CSW Industrials (NYSE:CSW) Rating Lowered to Hold at Wall Street Zen

CSW Industrials (NYSE:CSW) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Sunday, Wall Street Zen reports.

Several other research firms also recently weighed in on CSW. Citigroup lifted their target price on shares of CSW Industrials from $304.00 to $340.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Wells Fargo & Company upped their price target on shares of CSW Industrials from $285.00 to $320.00 and gave the company an “equal weight” rating in a research report on Friday, July 31st. Truist Financial upped their price target on shares of CSW Industrials from $313.00 to $332.00 and gave the company a “hold” rating in a research report on Monday, August 3rd. Zacks Research lowered shares of CSW Industrials from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of CSW Industrials from $350.00 to $380.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $347.57.

CSW Industrials Trading Down 0.4%

Shares of CSW opened at $287.18 on Friday. The business’s 50-day moving average price is $305.65 and its 200 day moving average price is $291.51. The stock has a market capitalization of $4.68 billion, a P/E ratio of 39.39 and a beta of 0.81. CSW Industrials has a 1-year low of $236.66 and a 1-year high of $355.48. The company has a current ratio of 2.70, a quick ratio of 1.36 and a debt-to-equity ratio of 0.77.

CSW Industrials (NYSE:CSW) last posted its quarterly earnings data 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 firm had revenue of $350.65 million for the quarter. The business’s revenue was up 33.0% on a year-over-year basis. Analysts expect that CSW Industrials will post 12.53 earnings per share for the current year.

Insider Transactions at CSW Industrials

In other news, CEO Joseph B. Armes sold 1,500 shares of the stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $287.04, for a total value of $430,560.00. Following the completion of the sale, the chief executive officer directly owned 64,083 shares of the company’s stock, valued at $18,394,384.32. This represents a 2.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jeff Underwood sold 720 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $346.96, for a total transaction of $249,811.20. Following the sale, the executive vice president owned 6,409 shares of the company’s stock, valued at approximately $2,223,666.64. This represents a 10.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 3,720 shares of company stock worth $1,114,741 in the last quarter. 1.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CSW Industrials

A number of institutional investors have recently modified their holdings of CSW. Whittier Trust Co. lifted its stake in CSW Industrials by 24.8% in the first quarter. Whittier Trust Co. now owns 252 shares of the basic materials company’s stock valued at $67,000 after acquiring an additional 50 shares during the last quarter. Valley Wealth Managers Inc. acquired a new position in shares of CSW Industrials during the 1st quarter worth $26,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of CSW Industrials during the 2nd quarter worth $29,000. Public Employees Retirement System of Ohio acquired a new position in shares of CSW Industrials during the 2nd quarter worth $29,000. Finally, Global Retirement Partners LLC bought a new position in shares of CSW Industrials during the 2nd quarter valued at $31,000. Institutional investors and hedge funds own 82.79% of the company’s stock.

CSW Industrials Company Profile

CSW Industrials, Inc (NYSE: CSW) is a diversified industrial company that develops, manufactures and sells products designed for professional trades, commercial and residential construction, and industrial maintenance applications. Its offerings are marketed primarily through established brands and distribution channels serving contractors, building professionals and industrial customers.

The company operates through three principal segments: Contractor Solutions, Engineered Building Solutions and Specialized Reliability Solutions.