Shares of CSW Industrials Inc (NASDAQ:CSWI) have received an average broker rating score of 2.00 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and one has given a strong buy rating to the company. CSW Industrials’ rating score has declined by 100% in the last three months as a result of a number of analysts’ ratings changes.
Analysts have set a 12 month consensus target price of $60.00 for the company and are expecting that the company will post $0.49 earnings per share for the current quarter, according to Zacks. Zacks has also assigned CSW Industrials an industry rank of 193 out of 265 based on the ratings given to its competitors.
A number of brokerages have weighed in on CSWI. B. Riley reiterated a “buy” rating and issued a $60.00 price target (up from $48.00) on shares of CSW Industrials in a research report on Wednesday, November 1st. Zacks Investment Research upgraded CSW Industrials from a “hold” rating to a “strong-buy” rating and set a $52.00 price target on the stock in a research report on Wednesday, February 14th. BidaskClub cut 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 report on Wednesday, December 20th. They set a “neutral” rating on the stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. MetLife Investment Advisors LLC acquired a new position in CSW Industrials in the fourth quarter valued at about $283,000. Gotham Asset Management LLC lifted its stake in CSW Industrials by 19.0% in the fourth quarter. Gotham Asset Management LLC now owns 7,110 shares of the basic materials company’s stock valued at $327,000 after buying an additional 1,134 shares during the period. Municipal Employees Retirement System of Michigan acquired a new position in CSW Industrials in the fourth quarter valued at about $394,000. Millennium Management LLC lifted its stake in CSW Industrials by 12.1% in the fourth quarter. Millennium Management LLC now owns 90,427 shares of the basic materials company’s stock valued at $4,155,000 after buying an additional 9,786 shares during the period. Finally, Two Sigma Investments LP acquired a new position in CSW Industrials in the fourth quarter valued at about $414,000. 65.76% of the stock is currently owned by institutional investors and hedge funds.
Shares of CSW Industrials (NASDAQ:CSWI) traded up $0.05 during trading hours on Friday, reaching $47.10. The company’s stock had a trading volume of 32,114 shares, compared to its average volume of 43,978. CSW Industrials has a 52-week low of $34.05 and a 52-week high of $50.00. The company has a market capitalization of $753.75, a PE ratio of -47.05 and a beta of 1.26. The company has a quick ratio of 1.99, a current ratio of 3.03 and a debt-to-equity ratio of 0.15.
CSW Industrials (NASDAQ:CSWI) last announced its quarterly earnings results on Thursday, February 8th. The basic materials company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $69.03 million for the quarter, compared to analysts’ expectations of $79.04 million. During the same period in the prior year, the business posted $0.12 earnings per share. The business’s revenue was up 5.8% compared to the same quarter last year. equities research analysts forecast that CSW Industrials will post 2.01 earnings per share for the current fiscal year.
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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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