Shares of CSW Industrials, Inc. (NASDAQ:CSWI) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Brokerages have set a 1-year consensus target price of $48.00 for the company and are anticipating that the company will post $0.54 EPS for the current quarter, according to Zacks. Zacks has also assigned CSW Industrials an industry rank of 92 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research upgraded CSW Industrials from a “sell” rating to a “hold” rating in a report on Thursday, March 30th.
A number of hedge funds have recently bought and sold shares of the company. Wells Fargo & Company MN raised its stake in CSW Industrials by 13.5% in the first quarter. Wells Fargo & Company MN now owns 1,030,445 shares of the basic materials company’s stock worth $37,818,000 after buying an additional 122,859 shares in the last quarter. American Century Companies Inc. raised its stake in CSW Industrials by 14.3% in the first quarter. American Century Companies Inc. now owns 920,247 shares of the basic materials company’s stock worth $33,773,000 after buying an additional 114,801 shares in the last quarter. First Manhattan Co. raised its stake in CSW Industrials by 2.0% in the first quarter. First Manhattan Co. now owns 831,606 shares of the basic materials company’s stock worth $26,935,000 after buying an additional 16,488 shares in the last quarter. Janus Capital Management LLC raised its stake in CSW Industrials by 60.0% in the first quarter. Janus Capital Management LLC now owns 729,515 shares of the basic materials company’s stock worth $26,773,000 after buying an additional 273,439 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in CSW Industrials by 7.2% in the first quarter. Vanguard Group Inc. now owns 628,317 shares of the basic materials company’s stock worth $23,060,000 after buying an additional 42,352 shares in the last quarter. Institutional investors own 66.31% of the company’s stock.
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CSW Industrials (NASDAQ:CSWI) traded down 2.11% on Wednesday, hitting $37.20. The stock had a trading volume of 84,016 shares. The stock’s 50-day moving average is $35.98 and its 200 day moving average is $36.35. CSW Industrials has a 1-year low of $29.25 and a 1-year high of $41.85. The firm has a market capitalization of $589.55 million, a price-to-earnings ratio of 58.13 and a beta of 1.42.
CSW Industrials (NASDAQ:CSWI) last posted its earnings results on Wednesday, June 14th. The basic materials company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. The company had revenue of $87.30 million during the quarter, compared to analyst estimates of $80.41 million. CSW Industrials had a return on equity of 9.95% and a net margin of 3.38%. The business’s quarterly revenue was up 14.5% on a year-over-year basis. On average, equities research analysts predict that CSW Industrials will post $2.00 earnings per share for the current fiscal year.
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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