CSW Industrials (NYSE:CSW) Raised to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen upgraded CSW Industrials from “hold” to “buy.” MarketBeat reports a consensus “Moderate Buy” rating and an average analyst price target of $347.57.
• CSW Industrials reported quarterly EPS of $3.84, exceeding the $3.66 consensus estimate, while revenue rose 33% year over year to $350.65 million.
• The stock opened at $287.51, with a market capitalization of approximately $4.68 billion and a 12-month trading range of $230.45 to $355.48; institutional investors own 82.79% of shares.

CSW Industrials (NYSE:CSW - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Saturday, Wall Street Zen reports.

CSW has been the subject of several other reports. JPMorgan Chase & Co. raised their price objective on CSW Industrials from $350.00 to $380.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st. Weiss Ratings raised CSW Industrials from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday, August 3rd. Zacks Research downgraded CSW Industrials from a "strong-buy" rating to a "hold" rating in a report on Monday, July 27th. Truist Financial increased their price target on CSW Industrials from $313.00 to $332.00 and gave the company a "hold" rating in a research report on Monday, August 3rd. Finally, Wells Fargo & Company lifted their price target on CSW Industrials from $285.00 to $320.00 and gave the stock an "equal weight" rating in a research note on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $347.57.

CSW Industrials Stock Up 0.3%

CSW stock opened at $287.51 on Friday. The firm has a market cap of $4.68 billion, a PE ratio of 39.44 and a beta of 0.81. CSW Industrials has a 12 month low of $230.45 and a 12 month high of $355.48. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.70 and a quick ratio of 1.36. The firm has a 50 day simple moving average of $312.53 and a 200 day simple moving average of $290.18.

CSW Industrials (NYSE:CSW - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.66 by $0.18. The firm had revenue of $350.65 million for the quarter. CSW Industrials had a net margin of 10.34% and a return on equity of 17.41%. The business's revenue for the quarter was up 33.0% compared to the same quarter last year. Equities research analysts forecast that CSW Industrials will post 12.53 earnings per share for the current fiscal year.

Insider Buying and Selling

In other CSW Industrials news, EVP Jeff Underwood sold 720 shares of CSW Industrials stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $346.96, for a total value of $249,811.20. Following the completion of the sale, the executive vice president directly owned 6,409 shares in the company, valued at $2,223,666.64. The trade was a 10.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joseph Armes sold 1,500 shares of CSW Industrials stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $289.58, for a total transaction of $434,370.00. Following the completion of the sale, the chief executive officer owned 62,736 shares of the company's stock, valued at $18,167,090.88. This trade represents a 2.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.20% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Whittier Trust Co. boosted its position in shares of CSW Industrials by 24.8% in the first quarter. Whittier Trust Co. now owns 252 shares of the basic materials company's stock valued at $67,000 after acquiring an additional 50 shares during the period. Valley Wealth Managers Inc. bought a new position in CSW Industrials during the first quarter worth $26,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in CSW Industrials during the second quarter worth $29,000. Public Employees Retirement System of Ohio acquired a new position in CSW Industrials during the 2nd quarter valued at $29,000. Finally, Global Retirement Partners LLC acquired a new position in CSW Industrials during the 2nd quarter valued at $31,000. Institutional investors and hedge funds own 82.79% of the company's stock.

About CSW Industrials

CSW Industrials, Inc is a diversified industrial products company headquartered in Dallas, Texas. The company develops, manufactures and sells products used in the maintenance, repair, construction and improvement of residential, commercial and industrial infrastructure.

CSW Industrials operates through three primary business segments: Contractor Solutions, Engineered Building Solutions and Specialized Reliability Solutions. Its product portfolio includes HVAC and refrigeration products, plumbing and electrical solutions, adhesives, sealants, coatings, fire- and smoke-protection products, roofing materials, building components and specialty products designed to support the reliability and performance of industrial equipment and infrastructure.

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