CSW Industrials (NYSE:CSW) Upgraded by Robert W. Baird to Strong-Buy Rating

CSW Industrials (NYSE:CSW) was upgraded by Robert W. Baird to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Other research analysts have also issued reports about the stock. JPMorgan Chase & Co. upgraded shares of CSW Industrials from a “neutral” rating to an “overweight” rating and upped their target price for the company from $300.00 to $350.00 in a report on Wednesday, December 3rd. Citigroup decreased their target price on shares of CSW Industrials from $333.00 to $307.00 and set a “neutral” rating on the stock in a research report on Friday, January 30th. Wells Fargo & Company cut their price target on CSW Industrials from $300.00 to $280.00 and set an “equal weight” rating for the company in a report on Monday, February 2nd. Zacks Research downgraded CSW Industrials from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th. Finally, Jefferies Financial Group set a $350.00 target price on CSW Industrials in a research report on Wednesday, December 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $327.14.

CSW Industrials Trading Up 3.4%

Shares of CSW Industrials stock opened at $303.95 on Tuesday. CSW Industrials has a 1 year low of $230.45 and a 1 year high of $338.90. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.36 and a quick ratio of 0.97. The business has a 50 day moving average price of $307.07 and a 200 day moving average price of $274.51. The company has a market capitalization of $5.01 billion, a P/E ratio of 40.31 and a beta of 0.83.

CSW Industrials (NYSE:CSW) last released its quarterly earnings results on Thursday, January 29th. The basic materials company reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.93 by ($0.51). CSW Industrials had a return on equity of 14.55% and a net margin of 12.64%.The company had revenue of $232.99 million for the quarter, compared to analysts’ expectations of $249.36 million. Sell-side analysts anticipate that CSW Industrials will post 8.49 EPS for the current fiscal year.

Insider Activity at CSW Industrials

In related news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $328.64, for a total value of $328,640.00. Following the completion of the sale, the chief executive officer directly owned 62,526 shares in the company, valued at approximately $20,548,544.64. This represents a 1.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP James E. Perry sold 580 shares of the firm’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $275.00, for a total value of $159,500.00. Following the completion of the transaction, the executive vice president directly owned 25,349 shares in the company, valued at $6,970,975. This trade represents a 2.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 7,866 shares of company stock valued at $2,389,823 over the last quarter. Company insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On CSW Industrials

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Arax Advisory Partners purchased a new stake in shares of CSW Industrials during the fourth quarter valued at approximately $28,000. Danske Bank A S acquired a new stake in CSW Industrials during the 4th quarter valued at $29,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in CSW Industrials during the 4th quarter valued at $31,000. Global Retirement Partners LLC purchased a new stake in CSW Industrials during the 4th quarter worth $31,000. Finally, CWM LLC acquired a new position in CSW Industrials in the 4th quarter worth $32,000. 82.79% of the stock is owned by institutional investors and hedge funds.

About CSW Industrials

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.