Weiss Ratings Reaffirms Hold (C+) Rating for CSW Industrials (NYSE:CSW)

CSW Industrials (NYSE:CSW)‘s stock had its “hold (c+)” rating reissued by research analysts at Weiss Ratings in a research report issued on Tuesday,Weiss Ratings reports.

CSW has been the topic of a number of other research reports. Citigroup cut their price target on shares of CSW Industrials from $269.00 to $261.00 and set a “neutral” rating on the stock in a research report on Thursday, October 9th. Truist Financial increased their price objective on shares of CSW Industrials from $273.00 to $276.00 and gave the stock a “hold” rating in a research report on Wednesday, October 8th. Wells Fargo & Company lowered their target price on shares of CSW Industrials from $305.00 to $285.00 and set an “equal weight” rating on the stock in a report on Friday, August 1st. Zacks Research lowered shares of CSW Industrials from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. lowered their target price on shares of CSW Industrials from $320.00 to $290.00 and set a “neutral” rating on the stock in a report on Friday, October 3rd. Seven investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $302.40.

CSW Industrials Stock Performance

Shares of CSW Industrials stock opened at $242.04 on Tuesday. The company has a quick ratio of 1.48, a current ratio of 2.86 and a debt-to-equity ratio of 0.09. CSW Industrials has a twelve month low of $230.45 and a twelve month high of $436.50. The stock has a market cap of $4.07 billion, a price-to-earnings ratio of 28.92 and a beta of 0.92. The company’s fifty day moving average is $256.55 and its 200 day moving average is $284.33.

CSW Industrials (NYSE:CSW) last issued its quarterly earnings data on Thursday, July 31st. The basic materials company reported $2.85 earnings per share for the quarter, topping the consensus estimate of $2.62 by $0.23. CSW Industrials had a net margin of 15.18% and a return on equity of 13.78%. The company had revenue of $263.65 million for the quarter, compared to analysts’ expectations of $278.27 million. Sell-side analysts forecast that CSW Industrials will post 8.49 EPS for the current year.

Insider Activity at CSW Industrials

In other news, EVP Don Sullivan sold 1,067 shares of the firm’s stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $283.14, for a total transaction of $302,110.38. Following the completion of the sale, the executive vice president owned 22,641 shares in the company, valued at $6,410,572.74. This trade represents a 4.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP James E. Perry sold 145 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $275.05, for a total transaction of $39,882.25. Following the sale, the executive vice president owned 25,178 shares of the company’s stock, valued at approximately $6,925,208.90. The trade was a 0.57% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,412 shares of company stock worth $901,427. 1.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CSW. Argent Capital Management LLC boosted its holdings in CSW Industrials by 5.6% in the 2nd quarter. Argent Capital Management LLC now owns 2,180 shares of the basic materials company’s stock valued at $625,000 after purchasing an additional 116 shares during the period. GAMMA Investing LLC raised its position in CSW Industrials by 44.6% in the 2nd quarter. GAMMA Investing LLC now owns 428 shares of the basic materials company’s stock worth $123,000 after purchasing an additional 132 shares during the period. Matrix Trust Co raised its position in CSW Industrials by 91.1% in the 2nd quarter. Matrix Trust Co now owns 86 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 41 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in CSW Industrials by 3.4% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,423 shares of the basic materials company’s stock worth $1,003,000 after purchasing an additional 113 shares during the period. Finally, Harbor Capital Advisors Inc. raised its position in CSW Industrials by 2.4% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 30,578 shares of the basic materials company’s stock worth $8,771,000 after purchasing an additional 720 shares during the period. 82.79% of the stock is owned by institutional investors.

CSW Industrials Company Profile

CSW Industrials, Inc operates as a diversified industrial company in the United States and internationally. It operates through three segments: Contractor Solutions, Engineered Building Solutions, and Specialized Reliability Solutions. The Contractor Solutions segment provides condensate pads, pans, pumps, switches, and traps; cements, diffusers, grilles, registers, solvents, thread sealants, and vents; line set covers; refrigerant caps; wire pulling head tools; electrical protection, chemical maintenance, and installation supplies for HVAC; ductless mini-split systems installation support tools and accessories; and drain waste and vent system products for use in HVAC/R, plumbing, general industrial, architecturally specified building products.