CSW Industrials Inc (NASDAQ:CSWI) has been given an average broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company.
Brokerages have set a twelve-month consensus price objective of $60.00 for the company and are forecasting that the company will post $0.49 EPS for the current quarter, according to Zacks. Zacks has also assigned CSW Industrials an industry rank of 126 out of 265 based on the ratings given to related companies.
Several research firms have issued reports on CSWI. BidaskClub raised CSW Industrials from a “sell” rating to a “hold” rating in a research note on Saturday, January 13th. Sidoti began coverage on CSW Industrials in a research note on Wednesday, December 20th. They set a “neutral” rating for the company. Zacks Investment Research raised CSW Industrials from a “hold” rating to a “strong-buy” rating and set a $52.00 target price for the company in a research note on Wednesday, February 14th. TheStreet cut CSW Industrials from a “b-” rating to a “c” rating in a research note on Tuesday, March 27th. Finally, B. Riley set a $60.00 target price on CSW Industrials and gave the stock a “buy” rating in a research note on Thursday, February 8th.
In other CSW Industrials news, Chairman Joseph B. Armes sold 4,250 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $45.89, for a total transaction of $195,032.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.10% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new stake in CSW Industrials during the third quarter worth $129,000. Teacher Retirement System of Texas acquired a new stake in shares of CSW Industrials in the fourth quarter valued at $250,000. Stone Ridge Asset Management LLC acquired a new stake in shares of CSW Industrials in the fourth quarter valued at $258,000. MetLife Investment Advisors LLC acquired a new stake in shares of CSW Industrials in the fourth quarter valued at $283,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of CSW Industrials in the third quarter valued at $291,000. 68.78% of the stock is owned by institutional investors.
CSW Industrials stock traded down $0.90 during trading on Wednesday, reaching $44.15. 52,045 shares of the company were exchanged, compared to its average volume of 40,103. CSW Industrials has a 52-week low of $34.05 and a 52-week high of $50.00. The company has a market cap of $719.41, a price-to-earnings ratio of 26.82 and a beta of 1.20. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.99 and a current ratio of 3.03.
CSW Industrials (NASDAQ:CSWI) last announced its quarterly earnings data on Thursday, February 8th. The basic materials company reported $0.32 EPS for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.03. The firm had revenue of $69.03 million for the quarter, compared to the consensus estimate of $79.04 million. CSW Industrials had a positive return on equity of 11.16% and a negative net margin of 4.49%. The firm’s revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.12 earnings per share. analysts predict that CSW Industrials will post 2.01 EPS for the current fiscal year.
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CSW Industrials Company Profile
CSW Industrials, Inc (CSWI) is a diversified industrial growth company. The Company operates through three segments: Industrial Products; Coatings, Sealants & Adhesives, and Specialty Chemicals. The Industrial Products segment consists of specialty mechanical products; fire and smoke protection products; architecturally specified building products, and storage, filtration and application equipment.
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