CSW Industrials (NYSE:CSW) Stock Rating Upgraded by Zacks Research

CSW Industrials (NYSE:CSW) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

Other analysts have also recently issued reports about the company. Robert W. Baird began coverage on CSW Industrials in a research report on Tuesday, February 17th. They issued an “outperform” rating and a $378.00 price objective for the company. Wells Fargo & Company increased their target price on CSW Industrials from $280.00 to $285.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 27th. Truist Financial lowered their target price on CSW Industrials from $301.00 to $300.00 and set a “hold” rating on the stock in a research note on Wednesday, May 27th. Weiss Ratings upgraded CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Finally, Citigroup lowered their target price on CSW Industrials from $307.00 to $304.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 27th. Three analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $328.57.

CSW Industrials Stock Performance

CSW opened at $278.15 on Monday. CSW Industrials has a 12-month low of $230.45 and a 12-month high of $337.02. The stock has a market cap of $4.54 billion, a price-to-earnings ratio of 41.64 and a beta of 0.84. The business has a 50 day moving average of $276.88 and a 200-day moving average of $287.58. The company has a quick ratio of 1.23, a current ratio of 2.60 and a debt-to-equity ratio of 0.80.

CSW Industrials (NYSE:CSW) last released its quarterly earnings data on Tuesday, May 26th. The basic materials company reported $3.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.34 by $0.80. CSW Industrials had a return on equity of 15.91% and a net margin of 10.35%.The company had revenue of $308.96 million during the quarter. The firm’s revenue for the quarter was up 34.0% compared to the same quarter last year. On average, equities research analysts expect that CSW Industrials will post 12.52 earnings per share for the current year.

Insider Transactions at CSW Industrials

In other CSW Industrials news, SVP Luke Alverson sold 1,007 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $289.57, for a total transaction of $291,596.99. Following the transaction, the senior vice president owned 12,450 shares in the company, valued at $3,605,146.50. This trade represents a 7.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Joseph B. Armes sold 1,500 shares of the firm’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $286.77, for a total value of $430,155.00. Following the transaction, the chief executive officer owned 84,494 shares in the company, valued at approximately $24,230,344.38. This trade represents a 1.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 5,180 shares of company stock worth $1,465,478 in the last ninety days. 1.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CSW Industrials

Hedge funds have recently added to or reduced their stakes in the stock. Arax Advisory Partners bought a new position in CSW Industrials during the 4th quarter worth $28,000. Danske Bank A S bought a new position in CSW Industrials during the 4th quarter worth $29,000. Valley Wealth Managers Inc. bought a new position in CSW Industrials during the 1st quarter worth $26,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in CSW Industrials during the 4th quarter worth $31,000. Finally, Global Retirement Partners LLC bought a new position in CSW Industrials during the 4th quarter worth $31,000. Institutional investors own 82.79% of the company’s stock.

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.