StockNews.com Downgrades CSW Industrials (NASDAQ:CSWI) to Hold

CSW Industrials (NASDAQ:CSWI) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report released on Tuesday.

Separately, CL King initiated coverage on shares of CSW Industrials in a report on Friday, June 21st. They set a “buy” rating for the company.

CSW Industrials Stock Performance

CSWI stock opened at $352.44 on Tuesday. CSW Industrials has a twelve month low of $167.27 and a twelve month high of $359.94. The company has a quick ratio of 1.44, a current ratio of 2.73 and a debt-to-equity ratio of 0.18. The company has a market cap of $5.48 billion, a P/E ratio of 53.97, a price-to-earnings-growth ratio of 2.52 and a beta of 0.77. The business’s fifty day moving average is $310.03 and its 200-day moving average is $269.08.

CSW Industrials (NASDAQ:CSWI) last released its earnings results on Wednesday, July 31st. The basic materials company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.18 by $0.29. The firm had revenue of $226.18 million for the quarter, compared to analyst estimates of $215.40 million. CSW Industrials had a return on equity of 19.19% and a net margin of 13.44%. During the same quarter in the prior year, the firm posted $1.97 earnings per share. Equities research analysts forecast that CSW Industrials will post 8.45 EPS for the current year.

Insider Buying and Selling at CSW Industrials

In other news, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $341.37, for a total transaction of $341,370.00. Following the sale, the chief executive officer now owns 51,579 shares of the company’s stock, valued at $17,607,523.23. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On CSW Industrials

Several large investors have recently made changes to their positions in CSWI. Contravisory Investment Management Inc. boosted its stake in CSW Industrials by 48.1% in the 2nd quarter. Contravisory Investment Management Inc. now owns 117 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 38 shares during the period. Harbor Investment Advisory LLC acquired a new stake in CSW Industrials in the 1st quarter valued at approximately $58,000. SG Americas Securities LLC acquired a new stake in CSW Industrials in the 1st quarter valued at approximately $148,000. Russell Investments Group Ltd. boosted its position in CSW Industrials by 20,750.0% during the 1st quarter. Russell Investments Group Ltd. now owns 834 shares of the basic materials company’s stock worth $196,000 after acquiring an additional 830 shares during the last quarter. Finally, TCI Wealth Advisors Inc. bought a new position in shares of CSW Industrials during the 1st quarter worth approximately $202,000. Institutional investors own 82.79% of the company’s stock.

CSW Industrials Company Profile

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.