CSW Industrials (NYSE:CSW) Stock Rating Upgraded by Wall Street Zen

CSW Industrials (NYSE:CSW) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday, Wall Street Zen reports.

Several other equities analysts have also commented on the stock. Zacks Research lowered shares of CSW Industrials from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Wells Fargo & Company boosted their target price on shares of CSW Industrials from $285.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Friday, July 31st. Truist Financial boosted their target price on shares of CSW Industrials from $313.00 to $332.00 and gave the stock a “hold” rating in a research report on Monday, August 3rd. Citigroup upped their price target on shares of CSW Industrials from $304.00 to $340.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Finally, Weiss Ratings raised shares of CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, CSW Industrials currently has an average rating of “Moderate Buy” and an average target price of $347.57.

CSW Industrials Trading Down 0.0%

Shares of NYSE:CSW opened at $287.51 on Friday. The business’s 50-day moving average is $312.53 and its 200 day moving average is $290.39. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.70 and a quick ratio of 1.36. CSW Industrials has a 1 year low of $230.45 and a 1 year high of $355.48. The firm has a market capitalization of $4.68 billion, a P/E ratio of 39.44 and a beta of 0.81.

CSW Industrials (NYSE:CSW) last issued its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.84 earnings per share for the quarter, topping the consensus estimate of $3.66 by $0.18. CSW Industrials had a return on equity of 17.41% and a net margin of 10.34%. The business had revenue of $350.65 million during the quarter. CSW Industrials’s revenue was up 33.0% compared to the same quarter last year. On average, research analysts predict that CSW Industrials will post 12.53 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Joseph Armes sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $289.58, for a total value of $434,370.00. Following the completion of the transaction, the chief executive officer directly owned 62,736 shares in the company, valued at $18,167,090.88. This trade represents a 2.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jeff Underwood sold 720 shares of CSW Industrials stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $346.96, for a total value of $249,811.20. Following the sale, the executive vice president directly owned 6,409 shares of the company’s stock, valued at $2,223,666.64. This trade represents a 10.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CSW Industrials

Large investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new position in CSW Industrials during the second quarter valued at approximately $686,462,000. First Manhattan CO. LLC. acquired a new position in CSW Industrials in the fourth quarter valued at approximately $80,257,000. Wasatch Advisors LP lifted its holdings in CSW Industrials by 31.1% in the first quarter. Wasatch Advisors LP now owns 873,659 shares of the basic materials company’s stock valued at $227,658,000 after acquiring an additional 207,186 shares during the period. Jupiter Topco LLC purchased a new stake in CSW Industrials in the 2nd quarter worth approximately $36,656,000. Finally, Bank of America Corp DE purchased a new stake in CSW Industrials in the 2nd quarter worth approximately $29,809,000. 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 products company headquartered in Dallas, Texas. The company develops, manufactures and sells products used in the maintenance, repair, construction and improvement of residential, commercial and industrial infrastructure.

CSW Industrials operates through three primary business segments: Contractor Solutions, Engineered Building Solutions and Specialized Reliability Solutions. Its product portfolio includes HVAC and refrigeration products, plumbing and electrical solutions, adhesives, sealants, coatings, fire- and smoke-protection products, roofing materials, building components and specialty products designed to support the reliability and performance of industrial equipment and infrastructure.