CSW Industrials (NASDAQ:CSWI) Stock Rating Update by StockNews.com
CSW Industrials (NASDAQ:CSWI – Get an Assessment) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note published Friday.
Several other brokerages have also recently released reports on CSWI. Zacks Investment Research upgraded shares of CSW Industrials from a “strong sell” rating to a “hold” rating in a Tuesday, January 4, report. Barrington Research restated an “outperform” rating on CSW Industrials stock in a Thursday, Jan. 27 research note.
Shares of CSW Industrials rose $0.16 on Friday, hitting $117.50. The company had a trading volume of 69,065 shares, compared to an average volume of 51,637. The company’s 50-day moving average price is $117.02 and its two-hundred-day moving average price is 124, $68. The company has a market capitalization of $1.86 billion, a PE ratio of 33.19 and a beta of 0.80. CSW Industrials has a 52-week low of $107.14 and a 52-week high of $145.50. The company has a debt ratio of 0.50, a quick ratio of 1.25 and a current ratio of 2.55.
CSW Industrials (NASDAQ:CSWI – Get Rating) last announced its results on Thursday, February 3. The basic materials company reported earnings per share of $0.52 for the quarter, beating the consensus estimate of $0.42 by $0.10. CSW Industrials had a net margin of 9.55% and a return on equity of 14.43%. The company posted revenue of $136.29 million for the quarter, versus a consensus estimate of $143.14 million. During the same period of the previous year, the company achieved EPS of $0.59. As a group, sell-side analysts expect CSW Industrials to post EPS of 4.16 for the current year.
Separately, CEO Joseph B. Armes sold 286 shares of the company in a trade that took place on Tuesday, January 18. The shares were sold at an average price of $120.09, for a total value of $34,345.74. The transaction was disclosed in a legal filing with the SEC, which is available via this link. Insiders hold 1.90% of the shares of the company.
Several institutional investors and hedge funds have recently bought and sold shares of CSWI. UMB Bank NA MO acquired a new stake in CSW Industrials during the fourth quarter worth $36,000. The Public Employees Retirement System of Ohio increased its holdings of CSW Industrials stock by 41.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 360 shares of the basic materials company valued at $44,000 after acquiring 105 additional shares during the period. FIL Ltd increased its holdings of CSW Industrials shares by 33.3% during the third quarter. FIL Ltd now owns 400 shares of the basic materials company valued at $51,000 after acquiring an additional 100 shares during the period. Elmwood Wealth Management Inc. acquired a new stake in CSW Industrials in the fourth quarter worth approximately $50,000. Finally, Macquarie Group Ltd. acquired a new stake in CSW Industrials in the third quarter worth approximately $70,000. Institutional investors hold 75.92% of the company’s shares.
About CSW Industrials (Get a rating)
CSW Industrials, Inc provides performance solutions to customers. It operates through the following segments: Industrial Products and Specialty Chemicals. The Industrial Products segment manufactures specialty mechanical products, fire and smoke protection products, architectural specification building products, and storage, filtration and application equipment.
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