Shares of CSW Industrials, Inc. (NASDAQ:CSWI) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Brokerages have set a 12 month consensus target price of $60.00 for the company and are predicting that the company will post $0.29 earnings per share for the current quarter, according to Zacks. Zacks has also given CSW Industrials an industry rank of 119 out of 265 based on the ratings given to its competitors.
Several equities analysts have recently weighed in on CSWI shares. Zacks Investment Research raised CSW Industrials from a “hold” rating to a “strong-buy” rating and set a $50.00 target price on the stock in a research report on Friday, September 22nd. B. Riley boosted their target price on CSW Industrials from $48.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. BidaskClub raised CSW Industrials from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Finally, FBR & Co reissued a “buy” rating on shares of CSW Industrials in a research report on Friday, September 22nd.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. New York State Common Retirement Fund boosted its holdings in CSW Industrials by 0.7% during the 2nd quarter. New York State Common Retirement Fund now owns 14,900 shares of the basic materials company’s stock valued at $576,000 after acquiring an additional 99 shares during the period. Nationwide Fund Advisors boosted its holdings in CSW Industrials by 6.3% during the 2nd quarter. Nationwide Fund Advisors now owns 9,904 shares of the basic materials company’s stock valued at $383,000 after acquiring an additional 587 shares during the period. Teachers Advisors LLC boosted its holdings in CSW Industrials by 2.9% during the 1st quarter. Teachers Advisors LLC now owns 24,328 shares of the basic materials company’s stock valued at $893,000 after acquiring an additional 679 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in CSW Industrials by 1.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 67,032 shares of the basic materials company’s stock valued at $2,591,000 after acquiring an additional 840 shares during the period. Finally, US Bancorp DE boosted its holdings in CSW Industrials by 16.8% during the 2nd quarter. US Bancorp DE now owns 6,285 shares of the basic materials company’s stock valued at $243,000 after acquiring an additional 904 shares during the period. 67.84% of the stock is currently owned by hedge funds and other institutional investors.
CSW Industrials (NASDAQ CSWI) traded up $1.20 during midday trading on Wednesday, hitting $48.20. The stock had a trading volume of 43,300 shares, compared to its average volume of 48,713. The company has a market cap of $746.58, a P/E ratio of 24.74 and a beta of 1.45. The company has a current ratio of 3.12, a quick ratio of 2.06 and a debt-to-equity ratio of 0.18. CSW Industrials has a 52-week low of $34.05 and a 52-week high of $50.00.
CSW Industrials (NASDAQ:CSWI) last released its earnings results on Wednesday, November 8th. The basic materials company reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.01. The firm had revenue of $90.40 million for the quarter, compared to the consensus estimate of $91.52 million. CSW Industrials had a return on equity of 10.77% and a net margin of 5.39%. The company’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 EPS. research analysts expect that CSW Industrials will post 1.99 EPS for the current fiscal year.
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CSW Industrials Company Profile
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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