CSW Industrials Inc (CSWI) Given $60.00 Consensus Target Price by Brokerages

Shares of CSW Industrials Inc (NASDAQ:CSWI) have been given an average broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company. CSW Industrials’ rating score has declined by 100% from 90 days ago as a result of various analysts’ upgrades and downgrades.

Brokerages have set a one year consensus target price of $60.00 for the company and are anticipating that the company will post $0.29 EPS for the current quarter, according to Zacks. Zacks has also assigned CSW Industrials an industry rank of 192 out of 265 based on the ratings given to related companies.

A number of equities research analysts have issued reports on CSWI shares. BidaskClub cut shares of CSW Industrials from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. Zacks Investment Research cut shares of CSW Industrials from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Sidoti assumed coverage on shares of CSW Industrials in a research note on Wednesday, December 20th. They issued a “neutral” rating for the company. Finally, B. Riley increased their target price on shares of CSW Industrials from $48.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas bought a new stake in shares of CSW Industrials in the fourth quarter valued at about $250,000. Strs Ohio lifted its stake in shares of CSW Industrials by 575.0% in the fourth quarter. Strs Ohio now owns 10,800 shares of the basic materials company’s stock valued at $496,000 after buying an additional 9,200 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in shares of CSW Industrials by 5.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 76,876 shares of the basic materials company’s stock valued at $3,533,000 after buying an additional 4,091 shares during the period. Janus Henderson Group PLC lifted its stake in shares of CSW Industrials by 7.4% in the third quarter. Janus Henderson Group PLC now owns 964,571 shares of the basic materials company’s stock valued at $42,779,000 after buying an additional 66,815 shares during the period. Finally, Zuckerman Investment Group LLC lifted its stake in shares of CSW Industrials by 0.4% in the third quarter. Zuckerman Investment Group LLC now owns 966,214 shares of the basic materials company’s stock valued at $42,852,000 after buying an additional 4,055 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

CSW Industrials (NASDAQ CSWI) traded down $0.65 during midday trading on Wednesday, hitting $44.20. 12,830 shares of the stock were exchanged, compared to its average volume of 32,020. CSW Industrials has a 1-year low of $34.05 and a 1-year high of $50.00. 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 firm has a market capitalization of $716.24, a P/E ratio of 37.38 and a beta of 1.26.

CSW Industrials (NASDAQ:CSWI) last posted its earnings results on Wednesday, November 8th. The basic materials company reported $0.56 EPS for the quarter, topping 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 net margin of 5.39% and a return on equity of 10.77%. The business’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.48 earnings per share. analysts anticipate 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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