CSW Industrials (NASDAQ:CSWI) Lowered to “Hold” at StockNews.com

CSW Industrials (NASDAQ:CSWI) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Thursday.

Separately, CL King began coverage on shares of CSW Industrials in a research note on Friday, June 21st. They issued a “buy” rating for the company.

CSW Industrials Stock Up 0.8 %

CSWI traded up $2.25 on Thursday, hitting $291.71. 80,406 shares of the company were exchanged, compared to its average volume of 97,542. CSW Industrials has a 12 month low of $167.21 and a 12 month high of $301.36. The company has a market cap of $4.53 billion, a PE ratio of 44.67, a PEG ratio of 2.42 and a beta of 0.77. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.56 and a current ratio of 2.86. The stock’s fifty day moving average is $267.56 and its 200-day moving average is $242.74.

CSW Industrials (NASDAQ:CSWI) last posted its quarterly earnings results on Thursday, May 23rd. The basic materials company reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.18. The firm had revenue of $210.86 million for the quarter, compared to analyst estimates of $204.70 million. CSW Industrials had a net margin of 12.82% and a return on equity of 18.56%. Equities research analysts predict that CSW Industrials will post 8.22 EPS for the current fiscal year.

Insider Activity at CSW Industrials

In other news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $257.13, for a total transaction of $257,130.00. Following the transaction, the chief executive officer now owns 55,579 shares in the company, valued at $14,291,028.27. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On CSW Industrials

Institutional investors and hedge funds have recently modified their holdings of the business. Fifth Third Bancorp bought a new stake in CSW Industrials in the 4th quarter valued at about $31,000. Contravisory Investment Management Inc. boosted its stake in shares of CSW Industrials by 48.1% in the second quarter. Contravisory Investment Management Inc. now owns 117 shares of the basic materials company’s stock valued at $31,000 after buying an additional 38 shares during the period. Harbor Investment Advisory LLC acquired a new stake in CSW Industrials during the first quarter worth approximately $58,000. Simplex Trading LLC bought a new position in CSW Industrials during the 4th quarter worth $93,000. Finally, Cullen Frost Bankers Inc. raised its holdings in CSW Industrials by 103.8% in the 4th quarter. Cullen Frost Bankers Inc. now owns 595 shares of the basic materials company’s stock valued at $123,000 after acquiring an additional 303 shares in the last quarter. 82.79% of the stock is currently owned by institutional investors and hedge funds.

About CSW Industrials

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.