CSW Industrials (NYSE:CSW) Raised to Strong-Buy at Zacks Research

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

CSW has been the subject of several other research reports. Citigroup decreased their target price on CSW Industrials from $307.00 to $304.00 and set a “neutral” rating for the company in a research report on Wednesday, May 27th. Truist Financial reduced their price objective 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. Robert W. Baird assumed coverage on shares of CSW Industrials in a report on Tuesday, February 17th. They issued an “outperform” rating and a $378.00 price objective for the company. Wells Fargo & Company boosted their target price on shares of CSW Industrials from $280.00 to $285.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 27th. Finally, Weiss Ratings raised shares of CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Three analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $328.57.

CSW Industrials Stock Performance

Shares of CSW Industrials stock opened at $278.15 on Monday. The firm has a market cap of $4.54 billion, a PE ratio of 41.64 and a beta of 0.84. The firm’s 50-day simple moving average is $276.88 and its 200-day simple moving average is $287.58. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.23 and a current ratio of 2.60. CSW Industrials has a 1 year low of $230.45 and a 1 year high of $337.02.

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

Insider Buying and Selling

In related news, Director Darron K. Ash acquired 300 shares of the stock in a transaction that occurred on Friday, March 13th. The stock was purchased at an average cost of $256.62 per share, for a total transaction of $76,986.00. Following the purchase, the director directly owned 1,155 shares in the company, valued at $296,396.10. This represents a 35.09% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Luke Alverson sold 1,007 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $289.57, for a total value of $291,596.99. Following the completion of the sale, the senior vice president directly owned 12,450 shares in the company, valued at $3,605,146.50. This represents a 7.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 5,180 shares of company stock valued at $1,465,478 in the last 90 days. Corporate insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On CSW Industrials

Several large investors have recently made changes to their positions in CSW. Arax Advisory Partners bought a new stake in shares of CSW Industrials during the fourth quarter valued at approximately $28,000. Danske Bank A S bought a new position in CSW Industrials in the 4th quarter worth approximately $29,000. Valley Wealth Managers Inc. bought a new position in CSW Industrials in the 1st quarter worth approximately $26,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in CSW Industrials in the 4th quarter valued at approximately $31,000. Finally, Global Retirement Partners LLC bought a new stake in CSW Industrials during the 4th 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 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.