwood sold 370 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were 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 $1,632,752.88. The trade was a 5.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer owned 64,493 shares in the company, valued at approximately $20,470,078.20. This represents a 1.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 8,366 shares of company stock worth $2,403,173 over the last ninety days. 1.30% of the stock is currently owned by insiders.

Institutional Trading of CSW Industrials

Institutional investors and hedge funds have recently bought and sold shares of the business. Strs Ohio acquired a new position in CSW Industrials during the first quarter valued at $1,312,000. Royal Bank of Canada increased its holdings in shares of CSW Industrials by 7.7% during the 1st 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 in the last quarter. Voya Investment Management LLC raised its position in shares of CSW Industrials by 37.1% in the first quarter. Voya Investment Management LLC now owns 11,662 shares of the basic materials company’s stock worth $3,400,000 after acquiring an additional 3,157 shares during the period. Avior Wealth Management LLC acquired a new position in CSW Industrials in the 4th quarter worth about $807,000. Finally, Park Avenue Securities LLC purchased a new position in shares of CSW Industrials during the 4th quarter valued at approximately $746,000. 82.79% of the stock is currently owned by institutional investors and hedge funds.

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.