Sidoti equity researchers assumed a hedge on the shares of CSW Industrials (NASDAQ:CSWI – Get an Assessment) in a research report delivered to clients and investors on Thursday, Briefing.com reports. The brokerage has set a “buy” rating and a price target of $149.00 on the stock of the basic materials company. Sidoti’s price target would point to a potential upside of 26.13% from the stock’s previous close.
Several other research analysts have also recently commented on CSWI. StockNews.com upgraded CSW Industrials from a “hold” rating to a “buy” rating in a report released Wednesday. Barrington Research restated an “outperform” rating on CSW Industrials shares in a Thursday, Jan. 27, report. Finally, Zacks Investment Research upgraded CSW Industrials from a “Strong Sell” rating to a “Hold” rating in a Tuesday, January 4, report.
Shares of NASDAQ:CSWI traded down $0.94 during Thursday’s trading, hitting $118.13. The company had a trading volume of 357 shares, compared to its average volume of 49,642. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of 33.37 and a beta of 0.80. CSW Industrials has a 1-year low of $107.14 and a 1-year high of $145.50. The company has a fifty-day simple moving average of $116.54 and a two-hundred-day simple moving average of $123.75. The company has a debt ratio of 0.50, a current ratio of 2.55 and a quick ratio of 1.25.
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CSW Industrials (NASDAQ:CSWI – Get Rating) last released its quarterly earnings data on Thursday, February 3. The basic materials company reported earnings per share (EPS) of $0.52 for the quarter, beating the consensus estimate of $0.42 by $0.10. CSW Industrials had a return on equity of 14.43% and a net margin of 9.55%. The company posted revenue of $136.29 million in the quarter, versus analyst estimates of $143.14 million. During the same period last year, the company achieved EPS of $0.59. On average, equity research analysts expect CSW Industrials to post earnings per share of 4.16 for the current year.
In other CSW Industrials news, CEO Joseph B. Armes sold 286 shares of the company in a trade that took place on Tuesday, January 18. The stock was sold at an average price of $120.09, for a total transaction of $34,345.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. 1.90% of the shares are currently held by insiders.
Several institutional investors have recently changed their stake in the company. Allspring Global Investments Holdings LLC acquired a new position in CSW Industrials in the fourth quarter worth approximately $145,417,000. BlackRock Inc. increased its stake in CSW Industrials by 0.3% in the fourth quarter. BlackRock Inc. now owns 986,396 shares of the basic materials company valued at $119,215,000 after acquiring 2,729 additional shares in the last quarter. Neuberger Berman Group LLC increased its stake in CSW Industrials by 7.0% in the third quarter. Neuberger Berman Group LLC now owns 947,346 shares of the basic materials company valued at $120,976,000 after acquiring an additional 61,573 shares in the last quarter. Champlain Investment Partners LLC increased its stake in CSW Industrials by 0.6% in the fourth quarter. Champlain Investment Partners LLC now owns 711,385 shares of the basic materials company valued at $85,978,000 after acquiring 4,170 additional shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in CSW Industrials by 0.3% in the third quarter. Dimensional Fund Advisors LP now owns 413,095 shares of the basic materials company valued at $52,753,000 after acquiring 1,210 additional shares in the last quarter. Institutional investors and hedge funds hold 75.92% of the company’s shares.
CSW Industrials Company Profile (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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