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

CSW Industrials (NASDAQ:CSWIGet Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

Separately, Barrington Research boosted their price objective on shares of CSW Industrials from $153.00 to $157.00 and gave the company an “outperform” rating in a research report on Monday, August 22nd.

CSW Industrials Trading Down 2.5 %

Shares of CSWI opened at $122.62 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.39 and a current ratio of 2.72. CSW Industrials has a fifty-two week low of $96.03 and a fifty-two week high of $145.50. The stock has a market capitalization of $1.89 billion, a PE ratio of 26.03 and a beta of 0.82. The company’s fifty day moving average is $125.60 and its 200 day moving average is $114.68.

CSW Industrials (NASDAQ:CSWIGet Rating) last posted its quarterly earnings data on Friday, August 5th. The basic materials company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.51. CSW Industrials had a net margin of 11.16% and a return on equity of 16.10%. The business had revenue of $199.93 million for the quarter, compared to analysts’ expectations of $180.23 million. Sell-side analysts expect that CSW Industrials will post 6.19 earnings per share for the current fiscal year.

Insider Transactions at CSW Industrials

In other news, CEO Joseph B. Armes sold 2,000 shares of the company’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $125.48, for a total value of $250,960.00. Following the transaction, the chief executive officer now directly owns 56,920 shares in the company, valued at $7,142,321.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Joseph B. Armes sold 2,000 shares of the company’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $125.48, for a total value of $250,960.00. Following the transaction, the chief executive officer now directly owns 56,920 shares in the company, valued at $7,142,321.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Joseph B. Armes sold 10,800 shares of the company’s stock in a transaction dated Tuesday, August 23rd. The stock was sold at an average price of $133.07, for a total transaction of $1,437,156.00. Following the completion of the transaction, the chief executive officer now owns 58,920 shares in the company, valued at $7,840,484.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,373 shares of company stock worth $2,765,038. Insiders own 1.40% of the company’s stock.

Institutional Trading of CSW Industrials

A number of hedge funds have recently added to or reduced their stakes in CSWI. BNP Paribas Arbitrage SA lifted its stake in CSW Industrials by 241.0% in the fourth quarter. BNP Paribas Arbitrage SA now owns 9,664 shares of the basic materials company’s stock worth $1,168,000 after acquiring an additional 6,830 shares during the period. Teacher Retirement System of Texas lifted its stake in CSW Industrials by 18.8% in the fourth quarter. Teacher Retirement System of Texas now owns 2,847 shares of the basic materials company’s stock worth $344,000 after acquiring an additional 451 shares during the period. Qube Research & Technologies Ltd purchased a new stake in CSW Industrials in the fourth quarter worth about $984,000. JPMorgan Chase & Co. lifted its stake in CSW Industrials by 165.4% in the fourth quarter. JPMorgan Chase & Co. now owns 70,938 shares of the basic materials company’s stock worth $8,573,000 after acquiring an additional 44,211 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in CSW Industrials by 6.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 129,214 shares of the basic materials company’s stock worth $15,617,000 after acquiring an additional 8,300 shares during the period. 78.61% of the stock is owned by hedge funds and other institutional investors.

About CSW Industrials

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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 cements, diffusers, grilles, registers, solvents, thread sealants, traps, and vents for use in HVAC/R, plumbing, general industrial, architecturally, and specified building products.

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