CSW Industrials (NASDAQ:CSWI) Stock Rating Downgraded by StockNews.com


StockNews.com cut shares by CSW Industrials (NASDAQ:CSWI – Get an Assessment) from a buy rating to a hold rating in a report released Thursday morning.

Several other equity research analysts have also recently released reports on the stock. Sidoti assumed coverage for CSW Industrials shares in a Thursday, March 31 research report. They set a buy rating and price target of $149.00 for the company. Barrington Research reaffirmed an outperform rating on CSW Industrials shares in a Thursday, Jan. 27, research report. Finally, Zacks Investment Research cut shares of CSW Industrials from a buy rating to a hold rating in a Wednesday, April 6 research report.

Shares of NASDAQ:CSWI traded down $1.37 during Thursday’s trading, hitting $104.60. The company’s stock had a trading volume of 2 shares, compared to its average volume of 31,940. The company has a 50-day moving average price of $114.25 and a two-hundred-day moving average price of $120.34. The company has a market capitalization of $1.65 billion, a PE ratio of 29.94 and a beta of 0.82. The company has a debt ratio of 0.50, a quick ratio of 1.25 and a current ratio of 2.55. CSW Industrials has a fifty-two week low of $104.44 and a fifty-two week high of $145.50.

CSW Industrials (NASDAQ:CSWI – Get Rating) last released its quarterly results on Thursday, February 3. The basic materials company reported EPS of $0.52 for the quarter, beating the consensus estimate of $0.42 by $0.10. The company posted revenue of $136.29 million in the quarter, versus a consensus estimate of $143.14 million. CSW Industrials had a net margin of 9.55% and a return on equity of 14.43%. In the same quarter a year earlier, the company posted earnings per share of $0.59. As a group, stock analysts expect CSW Industrials to post earnings per share of 4.16 for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 13. Investors of record on Friday, April 29 will receive a dividend of $0.17. The ex-date of this dividend is Thursday, April 28. This is a boost from CSW Industrials’ previous quarterly dividend of $0.15. This represents a dividend of $0.68 on an annualized basis and a yield of 0.65%. The CSW Industrials payout ratio is 19.21%.

A number of institutional investors and hedge funds have recently changed their positions in the stock. O Shaughnessy Asset Management LLC increased its position in CSW Industrials by 13.3% in the third quarter. O Shaughnessy Asset Management LLC now owns 748 shares of the basic materials company valued at $96,000 after acquiring 88 additional shares in the last quarter. PNC Financial Services Group Inc. increased its position in CSW Industrials by 2.5% in the third quarter. PNC Financial Services Group Inc. now owns 3,662 shares of the basic materials company valued at $467,000 after acquiring 89 additional shares in the last quarter. Lazard Asset Management LLC increased its position in CSW Industrials by 13.2% in the fourth quarter. Lazard Asset Management LLC now owns 761 shares of the basic materials company valued at $91,000 after acquiring 89 additional shares in the last quarter. Advisor Group Holdings Inc. increased its position in CSW Industrials by 1.0% in the first quarter. Advisor Group Holdings Inc. now owns 9,194 shares of the basic materials company valued at $1,082,000 after acquiring 94 additional shares in the last quarter. Finally, FIL Ltd increased its stake in CSW Industrials by 33.3% in the third quarter. FIL Ltd now owns 400 shares of the basic materials company valued at $51,000 after buying an additional 100 shares during the period. 76.27% of the shares are held by hedge funds and other institutional investors.

About CSW Industrials (Get an assessment)

CSW Industrials, Inc. operates as a diversified industrial company in the United States and internationally. It operates through two segments, Industrials and Specialty Chemicals. The Industrial Products segment offers specialty mechanical products; grilles, registers and diffusers; fire and smoke protection products; architecturally specified building products; and storage, filtration and application equipment for use with its specialty chemicals and other products for general industrial applications.

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