CSW Industrials (CSWI) Downgraded by Zacks Investment Research

Zacks Investment Research downgraded shares of CSW Industrials (NASDAQ:CSWI) from a buy rating to a hold rating in a research note issued to investors on Thursday.

According to Zacks, “CSW Industrials, Inc. manufactures and sells industrial products; coatings, sealants, adhesives and specialty chemicals. The company offers HVAC mechanical, building and fire/smoke prevention, lubricating and filtration equipment for commercial construction, HVAC and rail companies. In addition, it offers engineered specialty lubricants and greases, degreasers and cleaners for oilfield, mining, industrial, rail and HVAC customers. The Company’s brand includes Novent, Goliath, Railplex, Paragon and Versatac.CSW Industrials, Inc. is based in Dallas, Texas. “

A number of other research analysts have also commented on CSWI. FBR & Co restated a buy rating on shares of CSW Industrials in a research note on Friday, September 22nd. B. Riley reiterated a buy rating and set a $60.00 price objective (up from $48.00) on shares of CSW Industrials in a research note on Wednesday, November 1st. Sidoti started coverage on CSW Industrials in a research note on Wednesday, December 20th. They set a neutral rating for the company. Finally, BidaskClub lowered CSW Industrials from a hold rating to a sell rating in a research note on Wednesday, December 27th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of Hold and an average target price of $55.50.

CSW Industrials (NASDAQ CSWI) opened at $46.00 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.12 and a quick ratio of 2.06. The company has a market capitalization of $734.62, a price-to-earnings ratio of 38.33 and a beta of 1.35. CSW Industrials has a 12 month low of $34.05 and a 12 month high of $50.00.

CSW Industrials (NASDAQ:CSWI) last issued its earnings results on Wednesday, November 8th. The basic materials company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. The business had revenue of $90.40 million during the quarter, compared to analyst estimates of $91.52 million. CSW Industrials had a return on equity of 10.77% and a net margin of 5.39%. CSW Industrials’s revenue was up 12.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.48 earnings per share. research analysts predict that CSW Industrials will post 1.99 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. raised its stake in CSW Industrials by 6.3% during the second quarter. Victory Capital Management Inc. now owns 44,512 shares of the basic materials company’s stock worth $1,720,000 after acquiring an additional 2,626 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in CSW Industrials by 16.9% during the second quarter. Dimensional Fund Advisors LP now owns 204,448 shares of the basic materials company’s stock worth $7,902,000 after acquiring an additional 29,508 shares in the last quarter. Thrivent Financial For Lutherans acquired a new position in CSW Industrials during the second quarter worth $370,000. Los Angeles Capital Management & Equity Research Inc. raised its stake in CSW Industrials by 42.1% during the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 13,840 shares of the basic materials company’s stock worth $614,000 after acquiring an additional 4,100 shares in the last quarter. Finally, Northern Trust Corp raised its stake in CSW Industrials by 2.6% during the second quarter. Northern Trust Corp now owns 184,532 shares of the basic materials company’s stock worth $7,133,000 after acquiring an additional 4,673 shares in the last quarter. Hedge funds and other institutional investors own 67.79% of the company’s stock.

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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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