CSW Industrials (NYSE:CSW) Downgraded to Hold Rating by Zacks Research

Key Points

• CSW Industrials has been downgraded from a "strong-buy" to a "hold" rating by Zacks Research, indicating a shift in market sentiment regarding the company's stock.
• Multiple brokerages, including Truist Financial and Wells Fargo, have adjusted their target prices for CSW Industrials, with a consensus target price of $302.40 among seven analysts.
• CSW Industrials reported a net margin of 15.18% in its last earnings report, but its revenue of $263.65 million fell short of analyst expectations of $278.27 million.

CSW Industrials (NYSE:CSW - Get Free Report) was downgraded by equities researchers at Zacks Research from a "strong-buy" rating to a "hold" rating in a research note issued to investors on Wednesday,Zacks.com reports.

Several other brokerages have also issued reports on CSW. Weiss Ratings reissued a "hold (c)" rating on shares of CSW Industrials in a research report on Saturday, September 27th. Truist Financial increased their target price on CSW Industrials from $273.00 to $276.00 and gave the stock a "hold" rating in a research report on Wednesday. Wells Fargo & Company decreased their target price on CSW Industrials from $305.00 to $285.00 and set an "equal weight" rating for the company in a research report on Friday, August 1st. JPMorgan Chase & Co. decreased their target price on CSW Industrials from $320.00 to $290.00 and set a "neutral" rating for the company in a research report on Friday, October 3rd. Finally, Citigroup decreased their target price on CSW Industrials from $269.00 to $261.00 and set a "neutral" rating for the company in a research report on Thursday. Seven analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $302.40.

CSW Industrials Trading Down 3.8%

NYSE CSW opened at $240.12 on Wednesday. CSW Industrials has a fifty-two week low of $238.49 and a fifty-two week high of $436.50. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.48 and a current ratio of 2.86. The stock has a 50 day simple moving average of $257.46 and a two-hundred day simple moving average of $286.00. The stock has a market cap of $4.03 billion, a P/E ratio of 28.69 and a beta of 0.92.

CSW Industrials (NYSE:CSW - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The basic materials company reported $2.85 earnings per share for the quarter, topping the consensus estimate of $2.62 by $0.23. CSW Industrials had a return on equity of 13.78% and a net margin of 15.18%.The business had revenue of $263.65 million during the quarter, compared to analysts' expectations of $278.27 million. On average, analysts forecast that CSW Industrials will post 8.49 earnings per share for the current year.

Insider Transactions at CSW Industrials

In related news, EVP Don Sullivan sold 1,067 shares of CSW Industrials stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $283.14, for a total value of $302,110.38. Following the completion of the sale, the executive vice president owned 22,641 shares of the company's stock, valued at $6,410,572.74. The trade was a 4.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert M. Swartz sold 200 shares of the business's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $250.37, for a total value of $50,074.00. Following the sale, the director directly owned 12,319 shares of the company's stock, valued at $3,084,308.03. This represents a 1.60% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,412 shares of company stock worth $1,497,397. 1.30% of the stock is currently owned by insiders.

Institutional Trading of CSW Industrials

Several hedge funds have recently bought and sold shares of CSW. Matrix Trust Co lifted its position in shares of CSW Industrials by 91.1% in the second quarter. Matrix Trust Co now owns 86 shares of the basic materials company's stock valued at $25,000 after acquiring an additional 41 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in CSW Industrials by 517.6% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 105 shares of the basic materials company's stock worth $31,000 after acquiring an additional 88 shares during the last quarter. Whittier Trust Co. bought a new stake in CSW Industrials during the first quarter worth approximately $59,000. Harbor Investment Advisory LLC grew its stake in shares of CSW Industrials by 27.3% during the second quarter. Harbor Investment Advisory LLC now owns 275 shares of the basic materials company's stock valued at $79,000 after buying an additional 59 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of CSW Industrials by 117.6% during the first quarter. GAMMA Investing LLC now owns 296 shares of the basic materials company's stock valued at $86,000 after buying an additional 160 shares during the last quarter. 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.

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