CSW Industrials (NASDAQ:CSWI) Lifted to “Strong-Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of CSW Industrials (NASDAQ:CSWI) from a hold rating to a strong-buy rating in a research report sent to investors on Wednesday, February 14th. Zacks Investment Research currently has $52.00 target price on the basic materials company’s stock.

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. “

A number of other equities research analysts also recently issued reports on the stock. B. Riley set a $60.00 target price on shares of CSW Industrials and gave the stock a buy rating in a research report on Thursday, February 8th. BidaskClub upgraded shares of CSW Industrials from a sell rating to a hold rating in a research report on Saturday, January 13th. Finally, Sidoti initiated coverage on shares of CSW Industrials in a research report on Wednesday, December 20th. They issued a neutral rating for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $56.00.

Shares of CSW Industrials (NASDAQ:CSWI) traded down $0.15 during trading hours on Wednesday, reaching $47.05. 35,000 shares of the company were exchanged, compared to its average volume of 43,112. CSW Industrials has a 1 year low of $34.05 and a 1 year high of $50.00. The company has a quick ratio of 1.99, a current ratio of 3.03 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $753.75, a PE ratio of -47.05 and a beta of 1.26.

CSW Industrials (NASDAQ:CSWI) last posted its quarterly earnings data on Thursday, February 8th. The basic materials company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. CSW Industrials had a negative net margin of 4.49% and a positive return on equity of 11.16%. The firm had revenue of $69.03 million during the quarter, compared to analyst estimates of $79.04 million. During the same quarter last year, the business posted $0.12 EPS. The company’s revenue was up 5.8% on a year-over-year basis. research analysts predict that CSW Industrials will post 2.01 earnings per share for the current fiscal year.

In other news, Chairman Joseph B. Armes sold 4,250 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were 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 accessible through this link. 2.10% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in CSW Industrials in the 3rd quarter worth $129,000. Westwood Holdings Group Inc. bought a new position in CSW Industrials in the 2nd quarter worth $186,000. Teacher Retirement System of Texas bought a new position in CSW Industrials in the 4th quarter worth $250,000. Stone Ridge Asset Management LLC bought a new position in CSW Industrials in the 4th quarter worth $258,000. Finally, MetLife Investment Advisors LLC acquired a new stake in CSW Industrials in the 4th quarter worth $283,000. Institutional investors and hedge funds own 65.76% of the company’s stock.

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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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