CSW Industrials (NYSE:CSW) Stock Rating Lowered by Zacks Research

CSW Industrials (NYSE:CSW) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

A number of other equities analysts also recently commented on the company. Citigroup reduced their price objective on CSW Industrials from $307.00 to $304.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 27th. Truist Financial upped their target price on CSW Industrials from $300.00 to $313.00 and gave the company a “hold” rating in a report on Thursday, July 2nd. Weiss Ratings downgraded CSW Industrials from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, July 14th. Finally, Wells Fargo & Company lifted their price target on CSW Industrials from $280.00 to $285.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 27th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat, CSW Industrials presently has an average rating of “Moderate Buy” and an average target price of $330.43.

CSW Industrials Stock Performance

CSW opened at $298.87 on Monday. CSW Industrials has a twelve month low of $230.45 and a twelve month high of $337.02. The firm has a market capitalization of $4.87 billion, a PE ratio of 44.74 and a beta of 0.84. The company has a current ratio of 2.60, a quick ratio of 1.23 and a debt-to-equity ratio of 0.80. The firm’s 50-day moving average price is $278.13 and its 200 day moving average price is $283.61.

CSW Industrials (NYSE:CSW) last released its quarterly earnings data on Tuesday, May 26th. The basic materials company reported $3.14 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $0.80. The company had revenue of $308.96 million during the quarter. CSW Industrials had a net margin of 10.35% and a return on equity of 15.91%. The company’s revenue for the quarter was up 34.0% on a year-over-year basis. As a group, sell-side analysts expect that CSW Industrials will post 12.52 EPS for the current fiscal year.

Insider Activity at CSW Industrials

In other news, SVP Luke Alverson sold 1,007 shares of the company’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $289.57, for a total value of $291,596.99. Following the transaction, the senior vice president owned 12,450 shares of the company’s stock, valued at $3,605,146.50. This represents a 7.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Joseph B. Armes sold 1,500 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $279.52, for a total transaction of $419,280.00. Following the transaction, the chief executive officer directly owned 69,100 shares of the company’s stock, valued at approximately $19,314,832. This trade represents a 2.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 4,007 shares of company stock valued at $1,136,787 over the last quarter. 1.20% of the stock is currently owned by company insiders.

Institutional Trading of CSW Industrials

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CSW. Whittier Trust Co. lifted its stake in CSW Industrials by 24.8% during the first quarter. Whittier Trust Co. now owns 252 shares of the basic materials company’s stock worth $67,000 after purchasing an additional 50 shares in the last quarter. Sanctuary Advisors LLC boosted its position in shares of CSW Industrials by 8.1% during the fourth quarter. Sanctuary Advisors LLC now owns 984 shares of the basic materials company’s stock worth $289,000 after buying an additional 74 shares during the period. Arax Advisory Partners acquired a new stake in shares of CSW Industrials in the fourth quarter valued at $28,000. Danske Bank A S purchased a new stake in shares of CSW Industrials in the 4th quarter valued at $29,000. Finally, Valley Wealth Managers Inc. purchased a new stake in CSW Industrials during the first quarter worth about $26,000. Hedge funds and other institutional investors own 82.79% of the company’s stock.

CSW Industrials Company Profile

CSW Industrials, Inc is a diversified industrial manufacturer that develops and supplies specialty chemical products, performance materials and precision surface solutions. The company’s offerings span a range of end markets including energy, industrial processing, converting and automotive, where its products serve critical functions in production efficiency, equipment maintenance and process enhancement.

In its chemical business, CSW Industrials produces solvent- and water-based formulations such as surfactants, corrosion inhibitors and custom blends used in oilfield exploration and production, metalworking, water treatment and other industrial applications.