CSW Industrials, Inc. (CSWI) Receives Average Rating of “Strong Buy” from Brokerages

CSW Industrials, Inc. (NASDAQ:CSWI) has earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.

Analysts have set a 12 month consensus price objective of $48.00 for the company and are anticipating that the company will post $0.55 earnings per share for the current quarter, according to Zacks. Zacks has also given CSW Industrials an industry rank of 71 out of 265 based on the ratings given to its competitors.

A number of research firms have recently commented on CSWI. Zacks Investment Research cut CSW Industrials from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 10th. FBR & Co restated a “buy” rating on shares of CSW Industrials in a research report on Friday, September 22nd. Finally, BidaskClub upgraded CSW Industrials from a “sell” rating to a “hold” rating in a research report on Friday, August 11th.

Hedge funds have recently bought and sold shares of the stock. IFP Advisors Inc acquired a new stake in CSW Industrials in the 2nd quarter worth about $104,000. Acrospire Investment Management LLC boosted its holdings in CSW Industrials by 92.1% in the 2nd quarter. Acrospire Investment Management LLC now owns 4,187 shares of the basic materials company’s stock worth $162,000 after buying an additional 2,007 shares during the last quarter. Westwood Holdings Group Inc. acquired a new stake in CSW Industrials in the 2nd quarter worth about $186,000. Spark Investment Management LLC acquired a new stake in CSW Industrials in the 2nd quarter worth about $208,000. Finally, US Bancorp DE boosted its holdings in CSW Industrials by 16.8% in the 2nd quarter. US Bancorp DE now owns 6,285 shares of the basic materials company’s stock worth $243,000 after buying an additional 904 shares during the last quarter. Institutional investors own 69.48% of the company’s stock.

Shares of CSW Industrials (CSWI) opened at $49.35 on Friday. CSW Industrials has a 12-month low of $29.35 and a 12-month high of $50.00. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.16 and a current ratio of 3.21. The company has a market capitalization of $784.07, a PE ratio of 27.27 and a beta of 1.45.

CSW Industrials (NASDAQ:CSWI) last posted its earnings results on Wednesday, August 9th. The basic materials company reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.10. CSW Industrials had a return on equity of 10.53% and a net margin of 4.54%. The firm had revenue of $98.03 million for the quarter, compared to analysts’ expectations of $94.90 million. During the same period last year, the firm earned $0.51 EPS. The company’s quarterly revenue was up 16.5% on a year-over-year basis. analysts predict that CSW Industrials will post 1.98 earnings per share for the current fiscal year.

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About CSW Industrials

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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