CSW Industrials (NASDAQ:CSWI) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued on Wednesday. The firm presently has a $52.00 price objective on the basic materials company’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 13.17% from the stock’s previous close.
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. “
Other equities analysts also recently issued reports about the company. B. Riley reiterated a “buy” rating and set a $60.00 target price (up from $48.00) on shares of CSW Industrials in a research report on Wednesday, November 1st. BidaskClub downgraded CSW Industrials from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. Finally, Sidoti began coverage on CSW Industrials in a research report on Wednesday, December 20th. They set a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. CSW Industrials presently has an average rating of “Buy” and a consensus price target of $56.00.
CSW Industrials (NASDAQ:CSWI) last issued its quarterly earnings data on Thursday, February 8th. The basic materials company reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.03. CSW Industrials had a positive return on equity of 11.16% and a negative net margin of 4.49%. The company had revenue of $69.03 million during the quarter, compared to analyst estimates of $79.04 million. During the same quarter in the previous year, the company posted $0.12 earnings per share. CSW Industrials’s revenue was up 5.8% compared to the same quarter last year. research analysts anticipate that CSW Industrials will post 2.01 earnings per share for the current fiscal year.
In related news, Chairman Joseph B. Armes sold 4,250 shares of CSW Industrials stock in a transaction on Monday, February 12th. The stock was sold at an average price of $45.89, for a total transaction of $195,032.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.10% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its position in CSW Industrials by 16.9% during the second quarter. Dimensional Fund Advisors LP now owns 204,448 shares of the basic materials company’s stock valued at $7,902,000 after purchasing an additional 29,508 shares in the last quarter. Thrivent Financial For Lutherans purchased a new position in CSW Industrials during the second quarter valued at $370,000. Los Angeles Capital Management & Equity Research Inc. lifted its position in CSW Industrials by 42.1% during the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 13,840 shares of the basic materials company’s stock valued at $614,000 after purchasing an additional 4,100 shares in the last quarter. Janus Henderson Group PLC lifted its position in CSW Industrials by 7.4% during the third quarter. Janus Henderson Group PLC now owns 964,571 shares of the basic materials company’s stock valued at $42,779,000 after purchasing an additional 66,815 shares in the last quarter. Finally, Northern Trust Corp lifted its position in CSW Industrials by 2.6% during the second quarter. Northern Trust Corp now owns 184,532 shares of the basic materials company’s stock valued at $7,133,000 after purchasing an additional 4,673 shares in the last quarter. Institutional investors own 67.54% 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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