Zacks Investment Research cut shares of CSW Industrials, Inc. (NASDAQ:CSWI) from a strong-buy rating to a hold rating in a research note published on Tuesday morning.
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 equities research analysts have also recently issued reports on the company. FBR & Co reiterated a buy rating on shares of CSW Industrials in a report on Friday, September 22nd. BidaskClub upgraded CSW Industrials from a sell rating to a hold rating in a report on Friday, August 11th.
CSW Industrials (NASDAQ:CSWI) last posted its earnings results on Wednesday, August 9th. The basic materials company reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.10. CSW Industrials had a return on equity of 10.53% and a net margin of 4.54%. The firm had revenue of $98.03 million for the quarter, compared to analysts’ expectations of $94.90 million. During the same period last year, the firm earned $0.51 EPS. The company’s quarterly revenue was up 16.5% on a year-over-year basis.
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A number of hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN boosted its holdings in CSW Industrials by 16.1% in the 2nd quarter. Wells Fargo & Company MN now owns 1,196,004 shares of the basic materials company’s stock worth $46,225,000 after buying an additional 165,559 shares during the last quarter. American Century Companies Inc. boosted its holdings in CSW Industrials by 13.7% in the 2nd quarter. American Century Companies Inc. now owns 1,046,555 shares of the basic materials company’s stock worth $40,449,000 after buying an additional 126,308 shares during the last quarter. Zuckerman Investment Group LLC boosted its holdings in CSW Industrials by 0.3% in the 2nd quarter. Zuckerman Investment Group LLC now owns 962,159 shares of the basic materials company’s stock worth $37,187,000 after buying an additional 2,866 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in CSW Industrials in the 2nd quarter worth about $34,698,000. Finally, Janus Capital Management LLC boosted its holdings in CSW Industrials by 60.0% in the 1st quarter. Janus Capital Management LLC now owns 729,515 shares of the basic materials company’s stock worth $26,773,000 after buying an additional 273,439 shares during the last quarter. Institutional investors own 69.44% of the company’s stock.
CSW Industrials Company Profile
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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