CSW Industrials (CSWI) Stock Rating Lowered by Zacks Investment Research

CSW Industrials (NASDAQ:CSWI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Thursday.

According to Zacks, “CSW Industrials, Inc. manufactures and sells industrial products; coatings, sealants, adhesives and specialty chemicals. The company offers HVAC mechanical, building and fire/smoke prevention, lubricating and filtration equipment for commercial construction, HVAC and rail companies. In addition, it offers engineered specialty lubricants and greases, degreasers and cleaners for oilfield, mining, industrial, rail and HVAC customers. The Company’s brand includes Novent, Goliath, Railplex, Paragon and Versatac.CSW Industrials, Inc. is based in Dallas, Texas. “

CSWI has been the topic of a number of other reports. BidaskClub lowered shares of CSW Industrials from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. B. Riley lifted their price target on shares of CSW Industrials from $48.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. FBR & Co restated a “buy” rating on shares of CSW Industrials in a research note on Friday, September 22nd. Finally, Sidoti initiated coverage on shares of CSW Industrials in a research note on Wednesday, December 20th. They issued a “neutral” rating for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $55.50.

CSW Industrials (CSWI) opened at $46.00 on Thursday. CSW Industrials has a 12-month low of $34.05 and a 12-month high of $50.00. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.06 and a current ratio of 3.12. The company has a market cap of $733.81, a price-to-earnings ratio of 38.33 and a beta of 1.35.

CSW Industrials (NASDAQ:CSWI) last posted its earnings results on Wednesday, November 8th. The basic materials company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. CSW Industrials had a net margin of 5.39% and a return on equity of 10.77%. The business had revenue of $90.40 million for the quarter, compared to analysts’ expectations of $91.52 million. During the same period in the previous year, the company posted $0.48 earnings per share. The business’s revenue for the quarter was up 12.9% compared to the same quarter last year. research analysts anticipate that CSW Industrials will post 1.99 EPS for the current year.

Several large investors have recently modified their holdings of CSWI. SG Americas Securities LLC bought a new stake in shares of CSW Industrials in the third quarter worth $129,000. Acrospire Investment Management LLC increased its stake in shares of CSW Industrials by 92.1% in the second quarter. Acrospire Investment Management LLC now owns 4,187 shares of the basic materials company’s stock worth $162,000 after buying an additional 2,007 shares during the last quarter. Westwood Holdings Group Inc. bought a new stake in shares of CSW Industrials in the second quarter worth $186,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of CSW Industrials in the third quarter worth $291,000. Finally, Voya Investment Management LLC increased its stake in shares of CSW Industrials by 13.9% in the second quarter. Voya Investment Management LLC now owns 8,436 shares of the basic materials company’s stock worth $326,000 after buying an additional 1,027 shares during the last quarter. Institutional investors and hedge funds own 67.79% of the company’s stock.

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About CSW Industrials

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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