CSW Industrials (CSWI) Lifted to “Buy” at BidaskClub

BidaskClub upgraded shares of CSW Industrials (NASDAQ:CSWI) from a hold rating to a buy rating in a research note released on Saturday, BidAskClub reports.

Shares of CSWI stock opened at $60.85 on Friday. CSW Industrials has a 1-year low of $41.50 and a 1-year high of $61.61. The company has a current ratio of 2.81, a quick ratio of 1.67 and a debt-to-equity ratio of 0.04. The firm has a market cap of $919.27 million, a PE ratio of 24.05 and a beta of 1.30.

CSW Industrials (NASDAQ:CSWI) last issued its quarterly earnings results on Tuesday, February 5th. The basic materials company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.05. CSW Industrials had a return on equity of 15.05% and a net margin of 11.15%. The business had revenue of $77.50 million for the quarter, compared to the consensus estimate of $73.13 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. CSW Industrials’s revenue for the quarter was up 12.3% compared to the same quarter last year.

The company also recently announced a special dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 8th will be paid a $0.135 dividend. The ex-dividend date of this dividend is Tuesday, May 7th.

In other CSW Industrials news, Chairman Joseph B. Armes sold 5,000 shares of the business’s stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $56.07, for a total value of $280,350.00. Following the transaction, the chairman now owns 61,345 shares in the company, valued at $3,439,614.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.20% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Quantamental Technologies LLC purchased a new position in CSW Industrials in the fourth quarter valued at about $38,000. Princeton Global Asset Management LLC purchased a new position in CSW Industrials in the fourth quarter valued at about $39,000. O Shaughnessy Asset Management LLC grew its stake in CSW Industrials by 16.2% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 2,614 shares of the basic materials company’s stock valued at $127,000 after purchasing an additional 365 shares in the last quarter. Legal & General Group Plc grew its stake in CSW Industrials by 12.9% in the fourth quarter. Legal & General Group Plc now owns 2,973 shares of the basic materials company’s stock valued at $144,000 after purchasing an additional 339 shares in the last quarter. Finally, Smith Asset Management Group LP purchased a new position in CSW Industrials in the fourth quarter valued at about $161,000. Hedge funds and other institutional investors own 73.18% of the company’s stock.

CSW Industrials Company Profile

CSW Industrials, Inc operates as a diversified industrial company in the United States and internationally. The company operates through two segments, Industrial Products and Specialty Chemicals. The Industrial Products segment offers specialty mechanical products; fire and smoke protection products; architecturally-specified building products; and storage, filtration, and application equipment for use with specialty chemicals and other products.

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