CSW Industrials (NYSE:CSW) Cut to “Hold” at Zacks Research

Zacks Research downgraded shares of CSW Industrials (NYSE:CSW) from a strong-buy rating to a hold rating in a research note issued to investors on Wednesday morning,Zacks.com reports.

A number of other analysts have also recently commented on the company. JPMorgan Chase & Co. cut their target price on CSW Industrials from $320.00 to $290.00 and set a “neutral” rating on the stock in a research report on Friday, October 3rd. Citigroup dropped their price target on CSW Industrials from $269.00 to $261.00 and set a “neutral” rating on the stock in a research report on Thursday. Truist Financial lifted their price objective on CSW Industrials from $273.00 to $276.00 and gave the company a “hold” rating in a report on Wednesday. Wells Fargo & Company lowered their price objective on CSW Industrials from $305.00 to $285.00 and set an “equal weight” rating on the stock in a report on Friday, August 1st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of CSW Industrials in a report on Saturday, September 27th. Seven analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $302.40.

CSW Industrials Stock Down 3.4%

CSW opened at $231.52 on Wednesday. The business’s 50-day simple moving average is $257.21 and its 200-day simple moving average is $285.48. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.48 and a current ratio of 2.86. CSW Industrials has a one year low of $230.45 and a one year high of $436.50. The stock has a market capitalization of $3.89 billion, a P/E ratio of 27.66 and a beta of 0.92.

CSW Industrials (NYSE:CSW) last posted its earnings results on Thursday, July 31st. The basic materials company reported $2.85 EPS for the quarter, topping analysts’ consensus estimates of $2.62 by $0.23. CSW Industrials had a return on equity of 13.78% and a net margin of 15.18%.The business had revenue of $263.65 million for the quarter, compared to analysts’ expectations of $278.27 million. Analysts anticipate that CSW Industrials will post 8.49 EPS for the current year.

Insider Buying and Selling

In related news, EVP Don Sullivan sold 1,067 shares of the company’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $283.14, for a total value of $302,110.38. Following the sale, the executive vice president owned 22,641 shares of the company’s stock, valued at approximately $6,410,572.74. This represents a 4.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $250.00, for a total value of $250,000.00. Following the completion of the sale, the chief executive officer directly owned 61,522 shares in the company, valued at approximately $15,380,500. The trade was a 1.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,412 shares of company stock worth $1,497,397 in the last quarter. Corporate insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On CSW Industrials

Institutional investors and hedge funds have recently bought and sold shares of the stock. Matrix Trust Co lifted its stake in CSW Industrials by 91.1% in the 2nd quarter. Matrix Trust Co now owns 86 shares of the basic materials company’s stock valued at $25,000 after buying an additional 41 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in CSW Industrials by 517.6% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 105 shares of the basic materials company’s stock valued at $31,000 after buying an additional 88 shares in the last quarter. Whittier Trust Co. acquired a new position in CSW Industrials in the 1st quarter valued at $59,000. Harbor Investment Advisory LLC raised its holdings in CSW Industrials by 27.3% in the 2nd quarter. Harbor Investment Advisory LLC now owns 275 shares of the basic materials company’s stock valued at $79,000 after acquiring an additional 59 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in CSW Industrials by 117.6% in the 1st quarter. GAMMA Investing LLC now owns 296 shares of the basic materials company’s stock valued at $86,000 after acquiring an additional 160 shares during the last quarter. Hedge funds and other institutional investors own 82.79% of the company’s stock.

CSW Industrials Company Profile

CSW Industrials, Inc operates as a diversified industrial company in the United States and internationally. It operates through three segments: Contractor Solutions, Engineered Building Solutions, and Specialized Reliability Solutions. The Contractor Solutions segment provides condensate pads, pans, pumps, switches, and traps; cements, diffusers, grilles, registers, solvents, thread sealants, and vents; line set covers; refrigerant caps; wire pulling head tools; electrical protection, chemical maintenance, and installation supplies for HVAC; ductless mini-split systems installation support tools and accessories; and drain waste and vent system products for use in HVAC/R, plumbing, general industrial, architecturally specified building products.