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

CSW Industrials (NYSE:CSW) was upgraded by research 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.

Other equities research analysts have also issued reports about the company. Truist Financial dropped their price target on CSW Industrials from $301.00 to $300.00 and set a “hold” rating for the company in a research note on Wednesday, May 27th. Wells Fargo & Company lifted their price objective on CSW Industrials from $280.00 to $285.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 27th. Robert W. Baird started coverage on CSW Industrials in a report on Tuesday, February 17th. They set an “outperform” rating and a $378.00 target price for the company. Weiss Ratings raised shares of CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Finally, Citigroup cut their price target on shares of CSW Industrials from $307.00 to $304.00 and set a “neutral” rating on the stock in a report on Wednesday, May 27th. Three research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $328.57.

CSW Industrials Stock Up 4.1%

Shares of CSW opened at $278.15 on Monday. CSW Industrials has a fifty-two week low of $230.45 and a fifty-two week high of $337.02. The company’s fifty day moving average is $276.88 and its two-hundred day moving average is $287.58. The firm has a market cap of $4.54 billion, a PE ratio of 41.64 and a beta of 0.84. The company has a quick ratio of 1.23, a current ratio of 2.60 and a debt-to-equity ratio of 0.80.

CSW Industrials (NYSE:CSW) last released its quarterly earnings data on Tuesday, May 26th. The basic materials company reported $3.14 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $0.80. CSW Industrials had a return on equity of 15.91% and a net margin of 10.35%.The business had revenue of $308.96 million during the quarter. The business’s revenue for the quarter was up 34.0% on a year-over-year basis. Analysts forecast that CSW Industrials will post 12.52 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Darron K. Ash acquired 300 shares of the company’s stock in a transaction dated Friday, March 13th. The shares were bought at an average price of $256.62 per share, for a total transaction of $76,986.00. Following the completion of the purchase, the director directly owned 1,155 shares of the company’s stock, valued at approximately $296,396.10. This trade represents a 35.09% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Joseph B. Armes sold 1,500 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $283.94, for a total transaction of $425,910.00. Following the transaction, the chief executive officer directly owned 70,600 shares in the company, valued at approximately $20,046,164. The trade was a 2.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 5,180 shares of company stock worth $1,465,478 over the last three months. 1.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On CSW Industrials

Institutional investors have recently added to or reduced their stakes in the company. Arax Advisory Partners purchased a new stake in shares of CSW Industrials during the fourth quarter worth about $28,000. Danske Bank A S acquired a new stake in CSW Industrials during the 4th quarter valued at approximately $29,000. Valley Wealth Managers Inc. purchased a new stake in CSW Industrials during the 1st quarter worth approximately $26,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of CSW Industrials in the 4th quarter valued at approximately $31,000. Finally, Global Retirement Partners LLC acquired a new position in shares of CSW Industrials in the 4th quarter valued at approximately $31,000. Institutional investors and hedge funds 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.