CSW Industrials, Inc. (NYSE:CSW) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Shares of CSW Industrials, Inc. (NYSE:CSW) have earned a consensus rating of “Moderate Buy” from the nine ratings firms that are presently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $347.57.

A number of brokerages recently commented on CSW. Citigroup upped their price objective on CSW Industrials from $304.00 to $340.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Wall Street Zen upgraded CSW Industrials from a “hold” rating to a “buy” rating in a research note on Saturday, October 10th. Weiss Ratings upgraded CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. JPMorgan Chase & Co. boosted their price target on shares of CSW Industrials from $350.00 to $380.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Finally, Zacks Research downgraded shares of CSW Industrials from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th.

CSW Industrials Stock Up 1.0%

Shares of CSW Industrials stock opened at $291.43 on Friday. The company has a current ratio of 2.70, a quick ratio of 1.36 and a debt-to-equity ratio of 0.77. The business’s 50 day simple moving average is $308.08 and its 200-day simple moving average is $291.13. The stock has a market capitalization of $4.75 billion, a price-to-earnings ratio of 25.40 and a beta of 0.81. CSW Industrials has a twelve month low of $236.66 and a twelve month high of $355.48.

CSW Industrials (NYSE:CSW) last announced its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.84 earnings per share (EPS) 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 for the quarter. CSW Industrials’s revenue for the quarter was up 33.0% on a year-over-year basis. Equities research analysts forecast that CSW Industrials will post 12.53 earnings per share for the current year.

Insider Activity

In related news, CEO Joseph B. Armes sold 1,500 shares of CSW Industrials stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $289.58, for a total value of $434,370.00. Following the sale, 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 shares were sold at an average price of $346.96, for a total transaction of $249,811.20. Following the completion of the sale, the executive vice president owned 6,409 shares in the company, valued at approximately $2,223,666.64. This represents a 10.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On CSW Industrials

Large investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of CSW Industrials during the second quarter worth approximately $686,462,000. Wasatch Advisors LP grew its holdings in CSW Industrials by 31.1% in the 1st quarter. Wasatch Advisors LP now owns 873,659 shares of the basic materials company’s stock worth $227,658,000 after buying an additional 207,186 shares in the last quarter. First Trust Advisors LP increased its position in CSW Industrials by 14.5% in the 1st quarter. First Trust Advisors LP now owns 437,462 shares of the basic materials company’s stock valued at $113,994,000 after acquiring an additional 55,288 shares during the period. Congress Asset Management Co. increased its position in CSW Industrials by 0.4% in the 3rd quarter. Congress Asset Management Co. now owns 301,580 shares of the basic materials company’s stock valued at $86,879,000 after acquiring an additional 1,074 shares during the period. Finally, First Manhattan CO. LLC. acquired a new stake in CSW Industrials in the 4th quarter valued at approximately $80,257,000. Institutional investors and hedge funds 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.